At the end of Year 1, Clayton Company had $6,000 of cash, $7,000 land, $2,000 of liabilities, $3,000 of common stock, and $8,000 of retained earnings. During Year 2, Clayton experienced the following events. 1. Borrowed $1,500 cash. 2. Earned $6,500 of cash revenue. 3. Paid $4,000 of cash expenses. 4. Paid $5,000 cash to purchase land. Based on this information the amount of total assets, total liabilities, and retained earnings appearing on the Year 2 financial statements is:. Total Assets Total Liabilities Retained Earnings A. $ 5,000 $ 5,500 $ 8,500 B. $ 17,000 $ 3,500 $ 10,500 C. $ 11,000 $ 2,000 $ 10,500 D. $ 11,000 $ 2,500 $ 5,500
Answers: 1
Business, 22.06.2019 12:30
Provide an example of open-ended credit account that caroline has. caroline blue's credit report worksheet.
Answers: 1
Business, 22.06.2019 19:40
Best burger is a major fast food chain. its managers are motivated to grow the firm in order to increase their market power and change the industry structure in their favor. which of the following strategies is most associated with their motive for growth? a. employing celebrity spokespeople b. implementing automated burger-making machinery c. purchasing competitors d. increasing executive salaries
Answers: 3
Business, 23.06.2019 13:30
Which tasks do travel agents and hotel concierges have in common? they both recommend where to eat and handle personal services for tourists. they both process payments and book travel packages for tourists. they both make reservations and provide information for tourists. they both recommend unusual spots to visit and book tour guides for tourists
Answers: 2
At the end of Year 1, Clayton Company had $6,000 of cash, $7,000 land, $2,000 of liabilities, $3,000...
Social Studies, 05.02.2020 05:54
Biology, 05.02.2020 05:54
Mathematics, 05.02.2020 05:54
Biology, 05.02.2020 05:54
Geography, 05.02.2020 05:54
History, 05.02.2020 05:54
Mathematics, 05.02.2020 05:54
English, 05.02.2020 05:54
Mathematics, 05.02.2020 05:54
Mathematics, 05.02.2020 05:54