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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The following is selected information related to Culumber Company at December 31, 2022. Cullumber reports fancia information
monthly
$4.113 Salaries and Wages Expente
Accounts Payable
$22621
Cash
8,911
Notes Payable
34275
Advertising Expense
8.226
Renst Expense
14395
Service Revenue
73,148
Actounts Receivable
18508
39.759
Owne's Drawing
10.282
tquipment
(a)
Your aswer is incorrect
Determine the totalassets of Culumber Company at December 31.2022
Total asets"
Transcribed Image Text:View Policies
Show Attempt History
Current Attempt in Progress
The following is selected information related to Culumber Company at December 31, 2022. Cullumber reports fancia information
monthly
$4.113 Salaries and Wages Expente
Accounts Payable
$22621
Cash
8,911
Notes Payable
34275
Advertising Expense
8.226
Renst Expense
14395
Service Revenue
73,148
Actounts Receivable
18508
39.759
Owne's Drawing
10.282
tquipment
(a)
Your aswer is incorrect
Determine the totalassets of Culumber Company at December 31.2022
Total asets
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- [The following information applies to the questions displayed below.] On January 1, Year 1, the general ledger of a company includes the following account balances: Debit Credit Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts $ 25,600 47,200 $ 4,700 Inventory Land 20,500 51,000 17,500 Equipment Accumulated Depreciation Accounts Payable Notes Payable (6%, due April 1, Year 2) Common Stock 2,000 29,000 55,000 40,000 31,100 $161,800 Retained Earnings Totals $161,800 During January Year 1, the following transactions occur: 2 Sold gift cards totaling $9,000. The cards are redeemable for merchandise within one year of the purchase date. 6 Purchase additional inventory on account, $152,000. January January January 15 The comapany sales for the first half the onth total $140,000. All of these sales are on account. The cost of the units sold is $76,300. January 23 Receive $125,900 from customers on accounts receivable. January 25 Pay $95,000 to inventory suppliers on…arrow_forwardHarrow_forwardJournalize the following transactions, using the direct write-off method of accounting for uncollectible receivables. Mar. 17: Received $3,190 from Paula Spitler and wrote off the remainder owed of $5,900 as uncollectible. If an amount box does not require an entry, leave it blank. Mar. 17 fill in the blank e83d81f48fed021_2 fill in the blank e83d81f48fed021_3 fill in the blank e83d81f48fed021_5 fill in the blank e83d81f48fed021_6 fill in the blank e83d81f48fed021_8 fill in the blank e83d81f48fed021_9 July 29: Reinstated the account of Paula Spitler and received $5,900 cash in full payment. July 29 fill in the blank cf28d0043fd3fb7_2 fill in the blank cf28d0043fd3fb7_3 fill in the blank cf28d0043fd3fb7_5 fill in the blank cf28d0043fd3fb7_6 July 29 fill in the blank cf28d0043fd3fb7_8 fill in the blank cf28d0043fd3fb7_9 fill in the blank cf28d0043fd3fb7_11 fill in the blank cf28d0043fd3fb7_12arrow_forward
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