Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. answer both parts the accounting records of be

answer both parts The accounting records of Betty DeRose, Inc. revealed...

60.1K

Verified Solution

Question

Accounting

answer both parts
image
The accounting records of Betty DeRose, Inc. revealed the following account balances as of December 31, 2029: ... ... ...... Dividends Accumulated depreciation .. Income tax expense Trademark Supplies Sales revenue Land Salaries payable Accounts receivable Retained earnings Notes payable Equipment Rental revenue Copyright Inventory Salaries expense Cash Common stock Cost of goods sold Utilities expense Accounts payable - - - - $ 21,000 $ 78,000 $ 30,000 $ 92,000 $ 27,000 $21 , ? $ 49,000 $ 71,000 $ 82,000 (at January 1, 2029) $ 67,000 (due March 1, 2033) $102,000 $ 63,000 ? $113,000 $ 72,000 $ 26,000 ? $ 54,000 $ 38,000 $ 51,000 Additional information: 1) The total P-P-E at December 31, 2029 was equal to $111,000. 2) The total intangibles at December 31, 2029 were equal to 25% of the total assets at December 31, 2029. Calculate the December 31, 2029 balance in the Land account

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