Question 9 5 out of 5 points salaries payable

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Question 9 5 out of 5 points
Salaries Payable, Accounts Payable, and Unearned Revenue are examples of __________.
Question 10 5 out of 5 points Martinville Company earned revenues of $20,000 and incurred expenses of $4,000. Martinville withdrew $3,500 for personal use. What is the balance in the Income Summary account prior to closing net income or loss to the Martinville, Capital account?
Question 11 5 out of 5 points Reversing entries are __________.
Question 12 5 out of 5 points
A company has $120,000 in current assets; $550,000 in total assets; $90,000 in current liabilities, and $110,000 in total liabilities. Calculate the current ratio of the company. (Round your answer to two decimal places.)
Question 13 5 out of 5 points The balances of select accounts of Sandra Company as of December 31, 2018 are given below: Debit Credit Building $140,000 Cash 9,000 Office Supplies 1,200 Furniture 6,000 Prepaid Insurance 550 Accumulated Depreciation—Furniture $4,000 Land 31,000 Accumulated Depreciation—Building 4,000 Accounts Receivable 2,200 The insurance has been prepaid until June 30, 2019. Determine the amount of total current assets reported on the balance sheet at December 31, 2018.
Correct Answer: $12,950

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