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oksano4ka [1.4K]
3 years ago
11

Consider the following information:

Business
1 answer:
Jobisdone [24]3 years ago
6 0

Answer:

The total for assets, liabilities, and equity are:

b) Total Assets: $26,000

Total Liabilities: $17,000

Total Equity: $9,000

Explanation:

a) Data and Calculations:

Accounts Payable: $4,000

Notes Payable: $10,000

Salaries payable: $1,000

Revenues: $5,000

Accounts Receivable: $5,000

Utilities Expense: $2,000

Cash: $5,000

Office Supplies: $1,000

Equipment: $20,000

Accumulated Depreciation Equipment: $5,000

Unearned Revenue: $2,000

Equity: $22,000

Salaries Expense: $1,000

Total assets:

Accounts Receivable: $5,000

Cash:                           $5,000

Office Supplies:           $1,000

Equipment:               $20,000

Accumulated Depreciation

Equipment:              ($5,000)

Total assets =         $26,000

Total liabilities:

Accounts Payable:     $4,000

Notes Payable:         $10,000

Salaries payable:        $1,000

Unearned Revenue: $2,000

Total liabilities          $17,000

Total Equity:

Total assets $26,000

Total liabilities 17,000

Total equity    $9,000

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Production and sales estimates for June are as follows:
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Answer:

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Explanation:

Giving the following information:

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