11 what are the total assets for shiver ice 383831
11. What are the total assets for Shiver Ice House
|
Common Stock Don't use plagiarized sources. Get Your Custom Essay on
11 what are the total assets for shiver ice 383831
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|
$120,000 |
Accounts Payable |
$25,000 |
|
Cash |
$116,640 |
Accounts Receivable |
$22,450 |
|
Supplies |
$ 1,500 |
Office Equipment |
$23,300 |
|
Prepaid Rent |
$ 3,200 |
Unearned Revenue |
$ 4,152 |
|
Revenue |
$ 20,000 |
Utilities Expense |
$ 422 |
|
Retained Earnings |
$ 30,000 |
Shaving Equipment |
$31,640 |
A. $291,340
B. $106,962
C. $198,730
D. $218,730
E. $221,580
12. What is net income for Shiver Ice House
|
Common Stock |
$120,000 |
Accounts Payable |
$25,000 |
|
Cash |
$116,640 |
Accounts Receivable |
$22,450 |
|
Supplies |
$ 1,500 |
Office Equipment |
$23,300 |
|
Prepaid Rent |
$ 3,200 |
Unearned Revenue |
$ 4,152 |
|
Revenue |
$ 20,000 |
Utilities Expense |
$ 422 |
|
Retained Earnings |
$ 30,000 |
Shaving Equipment |
$31,640 |
A. $19,578
B. $20,528
C. $23,728
D. $49,578
E. $24,578
13. What is total for the debits on the Trial Balance for Shiver Ice House?
|
A. $291,340
B. $106,964
C. $199,152
D. $193,390
E. $203.152
14. Find net income using the following transactions.1. Bill Co. paid $2,000 for one month rent
|
A. $10,200
B. $ 5,000
C. $ 8,700
D. $13,900
E. $ 7,000
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