1- Below is a partial list of account balances:
Prepaid rend $ 1,300
Accound Receivable $7,000
Account Payable $5,000
Notes Payable $9,000
Common Stock $22,000
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