The adjusted trial balance for anara co. as of december 31, 2013,

The adjusted trial balance for Anara Co. as of December 31, 2013, follows.

ANARA COMPANY

Adjusted Trial Balance

December 31, 2013

No. Account Title                                                                                    Debit                                                 Credit

101         Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $       7,400

104         Short-term investments . . . . . . . . . . . . . . . . . . . . .               11,200

126 Supplies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .          4,600

128 Prepaid insurance . . . . . . . . . . . . . . . . . . . . . . . . . .         1,000

167 Equipment   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .       24,000

168 Accumulated depreciation—Equipment  . . . . . . . .                                                                               $   4,000

173 Building . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .       100,000

174 Accumulated depreciation—Building   . . . . . . . . . .                                                                                   10,000

183 Land  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .         30,500

201 Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . .                                                                                         3,500

 

(Cont…)

 

Additional Information

P. Anara invested $40,000 cash in the business during year 2013 (the December 31, 2012, credit  balance of

the P. Anara, Capital account was $52,800). Anara Company is required to make a $8,400 payment on its

long-term notes payable during 2014.

Required: show in good form in Excel

 1.  Prepare the income statement and the statement of owner’s equity for the calendar year 2011 and the classified balance sheet at December 31, 2013.

 2.  Prepare the necessary closing entries at December 31, 2013.

 3.  Use the information in the financial statements to calculate these ratios: (a) return on assets  (total assets at December 31, 2012, were $160,000), (b) debt ratio, (c) profit margin ratio (use total  revenues as the denominator), and (d) current ratio.

 







Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10