http://www.thinkbabynames.com/meaning/1/Geronimo WebCompany DSO = Receivables / Sales per day = 39.51 Credit period 30 DSO - Credit period = Days late 9.51 Han Corp's sales last year were $485,000, and its year-end receivables were $52,500. The firm sells on terms that call for customers to pay 30 days after the purchase, but some delay payment beyond Day 30.
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WebJul 31, 2024 · The net accounts receivable balance is comprised of the following two items: (a) accounts receivable $44,000 and (b) allowance for doubtful accounts $3,500 … Webanswer below ». (Corrections of a Balance Sheet) The bookkeeper for Geronimo Company has prepared the following balance sheet as of July 31, 2014. The following additional information is provided. 1. Cash includes $1,200 in a petty cash fund and $15,000 in a bond sinking fund. 2.
WebJul 31, 2014 · Geronimo Company, however, had set up a cash fund to meet this obligation. This cash fund was not included in the cash balance, but was offset against the income taxes payable amount. Prepare a corrected classified balance sheet as of July 31, 2014, from the available information, adjusting the account balances using the additional … WebDec 31, 2024 · Lozano Chip Company: Balance Sheet as of December 31, 2024 (Thousands of Dollars) Cash $ 230,000 Accounts payable $ 600,000 Receivables 1,575,000 Notes payable 100,000 Inventories 1,115,000 Other current liabilities 530,000 Total current assets $2,920,000 Total current liabilities $1,230,000 Net fixed assets 1,345,000 Long …
WebJul 31, 2014 · Geronimo Company Balance Sheet Assets Current assets Cash ($ 69,000 less $ 15,000 add $ 6,000) $ 60,000 Accounts receivable $ 44,000 less: inventory consigned recognized as receivables $ -5,300 Less: Allowance for doubtful accounts $ -3,500 $ 35,200... Solution.pdf Didn't find what you are looking for? Ask a new question Previous … Web9. The second set of debit and credit columns on a work sheet is generally used for . a. closing entries. b. the trial balance. c. the balance sheet figures. d. the adjustments. 10. Geronimo Company had net sales of $400,000, cost of goods sold of $225,000 and other operating expenses of $100,000. The company’s gross profit is . a. $225,000 ...
WebJul 31, 2014 · Balance Sheet, As of July 31, 2014 ASSETS Current Assets Cash $58,800 Petty Cash $1200 Accounts Receivable $38,700 Less: Allowance for doubtful Accounts ($3500) Net Accounts Receivable $35,200 Inventory $65,300 TOTAL CURRENT ASSETS 160500 Long term assets Bond... solution .pdf Do you need an answer to a question …
WebGeronimo Company Balance Sheet July 31, 2008 0,500 Long-term liabilities 84,000 Cash 69,000 Notes and accounts payable 44,000 75,000 155,500 Accounts receivable (net … community pharmacy hartford ctWebApr 12, 2024 · Looking at the Balance Sheet, we see that Sarah owes the company $5,000, so the shareholder loan balance will be recorded as an asset. If Sarah decides to repay the loan, the company will receive the $5,000, and the shareholder loan balance will no longer be recorded as an asset on the balance sheet. In other words, the balance … easy to make tailgate foodWebApr 2, 2024 · While this equation is the most common formula for balance sheets, it isn’t the only way of organizing the information. Here are other equations you may encounter: Owners’ Equity = Assets - Liabilities. Liabilities = Assets - Owners’ Equity. A balance sheet should always balance. Assets must always equal liabilities plus owners’ equity. easy to make table decorationsWebMar 14, 2024 · The balance sheet is based on the fundamental equation: Assets = Liabilities + Equity. Using this template, you can add and remove line items under each of the buckets according to the business: current assets, long-term assets, current liabilities, long-term liabilities, and equity. easy to make thank you cardWebJul 31, 2014 · Get the detailed answer: The bookkeeper for Geronimo Company has prepared the followingbalance sheet as of July 31, 2014. GERONIMO COMPANYBALANCE SHEETAS ... GERONIMO COMPANY BALANCE SHEET AS OF JULY 31, 2014. Cash: $ 72,170: Notes and accounts payable: $ 48,240: Accounts … community pharmacy health checkWebDec 31, 2024 · Business Finance Barry Computer Company: Balance Sheet as of December 31, 2024 (In Thousands) $ 77,500 Accounts payable Cash $129,000 Receivables 336,000 Other current liabilities 117,000 Inventories 241,500 Notes payable to bank 84,000 Total current assets $ 655,000 Total current liabilities $330,000 Long-term debt 256,500 … community pharmacy hkWebMar 13, 2024 · Reading a balance sheet is important in determining the financial health of a company. The balance sheet, also known as the statement of financial position, is one of the three key financial statements. It summarizes a company’s financial position at a point in time. The balance sheet is unlike the other key financial statements that ... community pharmacy highlands