1. Which of the followe be shown under the wrong headings? |Assets |Liabilities | |Inventory of goods for resale | silver in till | |Amounts due on Inventory purchased |Amounts owing to debauchee by debtors | |Loan made by the firm to another(prenominal) firm |Mortgage | |Bank overdraft | | |Machinery | | 2.
Preparing a balance rove Sheet Listed below in haphazard parade are the items to be included in the balance airplane of itty-bitty valley Lodge at December 31, 2010: Equipment$ 8,100Buildings$300,000 Land510,000Capital100,000 Accounts payable40,100Cash10,300 Accounts Receivable9,400Furnishings47,200 Salaries account payable21,000Long call Notes collectable 405,000 Interest Payable8,000 lolly Profit? Instructions a. get a balance sheet at December 31, 2010. allow a proper heading and o rganize your balance sheet equal to the mod! el balance sheet. (You may list the assets in some(prenominal) order.) You will need to compute the amount to be shown for dough profit. Preparing a Balance Sheet Shown below in random order is a list of balance sheet items for notify valley Farms at September 30, 2010. Land$ 42,000Fences and Gates$ 16,230 Barns and Sheds18,300Irrigation System8,400 foil term Notes Payable80,000Cash8,200 Accounts Receivable17,000Livestock97,400 citrus tree Trees10,200Farm Machinery19,200 Accounts Payable7,030Net Profit? Property Taxes Payable9,100Wages Payable3,200 Capital100,000 Instructions...If you regard to get a full essay, order it on our website: OrderCustomPaper.com
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