Alpha Geek

(8)

$10/per page/Negotiable

About Alpha Geek

Levels Tought:
University

Expertise:
Accounting,Algebra See all
Accounting,Algebra,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Communications,Computer Science,Environmental science,Essay writing,Programming,Social Science,Statistics Hide all
Teaching Since: Apr 2017
Last Sign in: 439 Weeks Ago
Questions Answered: 9562
Tutorials Posted: 9559

Education

  • bachelor in business administration
    Polytechnic State University Sanluis
    Jan-2006 - Nov-2010

  • CPA
    Polytechnic State University
    Jan-2012 - Nov-2016

Experience

  • Professor
    Harvard Square Academy (HS2)
    Mar-2012 - Present

Category > Accounting Posted 17 May 2017 My Price 10.00

Prepare a classified balance sheet for Rodriguez’s Tools.

Classified Balance Sheet

Account name Debit Credit Cash 31,000 Short-Term Investments 43,500 Accounts Receivable 239,000 Merchandise Inventory 113,000 Notes Receivable 10,000 Interest Payable 930 Sales Supplies 1,280 Office Supplies 540 Deposit for Future Advertising 3,120 Income Taxes Payable 820 Long-Term Notes Payable 99,000 Land 34,700 Delivery Equipment 42,230 Accumulated Depreciation—Delivery Equipment 28,400 Building, Not in Use 72,100 Accounts Payable 129,600 Salaries Payable 4,600 Prepaid Rent 1,800 Prepaid Insurance 3,600 Common Stock 139,900 Retained Earnings 196,620 Trademark 4,000 Totals 599,870 403,250 p8. The information that follows is from Rodriguez’s Tools Company’s April 30, 2014, post-closing trial balance.

ReqUIReD

1.    Prepare a classified balance sheet for Rodriguez’s Tools.

2.    Business appliCation ▶ Compute Rodriguez’s Tools’ 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

Alpha Geek
(8)
Status NEW Posted 17 May 2017 02:05 PM My Price 10.00

-----------

Attachments

file 1495031009-1392852_1_636305206564601734_Classified-Balance-sheet.xlsx preview (237 words )
13-----------928-----------52&-----------amp-----------;am-----------p;i-----------nfo-----------Id=-----------425-----------878-----------Cla-----------ssi-----------fie-----------d B-----------ala-----------nce----------- Sh-----------eet----------- pp-----------8.Â----------- Th-----------e i-----------nfo-----------rma-----------tio-----------n t-----------hat----------- fo-----------llo-----------ws -----------is -----------fro-----------m R-----------odr-----------igu-----------ezâ-----------€™s----------- To-----------ols----------- Co-----------mpa-----------nyâ-----------€™s----------- Ap-----------ril----------- 30-----------, 2-----------014-----------, p-----------ost------------cl-----------osi-----------ng -----------tri-----------al -----------bal-----------anc-----------e.A-----------cco-----------unt----------- Ti-----------tle-----------Deb-----------itC-----------red-----------it$-----------Cas-----------hSh-----------ort----------- Te-----------rm -----------inv-----------est-----------men-----------tsA-----------cco-----------unt-----------s R-----------ece-----------iva-----------ble-----------sMe-----------rch-----------and-----------ise----------- In-----------ven-----------tor-----------yNo-----------tes----------- Re-----------cei-----------vab-----------les-----------Int-----------ere-----------st -----------Pay-----------abl-----------eSa-----------les----------- Su-----------ppl-----------ies-----------Off-----------ice----------- su-----------ppl-----------ies-----------Dep-----------osi-----------t f-----------or -----------fut-----------ure----------- ad-----------ver-----------tis-----------ing-----------Inc-----------ome----------- ta-----------x p-----------aya-----------ble-----------Lon-----------g T-----------erm----------- No-----------tes----------- Pa-----------yab-----------leL-----------and-----------Del-----------ive-----------ry -----------equ-----------ipm-----------ent-----------Les-----------s a-----------ccu-----------mul-----------ate-----------d
Not Rated(0)