Homework Help is Here – Start Your Trial Now!
Business
Finance
Direction: Complete the Balance Sheet. Write your answer in the box provided. Bazado Pharma Balance Sheet As of December 31,2020 Assets Current Assets Cash * 6,520.00 P 2,300.00 Accounts Receivable Supplies Total Current Assets P 23,820.00 Non-current Assets Equipment, Net P 17,000.00 Building, Net P113,000.00 Total Non-current Assets 2. Total Assets Liabilities and Owner's Equity

Direction: Complete the Balance Sheet. Write your answer in the box provided. Bazado Pharma Balance Sheet As of December 31,2020 Assets Current Assets Cash * 6,520.00 P 2,300.00 Accounts Receivable Supplies Total Current Assets P 23,820.00 Non-current Assets Equipment, Net P 17,000.00 Building, Net P113,000.00 Total Non-current Assets 2. Total Assets Liabilities and Owner's Equity

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
See similar textbooks
icon
Related questions
Question
Direction: Complete the Balance Sheet. Write your answer in the box provided. Pazado Pharma Balance Sheet As of December 31.2020 Assets Current Assets Cash P 6,520.00 * 2,300.00 Accounts Receivable Supplies Total Current Assets P 23,820.00 Non-current Assets Equipment, Net Building, Net * 17,000.00 P113,000.00 Total Non-current Assets P2. Total Assets Liabilities and Owner's Equity Current Liabilities P 22,400.00 P 3,500.00 Accounts Payable Unearned Income Total Current Liabilities Non-current Liabilities Loans Payable (Long Term) * 77,500.00 P 77,500.00 P 103,400.00 Total Non-current Liabilities Total Liabilities Owner's Equity Fernandez, Capital P5. Total Liabilities and Owner's Equity P 153,820.00
Transcribed Image Text:Direction: Complete the Balance Sheet. Write your answer in the box provided. Pazado Pharma Balance Sheet As of December 31.2020 Assets Current Assets Cash P 6,520.00 * 2,300.00 Accounts Receivable Supplies Total Current Assets P 23,820.00 Non-current Assets Equipment, Net Building, Net * 17,000.00 P113,000.00 Total Non-current Assets P2. Total Assets Liabilities and Owner's Equity Current Liabilities P 22,400.00 P 3,500.00 Accounts Payable Unearned Income Total Current Liabilities Non-current Liabilities Loans Payable (Long Term) * 77,500.00 P 77,500.00 P 103,400.00 Total Non-current Liabilities Total Liabilities Owner's Equity Fernandez, Capital P5. Total Liabilities and Owner's Equity P 153,820.00
Direction: The following list of accounts for Pazado, Inc is available at the end of December 2020. Make a summary of Income Statement from the given information below with the following required data. 1. Calculate the turnover/ROI 2. Calculate the consumption of goods for sale 3. Prepare the Income Statement of Pazado, Inc for year 2020. Sales Rent Expense Depreciation Expense Utilities Expense Taxes and Licenses Goods Available for Sale Merchandise, Inventory, January 31 Salaries Expense Freight, out Uncollectible Accounts Sales Discount Sales Returns and Allowance 902,000 30,000 11,250 18,000 15,000 714,900 102,000 50,000 3.920 19,100 5,000 13,000
Transcribed Image Text:Direction: The following list of accounts for Pazado, Inc is available at the end of December 2020. Make a summary of Income Statement from the given information below with the following required data. 1. Calculate the turnover/ROI 2. Calculate the consumption of goods for sale 3. Prepare the Income Statement of Pazado, Inc for year 2020. Sales Rent Expense Depreciation Expense Utilities Expense Taxes and Licenses Goods Available for Sale Merchandise, Inventory, January 31 Salaries Expense Freight, out Uncollectible Accounts Sales Discount Sales Returns and Allowance 902,000 30,000 11,250 18,000 15,000 714,900 102,000 50,000 3.920 19,100 5,000 13,000
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Financial Reporting in Hyperinflationary Economies
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS