Problem 2.5A Preparing a Balance Sheet; Effects of a Change in Assets HERE COMES THE TIGERS! is the name of a traveling circus.

Problem 2.5A Preparing a Balance Sheet; Effects of a Change in Assets HERE COMES THE TIGERS! is the name of a traveling circus.The ledger accounts of the business at June 30, 2002, are listed here in alphabetical order: Accounts Payable………………$ 4,100 Notes Payable………………….$120,000 Accounts Receivable……………22,000 Notes Receivable………………….8,200 Animals……………………………250,000 Props and Equipment…………..92,000 Cages…………………………………20,000 Retained Earnings……………….54,700 Capital Stock…………………….350,000 Salaries Payable……………………8,090 Cash…………………………………………..? Tents………………………………….43,000 Costumes……………………………17,000 Trucks & Wagons………………110,240 Instructions a.Prepare a balance sheet by using these items and computing the amount of Cash at June 30, 2002.(After “Accounts Receivable,” you may list the remaining assets in any order.) Include a proper balance sheet heading. b.Assume that late in the evening of June 30, after your balance sheet had been prepared, a fire destroyed one of the tents, which had cost $8,000.The tent was not insured.Explainwhat charges would be required in your June 30 balance sheet to reflect the loss of thisasset.

Show more

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more