Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. make a balance sheet based on the following inform

Make a balance sheet based on the following information: The company just opened On April...

80.2K

Verified Solution

Question

Accounting

Make a balance sheet based on the following information: The company just opened On April 1, merchandise costing 1,500 was added to inventory. The beginning balance of inventory was $0. Electric bill for $400 was received. Cash account currently has $20,000. A/P is currently $100. (hint you may have to create additional accounts to balance)

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Consider a solution that is 1.5×10−2 M in Ba2+ and 1.9×10−2 M in Ca2+. What minimum concentration...

Chemistry
Q

A student placed 14.5g of glucose (C6H12O6) in a volumetric flask, added enough water to dissolve...

Chemistry
Q

As simply as you can but with complete and comprehensive detail, state and explain each of...

Physics
Q

Discuss in detail about the advantages/disadvantages of compressors in refrigeration systems. Give practical examples of compressors in...

Mechanical Engineering
Q

essay about the impact of immigration on culture.

Psychology
Q

   Porter encourages firm’s not to be ‘stuck in the middle’. Critically discuss.  Please provide insightful analysis and...

General Management
Q

What message does Thomas Nast portray in the political cartoon below CLIMATZE O New York...

Biology
Q

Study this list Housing shortage High inflation High unemployment Based on your own knowledge this...

Biology
Q

Consider a system of infinite pulleys and blocks as shown Every next block is twice...

Physics
Q

There is no option to upload excel file so i took photo of it. If...

Accounting
Q

Please explain how each answer was given with proof/work. 5. What...

Accounting
Q

15. More on the time value of money Lloyd is a divorce attorney who practices...

Finance