Business, 30.05.2021 03:30 krisik

It is an accounting question

Answers: 1

Show answers

Answers

Answer from: hoodricchkeyy

Latana Company

Classified Balance Sheet

As of the first month of operation

Assets

Current assets:

Cash $49,500

Short-term investments 10,000

Notes receivable 5,000

Supplies 900 $65,400

Long-term assets:

Land 15,000

Equipment 10,000 $25,000

Total assets $90,400

Liabilities and Equity

Current liabilities:

Accounts payable $400

Long-term liabilities:

Notes payable $15,000

Total liabilities $15,400

Stockholders' equity:

Common stock $750

Additional Paid-in Capital 74,250 $75,000

Total liabilities and equity $90,400

Explanation:

a) Data and Calculations:

Latana Company

Trial Balance

As of the first month of operation

Account Titles Debit Credit

Cash $49,500

Short-term investments 10,000

Notes receivable 5,000

Supplies 900

Land 15,000

Equipment 10,000

Accounts payable $400

Notes payable 15,000

Common stock 750

Additional Paid-in Capital 74,250

Total $90,400 $90,400

Answer from: Quest

i am asked a question by the teacher.

a question is asked by the teacher.

Answer from: Quest

Ihope this . this is the answer to you question.

Other questions on the subject: Business

Business, 21.06.2019 21:00, nwatase

Resources and capabilities, such as interpersonal relations among managers and a firm's culture, that may be costly to imitate because they are beyond the ability of firms to systematically manage and influence are referred to asanswers: socially complex. causally ambiguous. path dependent. the result of unique historical conditions.

Answers: 3

continue

Business, 21.06.2019 22:30, makaalbarnthemeister

Owning a word is a characteristic of a powerful a. productb. servicec. organization d. brand

Answers: 2

continue

Business, 22.06.2019 00:50, BARRION1981

Hanna intends to give her granddaughter, melodee, her antique hat pin. this heirloom has been kept under lock and key in the wall vault in the library of hanna's house in virginia. the hat pin is currently the only item in the vault. when hanna is visiting melodee in connecticut, hanna gives melodee the only key to the vault. melodee is grateful for the present and excitedly accepts. in this situation has there been a completed gift?

Answers: 3

continue

Business, 22.06.2019 02:50, vcornejo7

Seattle bank’s start-up division establishes new branch banks. each branch opens with three tellers. total teller cost per branch is $96,000 per year. the three tellers combined can process up to 90,000 customer transactions per year. if a branch does not attain a volume of at least 60,000 transactions during its first year of operations, it is closed. if the demand for services exceeds 90,000 transactions, an additional teller is hired and the branch is transferred from the start-up division to regular operations. required what is the relevant range of activity for new branch banks

Answers: 2

continue

You know the right answer?

It is an accounting question

...