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 For $10/Page 0nly | $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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