FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
Bartleby Related Questions Icon

Related questions

Question
please answer 1-3 only and show solutions thank you
Problem 1. The data listed below are taken from a recent statement of financial
position of Travel Hostel Company. Some amounts, indicated by question marks, have
been intentionally omitted. Solve for the missing amounts indicated in the problem
below, numbered 1 - 5.
1. How much is the inventories?
2. How much is the property, plant and equipment?
3. How much is the total assets?
4. How much is the accounts payable?
5. How much is the long-term loans payable?
expand button
Transcribed Image Text:Problem 1. The data listed below are taken from a recent statement of financial position of Travel Hostel Company. Some amounts, indicated by question marks, have been intentionally omitted. Solve for the missing amounts indicated in the problem below, numbered 1 - 5. 1. How much is the inventories? 2. How much is the property, plant and equipment? 3. How much is the total assets? 4. How much is the accounts payable? 5. How much is the long-term loans payable?
Amount (in
Normal balances)
239,186
353,700
Account Titles
Cash on hand and in bank
Short-term investments
Accounts receivable (net)
504,944
(1)?
83,259
1,594,927
110,800
(2)?
(3)?
31,116
(4)?
Inventories
Prepaid expenses
Total current assets
Long-term receivables
Property, plant, and equipment (net)
Total assetS
Notes payable and short-term debt
Accounts payable
Accrued liabilities
421,772
Other current liabilities
Total current liabilities
Long-term loans payable
Total liabilities
Shareholders' equity
181,604
693,564
(5)?
956,140
1,370,627
expand button
Transcribed Image Text:Amount (in Normal balances) 239,186 353,700 Account Titles Cash on hand and in bank Short-term investments Accounts receivable (net) 504,944 (1)? 83,259 1,594,927 110,800 (2)? (3)? 31,116 (4)? Inventories Prepaid expenses Total current assets Long-term receivables Property, plant, and equipment (net) Total assetS Notes payable and short-term debt Accounts payable Accrued liabilities 421,772 Other current liabilities Total current liabilities Long-term loans payable Total liabilities Shareholders' equity 181,604 693,564 (5)? 956,140 1,370,627
Expert Solution
Check Mark
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
FINANCIAL ACCOUNTING
Accounting
ISBN:9781259964947
Author:Libby
Publisher:MCG
Text book image
Accounting
Accounting
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:Cengage Learning,
Text book image
Accounting Information Systems
Accounting
ISBN:9781337619202
Author:Hall, James A.
Publisher:Cengage Learning,
Text book image
Horngren's Cost Accounting: A Managerial Emphasis...
Accounting
ISBN:9780134475585
Author:Srikant M. Datar, Madhav V. Rajan
Publisher:PEARSON
Text book image
Intermediate Accounting
Accounting
ISBN:9781259722660
Author:J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:McGraw-Hill Education
Text book image
Financial and Managerial Accounting
Accounting
ISBN:9781259726705
Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:McGraw-Hill Education