Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a. give the total of the current assets. b. give t

A. Give the total of the current assets. B. Give the total of the fixed...

80.2K

Verified Solution

Question

Accounting

image
A. Give the total of the current assets. B. Give the total of the fixed assets. C. Give the total of the current liabilities. D. Give the total of the long-term liabilities. E. Calculate the working capital. E What is the total amount of the mortgage payable? THE BOAT REPAIR CENTRE BALANCE SHEET SEPTEMBER 30, 20-2 Assets Bank Accounts Receivable Office Supplies Repair Supplies and Materials Land Building $ 2 125.00 15 256.36 1 500.00 15 236.00 36 000.00 48 000.00 16 250.00 22 356.90 $156 724.26 Equipment Truck Total Assets $ Liabilities Accounts Payable GST Payable Less GST Recoverable PST Payable Bank Loan Mortgage Instalment due within one year . Mortgage Payable -- $ 4 309.14 520.02 216.90 303.12 604.09 10 000.00 2 000.00 48 000.00 $ 65 216.35 $80 356.00 Owner's Equity A. Rodriguez, Capital Balance October 1, 20-1 Net Income Drawings Increase in Capital Balance September 30, 20-2 Total Liabilities and Owner's Equity $35 615.20 24 463.29 11 151.91 91 507.91 $156 724.26

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