4 1114 111813 assignme nt pr int vie w 150000

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ,000 30,000 Offic e Supplies Sep. 12 600 Sep. 30 bal. 600 Land Sep. 4 50,000 Sep. 30 bal. 50,000 Building Sep. 4 300,000 Sep. 30 bal. 300,000 Notes Pay able e z to.mhe c loud.mc gr a w- hill.c om/hm_a c c ounting.tpx? todo= pr intvie w Sep. 4 11/14 11/18/13 Assignme nt Pr int Vie w 150,000 Sep. 30 bal. 150,000 Ac c ounts Pay able Sep. 12 600 Sep. 30 bal. 600 Capital Stoc k Sep. 2 900,000 Sep. 30 bal. 900,000 Client Rev enue Sep. 19 75,000 Sep. 30 bal. 75,000 Salary Ex pens e Sep. 29 24,000 Sep. 30 bal. 24,000 c. Prepare a trial balanc e dated September 30, 2011. As s ume ac c ounts with z ero balanc es are not inc luded in the trial balanc e. (List the accounts in the order given in the partial chart of accounts above. Om it the "$" sign in your response.) Mc Millan Corporation Trial Balanc e September 30, 2011 Cas h Ac c ounts rec eiv able Offic e s upplies Land Building Notes pay able Ac c ounts pay able Capital s toc k Client rev enue Salary ex pens e Total $ $ Debit 706,000 45,000 600 50,000 300,000 24,000 1,125,600 $ Credit $ 150,000 600 900,000 75,000 1,125,600 e z to.mhe c loud.mc gr a w- hill.c om/hm_a c c ounting.tpx? todo= pr intvie w 12/14 11/18/13 7. Assignme nt Pr int Vie w awar d: 10 out of 10.00 points The following information c ame from a rec ent balanc e s heet of Apple Computer, Inc .: As s ets Liabilities Owners ' Equity End of Year $ 53.9 billion $ 26.0 billion ? Beginning of Year $ 39.6 billion ? $ 21.0 billion a. Determine the amount of total liabilities reported in Apple Computer ’s balanc e s heet at the beginning of the y ear. (Enter your answer in billions of dollars rounded to 1 decim al place) Total liabilities $ 18.6 billion b. Determine the amount of total owners ’ equity reported in Apple Computer ’s balanc e s heet at the end of the y ear. (Enter your answer in billions of dollars rounded to 1 decim al place) Total owner's equity $ 27.9 billion c. Retained earnings was reported in Apple Computer ’s y ear­end balanc e s heet at $19.5 billion. If retained earnings was $13.8 billion at the beginning of the y ear, determine net inc ome for th...
View Full Document

This document was uploaded on 03/03/2014 for the course MGMT ACCOU 2300 at Rensselaer Polytechnic Institute.

Ask a homework question - tutors are online