Maurice Tutor

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
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: 399 Weeks Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

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

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 28 Jul 2017 My Price 8.00

Classified Balance Sheet

 

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

Maurice Tutor
(5)
Status NEW Posted 28 Jul 2017 10:07 PM My Price 8.00

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