Question and answer
Metzger Company compiled the following financial information as of December 31, 2010: Revenues $140,000 Metzger, Capital (1/1/10) 70,000 Equipment 40,000 Expenses
125,000 Cash 35,000 Metzger, Drawings 10,000 Supplies 5,000 Accounts payable 20,000 Accounts receivable 15,000 Metzger's assets on December 31, 2010 are $235,000. $170,000. $80,000. $95,000
Metzger's assets on December 31, $95,000
Question|Rated bad
Asked 10/10/2011 7:14:05 PM
Updated 10/10/2011 7:19:51 PM
1 Answer/Comment
Get an answer
New answers
Rating
5
Metzger's assets on December 31, $95,000
Added 10/10/2011 7:19:51 PM
This answer has been added to the Weegy Knowledgebase
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
The accounting equation for Gudgeyes Enterprises is as follows: Assets Liabilities Owner's Equity $120,000 = $60,000 + $60,000 If Gudgeyes purchases office equipment on account for $12,000, the accounting equation will change to Assets Liabilities Owner's Equity $120,000 = $60,000 + $60,000 $132,000 = $66,000 + $66,000 $132,000 = $60,000 + $72,000 ...
Weegy: If Gudgeyes purchases office equipment on account for $12,000, the accounting equation will change to $132,000 = $72,000 + $60,000 Assets (office equipment) increase by $12,000. [ Liabilities (accounts payable) increase by $12,000 and Owners equity remains the same. ] (More)
Question
Expert Answered
Asked 10/10/2011 6:40:55 PM
0 Answers/Comments
The accounting equation for Gudgeyes Enterprises is as follows: Assets Liabilities Owner's Equity $120,000 = $60,000 + $60,000 If Gudgeyes purchases office equipment on account for $12,000, the accounting equation will change to Assets Liabilities Owner's Equity $120,000 = $60,000 + $60,000 $132,000 = $66,000 + $66,000 $132,000 = $60,000 + $72,000 ...
Question
Not Answered
Updated 10/10/2011 7:04:45 PM
1 Answer/Comment
If Gudgeyes purchases office equipment on account for $12,000, the accounting equation will change to $132,000 = $72,000 + $60,000 Assets (office equipment) increase by $12,000. Liabilities (accounts payable) increase by $12,000 and Owners equity remains the same.
Added 10/10/2011 7:04:45 PM
This answer has been added to the Weegy Knowledgebase
Which of the following is not a characteristic of the cost principle? Objectivity. Subjectivity. Verifiability. Reliability.
Weegy: the answer is b. subjectivity (More)
Question
Expert Answered
Asked 10/10/2011 6:36:56 PM
0 Answers/Comments
25,613,023 questions answered
Popular Conversations
Cancer is a disease of ____________________
Weegy: Cancer is disease caused by an uncontrolled division of abnormal cells in a part of the body. User: ...
6/24/2016 3:16:51 AM| 3 Answers
The kingdom Animalia includes all of these except A. ...
Weegy: Sponge lacks nervous tissue. User: Many bivalves, like scallops, live in salt water. The scallop ...
6/24/2016 4:21:37 AM| 3 Answers
The three types of muscle are skeletal muscle, smooth muscle, and ...
Weegy: Cardiac muscles are considered smooth muscles. FALSE. User: Which of the following is NOT true about the ...
6/23/2016 5:33:35 AM| 2 Answers
Select the correct product. (x + 8)(y + 3) xy + 8x + 3y + 24 xy + ...
Weegy: 3x+8y+24 User: Find the product. (y^3)^2 · y^7 y^17 y^12 y^42 y^13
6/23/2016 8:14:23 AM| 2 Answers
What is the equation of the line with m = 3 and b = 8.25? A. y = ...
Weegy: The equation of the line passing through the points ( 2, 2) and (3, 1) is y - 2 = -3/5(x + 2) . slope = (- 1 - ...
6/23/2016 10:16:53 AM| 2 Answers
Weegy Stuff
S
P
L
Points 803 [Total 1464] Ratings 2 Comments 783 Invitations 0 Offline
S
Points 331 [Total 692] Ratings 2 Comments 311 Invitations 0 Offline
S
L
P
P
P
Points 151 [Total 3694] Ratings 0 Comments 151 Invitations 0 Offline
S
Points 135 [Total 416] Ratings 0 Comments 135 Invitations 0 Offline
S
Points 127 [Total 179] Ratings 0 Comments 127 Invitations 0 Offline
S
P
1
Points 107 [Total 852] Ratings 3 Comments 57 Invitations 2 Offline
S
L
Points 68 [Total 4188] Ratings 0 Comments 68 Invitations 0 Offline
S
Points 40 [Total 50] Ratings 1 Comments 30 Invitations 0 Offline
S
Points 32 [Total 139] Ratings 0 Comments 32 Invitations 0 Offline
S
1
L
L
P
R
P
L
P
P
R
Points 29 [Total 12596] Ratings 0 Comments 29 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.