FINANCE 305 Week 5 Homework Project
Identify: _______________________________ Date: ___________
On a separate spreadsheet, do the next. Make sure that the correct amount is proven on the excel spreadsheet.
1. Given the next information, put together an acceptable steadiness sheet.
Property embody: Case – $2,973
Accounts receivable – $1,118
Merchandise stock – $17,476
Gear – $16,951
Liabilities embody:
Accounts payable – $2,417
Wages payable – $884
Mortgage be aware payable – $15,000
Proprietor’s capital is $23,000
2. Given the next information, full the revenue assertion utilizing the next data:
Product sales: $25,283
Returns and allowances: $492
Price of starting stock: $5,384
Price of purchases: $18,923
Price of ending stock: $5,557
Complete working expense: $three,750
