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Title: Swan Song's adjusted trial balance as of December 31, 2016 is given ...
Post by: H3Ko on Aug 28, 2016
Swan Song's adjusted trial balance as of December 31, 2016 is given below:

   Debit   Credit
Cash   $12,000   
Accounts Receivable   11,000   
Prepaid Rent   7,000   
Prepaid Insurance   2,000   
Office Supplies   3,000   
Building   52,000   
Accumulated DepreciationBuilding      $10,000
Equipment   31,000   
Accumulated DepreciationEquipment      7,300
Land   40,000   
Accounts Payable      5,800
Salaries Payable      4,200
Interest Payable      2,800
Mortgage Payable (long term)      6,000
Common Stock      11,500
Dividends   20,600   
Service Revenue      236,400
Salaries Expense   41,500   
Insurance Expense   3,500   
Rent Expense   14,000   
Utilities Expense   17,500   
Advertising Expense   9,600   
Depreciation ExpenseBuilding   10,300   
Depreciation ExpenseEquipment   7,500   
Supplies Expense   1,500                    
Total   $284,000   $284,000

Compute the current ratio. (Round your answer to two decimals.)
A) 7.01
B) 1.80
C) 2.73
D) 2.07


Title: Re: Swan Song's adjusted trial balance as of December 31, 2016 is given ...
Post by: Mrgo-breed on Aug 28, 2016
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Title: Re: Swan Song's adjusted trial balance as of December 31, 2016 is given ...
Post by: H3Ko on Oct 12, 2016
YES! Can't believe I got this one right. Appreciate the confirmation


Title: Re: Swan Song's adjusted trial balance as of December 31, 2016 is given ...
Post by: Mrgo-breed on Oct 16, 2016
I'm liking this :)


Title: Re: Swan Song's adjusted trial balance as of December 31, 2016 is given ...
Post by: gotbiology on Oct 1, 2019
thank you!


Title: Re: Swan Song's adjusted trial balance as of December 31, 2016 is given ...
Post by: anklap on Nov 9, 2019
love it !


Title: Re: Swan Song's adjusted trial balance as of December 31, 2016 is given ...
Post by: e.bro.kno on Feb 20, 2020
Thank you for completing this!


Title: Re: Swan Song's adjusted trial balance as of December 31, 2016 is given ...
Post by: 黃佳毅 on Sep 3, 2020
thank you


Title: Re: Swan Song's adjusted trial balance as of December 31, 2016 is given ...
Post by: Adam Tuso on Feb 28, 2021
yo!


Title: Re: Swan Song's adjusted trial balance as of December 31, 2016 is given ...
Post by: dhernandez30 on Mar 25, 2021
thanksss