HW1 - Dixie Transportation Service Assets Cash Accounts...

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Dixie Transportation Service Assets Liabilities Cash 69000 Accounts Payable 26000 Accounts Receivable 70000 Notes Payable 288000 Building 80000 Total Liabilities 314000 Automobiles 165000 Owners Equity Land 70000 Capital Stock 92000 Supplies 14000 Retained Earnings 62000 Total Owners Equity 154000 Total Assets 468000 468000 Mercer Company Balance Sheet 31-Dec-05 Assets Cash 36300 Liabilities: Accounts Receivable 56700 Notes Payable 207000 Land 90000 Accounts Payable 43800 Building 210000 Total Liabilities 250800 Office Equipment 12400 Owners Equity Capital Stock 75000 Retained Earnings 79600 Total 405400 Total 405400 A) 236000 B) 1132500 C) 120300 Assets Liabilities Owners Equity A) I I NE B) NE NE NE C) D D NE D) D D NE E) I NE I F) I I NE G) I NE I H) NE NE NE I) NE NE NE Yarnell Company Income Statement Month Ended August 31, 2005 Total Liabilities + Owners Equity
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Revenues Services Provided 15,000 Expenses Required 7500 Net Income 7500 Yarnell Company Cash Flow Statement
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HW1 - Dixie Transportation Service Assets Cash Accounts...

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