Finance accounting

ANSWERS WITH COMPUTATION

1 . Cash 45 ,000

Property , Plant Equipment 200 ,000

Accounts Receivable 90 ,000

Inventory 75 ,000

br The correct answer is B

2 Less : Accounts Payable 80 ,000

Long-Term Debt 60 ,000

Capital Stock 150 ,000

Retained Earnings 120 ,000 The correct answer is A

3 . The Correct Answer is C

4 . Electricity expense 430

Salaries expense 850

br The correct answer is C

5 . Beginning cash 4 ,300

add proceeds from bank loans 2 ,500

less payment for

furniture 1 ,220

less payment for salaries 850

Ending cash 4 ,730

The correct answer is C

6 . The correct answer is A

7 . From the above info , the customers still owe Martin 250 The correct answer is B

8 . The correct answer is C

assets 350 ,000

Less : liabilities of 130 ,000

Less : Retained earnings of 180 ,000

Investment 40 ,000

The correct answer is A

10 Loss 15 ,000

Add Revenues 295 ,000

The correct answer is A

11 br Current ratio 76 ,000 38 ,000 2

The correct answer is D

12 Current Assets - Current Liabilities 76 ,000 - 38 ,000 38 ,000

The correct answer is C

13 The correct answer is C

14 . The reason why the 30 ,000 is negative is because it 's a cash outflow . You bought a new equipment . Therefore you spent money . Money is going...