题目
BACC011 Week 5: Practice Quiz
多重下拉选择题
Here is the trial balance information for Joy Sales for the year ended 30 June 2023. Use this information to fill in the blanks and calculate total equity. Accounts payable 6,000 Accounts receivable 40,000 Bank loan 200,000 Cash 30,000 Cost of sales (140,000) Dividends (11,200) Insurance expense (5,000) Interest expense (6,000) Inventory 152,400 Prepaid insurance 12,800 Equipment 464,400 Retained earnings, opening balance 117,800 Revenues 397,860 Share capital 182,540 Selling expense (4,600) Unearned revenue 25,600 Wages expense (69,200) Wages payable 5,800 Share capital [ Select ] 11,200 117800 173,060 182,540 Retained earnings calculation: Retained earnings opening balance 117,800 + Net profit [ Select ] 257,860 397,860 173,060 84,800 342,660 Dividends [ Select ] 117,800 173,060 (11,200) 182,540 Retained earnings closing balance [ Select ] 279,660 290,860 117,800 Total equity = share capital + retained earnings closing balance [ Select ] 462,200 117,800 279,660 182,540
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思路分析
Here is how to approach filling in the blanks and calculating total equity from Joy Sales' trial balance for the year ended 30 June 2023.
First, identify the equity components available in the trial balance. The balance sheet items that represent equity in this problem are share capital and retained earnings (opening balance plus net profit minus dividends).
Share capital options: The correct share capital figure should match the given balance in the trial balance for share capital. Among the options provided, 182,540 is the actual share capital balance, so selecting......Login to view full explanation登录即可查看完整答案
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