These financial statement items are for Snyder Corporation at
year-end, July 31, 2017.
Salaries payable
$2,580
Salaries expense
48,700
Utilities expense
22,600
Equipment
21,000
Accounts payable
4,100
Commission revenue
61,100
Rent revenue
8,500
Long-term note payable
1,800
Common stock
16,000
Cash
24,200
Accounts receivable
9,780
Accumulated depreciation
6,000
Dividends
5,000
Depreciation expense
4,000
Retained earnings (beginning of the year)
35,200
Instructions
Fill in the appropriate amounts to the questions in the
answer box below. BE SURE TO SHOW YOUR
CALCULATIONS otherwise there is no way to give you partial credit.
BE SURE to label each of your answers so I can tell which part you
are answering.
a. Total current assets
b. Total Property Plant and Equipment
c, Total Assets
d. Total Current Liabilities
e. Total Long Term Liabilities
f. Total Liabilities
g. Ending Retained Earnings
h. Total Stockholders Equity
i. Total Revenues
j. Total Expenses
k. Net Income
