Business
Business, 05.02.2021 22:00, weirdojuwin

A company's January 1, 2019 balance sheet reported total assets of $152,000 and total liabilities of $61,000. During January 2019, the company completed the following transactions: (A) paid a note payable using $11,000 cash (no interest was paid); (B) collected a $10,000 accounts receivable; (C) paid a $5,200 accounts payable; and (D) purchased a truck for $5,200 cash and by signing a $21,000 note payable from a bank. The company's January 31, 2019 balance sheet would report which of the following? a. Assets Liabilities Stockholder's Equity
$150,000 $60,000 $90,000

b. Assets Liabilities Stockholder's Equity
$155,000 $65,000 $90,000

c. Assets Liabilities Stockholder's Equity
$160,000 $75,000 $85,000

d. Assets Liabilities Stockholder's Equity
$170,000 $100,000 $70,000

answer
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 11:20, johnlecona210
Security a has a higher standard deviation of returns than security b. we would expect that: (i) security a would have a risk premium equal to security b. (ii) the likely range of returns for security a in any given year would be higher than the likely range of returns for security b. (iii) the sharpe ratio of a will be higher than the sharpe ratio of b. (a) i only (b) i and ii only (c) ii and iii only (d) i, ii and iii
Answers: 1
image
Business, 22.06.2019 12:30, victorialeona81
Provide an example of open-ended credit account that caroline has. caroline blue's credit report worksheet.
Answers: 1
image
Business, 22.06.2019 14:00, Kate1678
Wallace company provides the following data for next year: month budgeted sales january $120,000 february 108,000 march 140,000 april 147,000 the gross profit rate is 35% of sales. inventory at the end of december is $29,600 and target ending inventory levels are 10% of next month's sales, stated at cost. what is the amount of purchases budgeted for january?
Answers: 1
image
Business, 22.06.2019 19:00, lonelynomad00
Adrawback of short-term contracting as an alternative to making a component in-house is thata. it is the most-integrated alternative to performing an activity so the principal company has no control over the agent. b. the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality. c. it fails to allow a long planning period that individual market transactions provide. d. the buying firm cannot demand lower prices due to the lack of a competitive bidding process.
Answers: 2
Do you know the correct answer?
A company's January 1, 2019 balance sheet reported total assets of $152,000 and total liabilities of...

Questions in other subjects:

Konu
Mathematics, 26.06.2020 16:01
Konu
Mathematics, 26.06.2020 16:01