ACC 205 Week 1 Exercise 2 Basic computations

ACC 205 Week 1 Exercise 2 Basic computations

1.Basic computations. The following selected balances were extracted from the accounting records of Rossi Enterprises on December 31, 20X3:


Accounts Payable $3,200 Interest Expense $2,500


Accounts Receivable 14,800 Land 18,000


Auto Expense 1,900 Loan Payable 40,000


Building 30,000 Tax Expense 3,300


Cash 7,400 Utilities Expense 4,100


Fee Revenue 56,900 Wage Expense 37,500


  1. Determine Rossi’s total assets as of December 31.


  1. Determine the company’s total liabilities as of December 31.


  1. Compute 20X3 net income or loss.



Follow this link to get a similar paper written from scratch
Place an order for this assignment or any other paper with us. We guarantee that the paper will be delivered within the specified deadline. We also have a personalized customer support and you will be able to communicate with your writer throughout the order preparation process. Thank you for choosing us.


Have troubles with paper writing? You’ve found the right paper writing company! We are the leading essay writing services that provides quality papers for a reasonable price. On our website, you can order various assignments. Our work is 100% original. We write your essay from scratch, according to the exact specifications of your assignment. We guarantee it will pass any plagiarism check

Get Your Papers Completed by Expert Writers

Order essays, term papers, research papers, reaction paper, research proposal, capstone project, discussion, projects, case study, speech/presentation, article, article critique, coursework, book report/review, movie review, annotated bibliography, or another assignment without having to worry about its originality – we offer 100% original content written completely from scratch


Related Posts

© All Right Reserved