+ Use the following information to calculate total Assets for the year ended December 31, 2011: Supplies $500 Revenues $17,000 Operating Expenses 10,000 Cash 16,000 Accounts Payable 11,000 Dividends Accounts Receivable 4,000 Notes payable 2,000 6,000 Common stock 10,000 Equipment Retained earnings 4,000 7,500

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Use the following information to calculate total Assets for the year ended December 31,
2011:
Supplies
$500
Revenues
$17,000
Operating Expenses
10,000 Cash
16,000
Accounts Payable 11,000 Dividends
Accounts Receivable 4,000 Notes payable 2,000
6,000
Common stock
10,000 Equipment
Retained earnings
4,000
7,500
Transcribed Image Text:+ Use the following information to calculate total Assets for the year ended December 31, 2011: Supplies $500 Revenues $17,000 Operating Expenses 10,000 Cash 16,000 Accounts Payable 11,000 Dividends Accounts Receivable 4,000 Notes payable 2,000 6,000 Common stock 10,000 Equipment Retained earnings 4,000 7,500
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