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
24,981,087 questions answered
Popular Conversations
What occurred while the surface rocks of the Moon were impacted, ...
Weegy: Bombardment by meteoroids formed the highlands t occurred while the surface rocks of the Moon were impacted, ...
4/29/2016 11:54:26 AM| 3 Answers
Who issued the "Grito de Dolores"? Vicente Guerrero Miguel ...
Weegy: When it was a French colony, Haiti was called St. Domingue. User: Simón Bolívar declared Brazil's ...
4/29/2016 1:50:52 PM| 3 Answers
Philosophical semantics is also known as _____. general ...
Weegy: Philosophical semantics is also known as GENERAL SEMANTICS. User: Frozen language occurs only in ...
4/29/2016 1:47:54 PM| 2 Answers
9/11 + 3/4 = User: 4/10 ÷ 1/3 =
4/29/2016 2:49:26 PM| 2 Answers
Tax incidence is concerned with:
Weegy: True! User: The term that describes how markets regulate themselves is known as:
4/29/2016 3:53:11 PM| 2 Answers
For place values that occur to the left of the decimal point, each ...
Weegy: For place values that occur to the left of the decimal point, each place value is ten times smaller than the ...
4/29/2016 6:27:04 PM| 2 Answers
Weegy Stuff
S
Points 924 [Total 924] Ratings 22 Comments 684 Invitations 2 Online
S
1
L
L
P
R
P
L
P
Points 300 [Total 12252] Ratings 2 Comments 270 Invitations 1 Offline
S
L
P
P
P
Points 231 [Total 3377] Ratings 0 Comments 231 Invitations 0 Offline
S
Points 136 [Total 136] Ratings 3 Comments 106 Invitations 0 Offline
S
Points 47 [Total 47] Ratings 4 Comments 7 Invitations 0 Online
S
Points 43 [Total 56] Ratings 4 Comments 3 Invitations 0 Offline
S
Points 20 [Total 20] Ratings 2 Comments 0 Invitations 0 Offline
S
Points 20 [Total 52] Ratings 2 Comments 0 Invitations 0 Offline
S
Points 16 [Total 69] Ratings 0 Comments 16 Invitations 0 Offline
S
Points 14 [Total 19] Ratings 0 Comments 14 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.