Lang enterprises was started when it acquired $4,000 cash from creditors and $6,000 from owners. The company immediately purchased land that cost $9,000. After all evenets have been recorded under the accounting equation. Lang's obligations to creditors represent what percent of total assets?Do not include any points or percentage signs in your answer.

The account balances for Premera Blue Cross are listed below. All balances are as of December 31, 2023, except where noted otherwise. $5,500 9,600 Rent Expense Equipment 2,600 Furniture 1,200 Notes Payable (due 12/31/25) Accumulated Depreciation 2,000 109,750 Accounts Payable Accounts Receivable Wages Payable Prepaid Expenses Dividends Sales Revenue Notes Payable (due 4/30/24) Cost of Goods Sold Loss on Sale of Equipment Inventory Advertising Expense Insurance Expense Determine Total Current Assets as of December 31, 2023: $46,700 $190,750 $201,200 $45,500 $45,100 00000 1,000 52,800 3,500 9.500 3,000 2,000 Cash Common Stock Goodwill Retained Earnings (1/1/23) Marketable Equity Securities Depreciation Expense Unearned Revenue $6,000 82,500 22,000 35,000 10,450 26,000 20,000 50,000 14,150 400 10,450 4,200

Jones Enterprises was started on January 1, Year 1, when it acquired $6,000 cash from creditors and $10,000 from owners. The company immediately purchased land that cost $12,000. The land purchase was the only transaction occurring during Year 1. Required: a. Record the events under an accounting equation. Note: Enter any decreases to account balances with a minus sign. Balance Cash JONES ENTERPRISES Equation + + (12,000) + + $ (12,000) + Accounting Equation $ Land II = $ 6,000 + 12,000 = = Creditors + 12,000 = $ + + 6,000 + Stockholders' Equity $ 0

Jones Enterprises was started when it acquired $4,800 cash from creditors and $7,200 from owners. The company immediately purchased land that cost $10,000. Record the events under an accounting equation. After all events have been recorded, Jones’s obligations to creditors represent what percent of total assets?

MIMI Indicate how each of the following transactions would affect Oriole Ltd's statement of income, statement of financial position, and statement of cash flows. If there would be no effect, then state that. b. C. a. b. b. Oriole sold a piece of equipment for $39,700. The equipment had originally cost $178,000 and had a carrying amount of $47.000 at the time it was sold. C. Oriole purchased a new piece of equipment to replace the equipment that had been sold. The new equipment had a cost of $224,000. Oriole recorded the annual depreciation on its equipment in the amount of $123,000. Increase in Net Income Ma Elfar Show Transcribed Text Statement of Income No Effect Increase in Net Income Statement of Income Decrease in Net Income Show Transcribed Text Statement of Financial Position $ V $ $ V $ $ $ $ Ć $ Statement of Cash Flows $ Statement of Financial Position $ Statement of Financial

A vacant lot acquired for $375,500, on which there is a balance owed of $281,625, is sold for $488,150 in cash. The seller pays the $281,625 owed. What is the effect of these transactions on the total amount of the seller's (1) assets, (2) liabilities, and (3) stockholders' equity? Enter all values and positive numbers.

The comparative balance sheet of Martinez Inc. for December 31, 20Y4 and 20Y3, is as follows:Please see  the attachment for details:Additional data obtained from an examination of the accounts in the ledger for 20Y4 are as follows:a. Equipment and land were acquired for cash.b. There were no disposals of equipment during the year.c. The investments were sold for $588,000 cash.d. The common stock was issued for cash.e. There was a $528,000 debit to Retained Earnings for cash dividends declared.InstructionsPrepare a statement of cash flows, using the direct method of presenting cash flows from operating activities.

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The following financial information is from Cook Company: Accounts Payable Land Inventory Accounts Receivable Equipment Deferred Revenue Short-Term Investments Notes Receivable (due in 8 months) Interest Payable Patents $ 55,000 90,000 10,500 7,500 8,000 58,500 20,000 45,500 2,000 75,000 What is the total amount of property, plant, and equipment assuming the accounts above reflect normal activity?

Amarillo Company experienced the following events during its first accounting period. (1) Purchased $5,000 of inventory for cash. (2) Returned $100 of the inventory purchased in Event 1. Based on this information, which of the following shows how the recognition of the return will affect the company’s financial statements?