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a company compiled the following financial information as of December 31, 2013:
Revenues $170,000
Retained earnings (1/1/13) 30,000
Equipment 40,000
Expenses 125,000
Cash 45,000
Dividends 10,000
Supplies 5,000
Accounts payable 20,000
Accounts receivable 25,000
Common stock 40,000
The company's assets on December 31, 2013 are:
Solution
Equipment
40,000
Cash
45,000
Accounts Receivable
25,000
Common Stock
40,000
Total
150,000
Equipment
40,000
Cash
45,000
Accounts Receivable
25,000
Common Stock
40,000
Total
150,000

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a company compiled the following financial information as of Decembe.pdf

  • 1. a company compiled the following financial information as of December 31, 2013: Revenues $170,000 Retained earnings (1/1/13) 30,000 Equipment 40,000 Expenses 125,000 Cash 45,000 Dividends 10,000 Supplies 5,000 Accounts payable 20,000 Accounts receivable 25,000 Common stock 40,000 The company's assets on December 31, 2013 are: Solution Equipment 40,000 Cash 45,000 Accounts Receivable 25,000 Common Stock 40,000 Total 150,000 Equipment 40,000 Cash 45,000 Accounts Receivable 25,000 Common Stock 40,000