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Finance

πŸ“… February 21, 2022 ✍️ Medical Health ⏱ 1 min read

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

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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

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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

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