Siam TradersBalance SheetAs of March 11, 2018Cash 9,100,000 Accounts Payable 1,900,000 Accounts Receivable 4,400,000 Debt 2,400,000 Inventory 4,800,000 Other Liabilities 600,000 Property Plant & Equipment 15,600,000 Total Liabilities 4,900,000 Other Assets 2,600,000 Paid-In Capital 6,900,000Retained Earnings 24,700,000Total Equity 31,600,000 Total Assets 36,500,000 Total Liabilities & Equity 36,500,000Use T-accounts to record the transactions below, which occur on March 12, 2018, close the T-accounts, and construct a balance sheet to answer the question.1. Purchase equipment for $43,000 in cash2. Receive payment of $11,000 owed by a customer3. Buy $14,000 worth of manufacturing supplies on credit4. Issue $70,000 in stock5. Pay $8,000 owed to a supplierWhat is the final amount in Total Equity?
RECOMMENDED!!BAC 101-Siam Traders Balance Sheet
How it works
- Paste your instructions in the instructions box. You can also attach an instructions file
- Select the writer category, deadline, education level and review the instructions
- Make a payment for the order to be assignment to a writer
- Download the paper after the writer uploads it
Will the writer plagiarize my essay?
You will get a plagiarism-free paper and you can get an originality report upon request.
Is this service safe?
All the personal information is confidential and we have 100% safe payment methods. We also guarantee good grades
Recent Comments