Question

Calculate the missing numbers that follow the list of account balances. Enter the digits only - no dollar signs or commas. Retained earnings at the beginning of the year is zero. Prepaid expense = 4470 Rent expense = 13750 Supplies = 2070 Intangibles = 15000 Dividends = 1200 Supplies expense = 3500 Advertising expense = 3400 Accounts payable = 6200 Service revenue = 33000 Wages payable = 2250 Cash = 4470 Accounts receivable = 4800 Wages expense = 9810 Owner's capital = 11450 Unearned revenue = 2670 Loan payable due in 2025 = 6900 Total equity? Profit for the year? Current liabilities? Current assets?

          Calculate the missing numbers that follow the list of account balances. Enter the
digits only - no dollar signs or commas. Retained earnings at the beginning of the
year is zero.
Prepaid expense = 4470
Rent expense = 13750
Supplies = 2070
Intangibles = 15000
Dividends = 1200
Supplies expense = 3500
Advertising expense = 3400
Accounts payable = 6200
Service revenue = 33000
Wages payable = 2250
Cash = 4470
Accounts receivable = 4800
Wages expense = 9810
Owner's capital = 11450
Unearned revenue = 2670
Loan payable due in 2025 = 6900
Total equity?
Profit for the year?
Current liabilities?
Current assets?
        
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Calculate the missing numbers that follow the list of account balances. Enter the
digits only - no dollar signs or commas. Retained earnings at the beginning of the
year is zero.
Prepaid expense = 4470
Rent expense = 13750
Supplies = 2070
Intangibles = 15000
Dividends = 1200
Supplies expense = 3500
Advertising expense = 3400
Accounts payable = 6200
Service revenue = 33000
Wages payable = 2250
Cash = 4470
Accounts receivable = 4800
Wages expense = 9810
Owner's capital = 11450
Unearned revenue = 2670
Loan payable due in 2025 = 6900
Total equity?
Profit for the year?
Current liabilities?
Current assets?

Added by Michael P.

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Horngren’s Cost Accounting
Horngren’s Cost Accounting
Srikant M. Datar, Madhav V. Rajan 16th Edition
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Calculate the missing numbers that follow the list of account balances. Enter the digits only - no dollar signs or commas. Retained earnings at the beginning of the year is zero: Prepaid expense = 4470 Rent expense = 13750 Supplies = 2070 Intangibles = 15000 Dividends = 1200 Supplies expense = 3500 Advertising expense = 3400 Accounts payable = 6200 Service revenue = 33000 Wages payable = 2250 Cash = 4470 Accounts receivable = 4800 Wages expense = 9810 Owner's capital = 11450 Unearned revenue = 2670 Loan payable due in 2025 = 6900 Total equity? Profit for the year? Current liabilities? Current assets?
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Transcript

-
0:00 Hello everyone.
00:02 So firstly we'll calculate total liabilities.
00:09 So for that firstly we'll take unearned revenue that is $1 ,580.
00:34 Next we have loan payable that is $4 ,200.
00:47 Then we have wages payable that is $1 ,300.
00:58 Then we'll take accounts payable.
01:10 That is $3 ,800.
01:14 So with this, we get our total liabilities, that is $10 ,880.
01:34 Next we have, we need to calculate total current assets.
01:51 We'll take supplies first, that is $1 ,200...
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