Maurice Tutor

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About Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 161 Weeks Ago, 6 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Algebra Posted 23 Aug 2017 My Price 9.00

Jason’s Hardware Corporation

Classified Balance Sheet

p2. The information that follows is from Jason’s Hardware Corporation’s June 30, 2014, post-closing trial balance.

 

Account name Debit Credit Cash 32,000 Short-Term Investments 33,000 Notes Receivable 10,000 Accounts Receivable 276,000 Merchandise Inventory 145,000 Prepaid Rent 1,600 Prepaid Insurance 4,800 Sales Supplies 1,280 Office Supplies 440 Deposit for Future Advertising 3,680 Building, Not in Use 49,600 Land 23,400 Delivery Equipment 41,200 Accumulated Depreciation—Delivery Equipment 28,400 Trademark 4,000 Accounts Payable 114,600 Salaries Payable 5,200 Interest Payable 840 Long-Term Notes Payable 80,000 Income Taxes Payable 910 Common Stock 140,300 Retained Earnings 255,750 Totals 626,000 626,000 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


ReqUIReD

1.    Prepare a classified balance sheet for Jason’s Hardware Corporation.

2.    Business appliCation ▶ Compute Jason’s Hardware’s current ratio and debt to equity ratio. (Round to one decimal place.)

3.    Business appliCation ▶ As a user of the classified balance sheet, why would you want to know the current ratio or the debt to equity ratio?

Answers

(5)
Status NEW Posted 23 Aug 2017 09:08 PM My Price 9.00

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