At the beginning of 2021, artichoke academy reported a balance in common stock of $150,000 and a balance in retained earnings of $50,000. during the year, the company issued additional shares of stock for $40,000, earned net income of $30,000, and paid dividends of $10,000. in addition, the company reported balances for the following assets and liabilities on december 31. assets liabilities cash $ 52,600 accounts payable $ 9,100 supplies 13,400 utilities payable 2,400 prepaid rent 24,000 salaries payable 3,500 land 200,000 notes payable 15,000 required: prepare a statement of stockholders’ equity. prepare a balance sheet.

Acompany factory is considered which type of resource a.land b.physical capital c.labor d.human capital

Fanning books buys books and magazines directly from publishers and distributes them to grocery stores. the wholesaler expects to purchase the following inventory: april may june required purchases (on account) $ 111,000 $ 131,000 $ 143,000 fanning books accountant prepared the following schedule of cash payments for inventory purchases. fanning books suppliers require that 85 percent of purchases on account be paid in the month of purchase; the remaining 15 percent are paid in the month following the month of purchase. required complete the schedule of cash payments for inventory purchases by filling in the missing amounts. determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter.

Brian has been working for a few years now and has saved a substantial amount of money. he now wants to invest 50 percent of his savings in a bank account where it will be locked for three years and gain interest. which type of bank account should brian open? a. savings account b. money market account c. checking account d. certificate of deposit