Financial Accounting (12th Edition) (What's New in Accounting)
12th Edition
ISBN: 9780134725987
Author: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
Publisher: PEARSON
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Textbook Question
Chapter 1, Problem 1.25AE
LO 3,4
(Learning Objectives 3, 4: Apply the
Total revenue………… | $ 25.7 | Investment assets(long term)….….. | $ 79.4 |
Receivables………….. | 0.5 | Property and equipment, net……… | 1.6 |
Current liabilities……. | 2.9 | Other expenses……. | 7.6 |
Common stock………. | 39.2 | 2.6 | |
Interest expense……… | 1.5 | Retained earnings, ending…… | ? |
Salary and other employee expenses… | 13.7 | Cash……… | 57.2 |
Long-term liabilities……. | 102.6 | Other assets(long-term)…… | 9.3 |
Requirement
- 1. Construct the balance sheet of Jill Carlson Really Company at January 31, 2018. Use the accounting equation to compute ending retained earnings
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Chapter 1 Solutions
Financial Accounting (12th Edition) (What's New in Accounting)
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