1 answer

What does it mean the assets are not entered in the correct order ? Income Staten...

Question:

Income Staten Labels and Amount Descriptions In Balance Sheet 3. Prepare a balance sheet as of December 31, 2019. Refer to the lists of Accounts, La for text entries. Be sure to complete the statement heading Nordic Travel Agency Score: 68/75 Balance Sheet December 31, 2019 Assets $285,000.00 190,500.00 544,000.00 5,500.00 2Accounts receivable s Cash Land Supplies Row Group The Assets are not entered in the correct order. 8. Accounts payable $69,500.00 All work saved
Labels and Amount Descriptions ncome Statement Statement of Owners Equity Balance Sheet Final Question amounts of the assets and liabilities of Nordic Travel Agency at December 3 lan Eisele, owner, was $670,000 on January 1,2019, the beginning of the year 1,2019, the end of the year, and its tevwenue and expenses tor . During the year, lan withdrew $42,000 the year tollow The capitat o Accounts Accounts payable Accounts receivable $ 69,500 285,000 190,500 912,500 544,000 6,400 36,000 5,500 4,100 28,500 Fees eaned Land Miscellaneous expense Rent expense Supplies expense Utilities expense Wages expense 510,000 Required: Next
What does it mean the assets are not entered in the correct order ?
Income Staten Labels and Amount Descriptions In Balance Sheet 3. Prepare a balance sheet as of December 31, 2019. Refer to the lists of Accounts, La for text entries. Be sure to complete the statement heading Nordic Travel Agency Score: 68/75 Balance Sheet December 31, 2019 Assets $285,000.00 190,500.00 544,000.00 5,500.00 2Accounts receivable s Cash Land Supplies Row Group The Assets are not entered in the correct order. 8. Accounts payable $69,500.00 All work saved
Labels and Amount Descriptions ncome Statement Statement of Owner's Equity Balance Sheet Final Question amounts of the assets and liabilities of Nordic Travel Agency at December 3 lan Eisele, owner, was $670,000 on January 1,2019, the beginning of the year 1,2019, the end of the year, and its tevwenue and expenses tor . During the year, lan withdrew $42,000 the year tollow The capitat o Accounts Accounts payable Accounts receivable $ 69,500 285,000 190,500 912,500 544,000 6,400 36,000 5,500 4,100 28,500 Fees eaned Land Miscellaneous expense Rent expense Supplies expense Utilities expense Wages expense 510,000 Required: Next

Answers

Balance sheet
Cash 190500
Accounts receivable 285000
Land 544000
Supplies 5500
Total assets 1025000
Liabilities and stockholders equity
Accounts payable 69500
Eiseie capital 955500
Total liabilities and stockholders equity 1025000
.

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