Tri-State Sales shareholders invested $48,830 in the new company. In recording this entry how much would cash be credited for?
A company paid $1,919 cash and signed a note for $9,430 to purchase equipment. How much will the equipment account be debited for?
ABC Accounting Firm performed services on account in the amount of $1,433. How much would Accounts receivable would be debited for?
As of Dec 31, Hendrix Co. has assets of $67,329 and owner's equity of $31,090. What are the liabilities of Hendrix Co.?
During the current year, Rival Co. liabilities increased by $8,752 and its assets decreased by $5,472. What was the change in owners equity?
During the current year, Rival Co. liabilities increased by $8,752 and its assets decreased by $5,472. What was the change in owners equity?
At the beginning of the year, Lopez Co. had total assets of $783,968 and total liabilities of $421,321. If total assets increased by $53,253 during the year and owner's equity decreased by $34,275, what was the increase or decrease in total liabilities for the year?
At the beginning of the year, Lopez Co. had total assets of $759,024 and total liabilities of $414,443. If total shareholder equity decreased by $39,320 during the year and total liabilities increased by $51,225, what is the amount of total assets at the end of the year?
Arts Co. total assets are $42,427. The capital account is $20,388; revenues $10,684; expenses $5,489. What is the amount of the company's total liabilities?
Arts Co. total liabilites are $59,159. The capital account is $23,630; revenues $10,946; expenses $5,670. What is the amount of the company's total assets?