(Answered) Andrew davis is the bookkeeper for cheyenne company andrew

Finance

Andrew Davis is the bookkeeper for Cheyenne Company. Andrew has been trying to get the balance sheet of Cheyenne Company to balance. It finally balanced, but now he"s not sure it is correct.

CHEYENNE COMPANY
Balance Sheet
31-Dec-12
Assets		Liabilities and Stockholders" Equity
Cash	$18,000	Accounts payable	$16,000
Supplies	9,500	Accounts receivable	-12,000
Equipment	40,000	Common stock	40,000
Dividends	8,000	Retained earnings	31,500
Total assets	$75,500	Total liabilities and
		stockholders" equity	$75,500

Instructions

Prepare a correct balance sheet.

View complete question

Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9798117
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Basic Finance

Question - to put it into practice ii a call option on

Question - To put it into practice II A call option on Canadian dollars with a strike price of $.60 is purchased by a speculator for a premium of $.06 per unit. Assume each option calls for the delivery of 50,000 CAD. If ...

One year ago you bought a put option on 125000 euros with

One year ago, you bought a put option on 125,000 euros with an expiration date of one year. You paid a premium on the put option of $.05 per unit. The exercise price was $1.36. Assume that one year ago, the spot rate of ...

Cardinal industries had the following operating results for

Cardinal Industries had the following operating results for 2018: Sales = $33,813; Cost of goods sold = $23,967; Depreciation expense = $5,947; Interest expense = $2,685; Dividends paid = $1,951. At the beginning of the ...

What do you think happened to bond prices when interest

What do you think happened to bond prices when interest rates went down in the US after the GFC?

The pretzel factory has net sales of 841300 and cost of

the pretzel factory has net sales of 841,300 and . cost of 698500. the depreciation expense is 28400 and the interest paid is 8400. The firms marginal tax rate is 35 percent what is the firms operating cash flow?

Under what circumstances will the npv and irr offer

Under what circumstances will the NPV and IRR offer different recommendations, and which recommendation is preferred?

Gardial amp son has an roa of 12 a 5 profit margin and a

Gardial & Son has an ROA of 12%, a 5% profit margin, and a return on equity equal to 20%. What is the company's total assets turnover? What is the firm's equity multiplier?

A firm has 21000000 of available retained earnings the

A firm has $21,000,000 of available retained earnings. The capital structure is 48% debt, 8% preferred equity and 44% common equity. At what point in total funding will the company exhaust its available retained earnings ...

For an 18-year fixed payment loan for 200000 with an annual

For an? 18-year fixed payment loan for? $200,000 with an annual interest rate of? 5.20% and making QUARTERLY? payments, what percent of your first payment would apply to the? principal?

Question - you are given one-year stock options with an

Question - You are given one-year stock options with an exercise price of $30. The current stock price is $30, so the options are at-the-money. Without hedging, the stock price at year-end will either be $28 or $38 with ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Basic Finance Expert