Question details

Dig, Inc solution
$ 15.00

Project Description:

Must Solve these two questions and show the work as well.

1. Given the following list of accounts, calculate Total Assets using: 
Accounts Receivable $ 5,000
Capital Stock 20,000
Cash 19,300
Equipment 15,400
Fees Earned 44,400
Miscellaneous Expense 18,200
Rent Expense 4,150
Retained Earnings 6,550
Wages Expense 13,90

Possible answers

A 39700
B 46250
C 59700
D 84100



2. What is the total cost of merchandise purchased for Dig, Inc. if they had the following merchandise transactions in October: Purchases - $50,000, Purchase returns - $4,000, Purchase discounts - $1,000, Transportation in - $2,000?

Possible answers

A 47000
B 48000
C 50000
D 52000

 

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