4 questions below | Business & Finance homework help

1- Below is a partial list of account balances:

 

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Cash                          $12,000

Prepaid rend              $ 1,300

Accound Receivable   $7,000

Account Payable          $5,000

Notes Payable              $9,000

Common Stock            $22,000

Dividends                    $2,000

Revenues                   $45,000

Expenses                    $35,000

 

What is the total debits? 

 

2- equipment was purchased for $85,000 freight charges amounted to $2,550 and there was a cost of $10,000 for building a foundation and istalling the equipment. It is estimated that the equipment will have a $5,000 salavage valueat the end of its 6 year useful life. Depreciation expense each year using the straight line method will be? 

 

3- when the market rate of interest is equal to the states rate of interest on the bond, the bond will require: 

-A debit to discount on bonds payable

-a credit to discount on bonds payable

-A credit to Bonds Payable 

– A Debit to bonds payable 

 

4- which of the following is typically analyzed via financial statement ratio analysis?

-the design of a new product

-The internal control failure rate 

The leverage of the firm

-The effectiveness of a marketing campaign

 

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