8,700Prepaid insurance                                                         9,400Accounts receivable                                                     7,000Accounts payable                                                          5,800Notes payable                                                                9,400Owner’s Capital                                                             2,300Owner’s Drawings                                                         1,400Revenues                                                                      44,000Expenses                                                                       35,000What is the total of accounts with credit balances for Qwik Company?Group of answer choices$52,400$61,500$62,900$57,900

Good Job Ltd. had the following list of balance sheet items: equity $240,000, non-current assets $500,000, accounts receivable $230,000, bank overdraft $300,000. Accounts payable, the only item missing from the list, must be: Group of answer choices 1.$670,000 2.$190,000 3.$210,000 4.$790,000

The balance sheet shows the following accounts and amounts:Cash $26,000; Short-term Debt $42,000; Buildings and Equipment $840,000; Inventory, $88,000; Notes Payable $120,000; Accumulated Depreciation $220,000; Common Stock $160,000; Accounts Receivable $76,000; Retained Earnings $474,000; Accounts Payable $34,000.Total assets on the balance sheet are:Multiple Choice$1,030,000.$734,000.$1,250,000.$810,000.

Cash 25,450Accounts Receivable 25,500Inventory 85,000Prepaid Expenses 4,950Motor vehicle 68,000Equipment 155,000Accounts Payable 35,000Unearned Revenue 8,000Wages Payable 15,000Bank Loan 50,000Share Capital 235,000Retained Earnings 10,000Dividends -5,000Revenue 53,650Cost of Sales -12,450Wages Expense -15,000Interest expense -2,500Marketing expense -2,800Insurance expense -5,000Calculate NET PROFIT

Which of the accounts below would appear in the Balance Sheet columns of the work sheet?Group of answer choicesService RevenuePrepaid RentSupplies ExpenseNone are correct

Your audit disclosed that on December 31, 2018, the accounts receivable control account of Alilem Company had a balance of P2,865,000.  An analysis of the accounts receivable account showed the following: Accounts known to be worthlessP    37,500Advance payments to creditors on purchase orders150,000Advances to affiliated companies375,000Customers’ accounts reporting credit balances arising from sales return (225,000)Interest receivable on bonds150,000Other trade accounts receivable – unassigned750,000Subscriptions receivable for common stock due in 30 days825,000Trade accounts receivable  - assigned (Finance company’s equity in assigned accounts is P150,000) 375,000Trade installment receivable due 1 – 18 months, including unearned finance charges of P30,000 330,000Trade receivables from officers due currently22,500Trade accounts on which post-dated checks are held (no entries were made on receipts of checks)        75,000 P2,865,000 Based on the above and the result of your audit, determine the adjusted balance of the trade accounts receivable as of December 31, 2018.Select one:a.P1,447,500b.P1,485,000c.P1,147,500d.P1,522,500