- 1 Calculate The Current Ratio Show Your Work 2 Calculate The Quick Ratio 3 Calculate Fixed Assets To Long Term Deb 1 (15.61 KiB) Viewed 27 times
- 1 Calculate The Current Ratio Show Your Work 2 Calculate The Quick Ratio 3 Calculate Fixed Assets To Long Term Deb 2 (15.61 KiB) Viewed 27 times
- 1 Calculate The Current Ratio Show Your Work 2 Calculate The Quick Ratio 3 Calculate Fixed Assets To Long Term Deb 3 (26.89 KiB) Viewed 27 times
Below is a list of Accounts, and their amounts that you would see on the Balance Sheet and Income Statement of a Skating Rink business With the forms provided, prepare the company's Balance Sheet and Income Statement Cash on Hand (Cash Box) $ 1,000 Cash in Bank 20,000 Accounts Payable 4,000 Snack Bar Sales 23,000 Taxes & Licenses Expense 15,000 Snack Bar Equipment 4,500 Current Portion of Long-term Debt 21,500 Wages Expense 30,000 Accumulated Depreciation 40,000 Utilities Expense 16,000 Skate Rental Income 160,000 Land 35,000 Building 300,000 Auto Expense 9,000 Insurance Expense 18,000 Depreciation Expense 7,000 Repairs & Maintenance Expense 3,000 Accounts Receivable 500 Advertising Expense 2,000 Cost of Merchandise Sold 12.000 Notes Payable - TOTAL 100,000 Office Supplies Expense 1,000 Furniture 5,000 Interest Expense Dividends 25,000 Telephone Expense 4,000 Skates for Rental 6,000 Retained Earnings 255,000 Loss on Sale of Equipment 5,000 Snack Inventory 2.000 8,000