Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a corporation has the following account balances o

A corporation has the following account balances on September 30, 2015: Cash $1,500, Accounts Receivable...

80.2K

Verified Solution

Question

Accounting

A corporation has the following account balances on September 30, 2015: Cash $1,500, Accounts Receivable $5,200, Unused Supplies $200, Advertising Expense $450, Interest Expense $400, Supplies Used $240, Wages Expense $2,200, Service Revenue $4,500, Accounts Payable $2,500, Share Capital $1,500, Retained Earnings $1,690. Calculate the percentage of assets financed by equity.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

How did Lamarck’s theory of evolution DIFFER from that of Darwin’s? Lamarck believed that Earth was old...

Psychology
1.2K views

Thinking Think about the hundreds of decisions you made this week. Which of the heuristics (mental shortcuts)...

Psychology
1.2K views

In your (supported) opinion, what, if any, is the difference between \"police community programs\" and community...

Physics
1.2K views

Three rigid rods are joined to form an equilateral triangle The two corners A 3...

Physics
1.2K views

In a certain double slit experimental arrangement interference fringes of width 1 0 mm each...

Geometry
1.2K views

7 A The function g x shown in the graph is a tranformation of the...

Statistics
1.2K views

Suppose a simple random sample of size n 1000 is obtained from a population whose...

Algebra
1.2K views

the answer said we should pick 0 in 20 But I think 1 0 2...

Accounting
1.2K views

Multiple-Product Break-even, Break-Even Sales Revenue Andrews Sporting Goods, Inc., produces...

Accounting
1.2K views

List several rules to be observed in the preparation of working papers that reflect current...

Accounting
1.2K views

Pineapple Corp sold 80,000 units providing a profit of $60,000. The unit margin of safety...

Accounting
1.2K views

Widmer Company had gross wages of $277,000 during the week ended June 17. The amount...