The account balances for Atlantis Aquatics, Inc., for the year ended August 31, 2018, are presented below in random orde

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The Account Balances For Atlantis Aquatics Inc For The Year Ended August 31 2018 Are Presented Below In Random Orde 1 (41.11 KiB) Viewed 10 times

The Account Balances For Atlantis Aquatics Inc For The Year Ended August 31 2018 Are Presented Below In Random Orde 2 (49.06 KiB) Viewed 10 times

The account balances for Atlantis Aquatics, Inc., for the year ended August 31, 2018, are presented below in random order: (Click the icon to view the account balances listing.) Net income for the year amounted to $55,600. Read the requirement. Assets Current Assets: Cash Accounts receivable Inventory Estimated inventory returns Supples Prepaid rent Total current assets Long-Term Assets Building Less Accumulated depreciation, building Equipment Less Accumulated depreciation, equipment Total assets Balance Sheet August 31, 2018 $ 6,900 6,300 3,100 2,500 1,300 3,300 155.000 39,000 9.000 0.600 $ 23,400 116,000 200 $ 139,600 Total abilities Liabilities Stockholders' Equity CAFFE Total stockholders' equity Total liabilities and stockholders' equity
August 31, 2018, are presented below in random order: Data table Cash Equipment Accounts payable Common stock $ 6,900 9,800 6,800 45,000 35,000 Sales revenue 20,600 Accounts receivable 3,300 Accumulated depreciation, 1,300 building 155,000 Mortgage payable (long-term) Long-term notes payable General expenses Salaries payable Supplies Building Estimated refund liability ..... Prepaid rent Interest expense Retained earnings ******* Cost of goods sold Accumulated depreciation, equipment. Print Unearned revenues **** 3,900 Dividends 3,300 Estimated inventory returns Selling expenses 1,000 14,000 Inventory ***** WA Done ******* **** ..I. **** $ - X 126,300 9,600 3,500 247,000 6,300 39,000 20,500 48,000 2,500 43,500 3,100