The accounts of Bolton Travel at December 31, 2017, are listed below in alphabetical order 1. Prepare the companys classified balance sheet in report format at December 31, 2017. All adjustments have been journalized and posted but the closing entries have not yet been made. 2. Fompute Boltons Travel current ratio and debt ratio at December 31, 2017. At December 31, 2016, the current ratio was 1.52 and the debt ratio was 0.37. Did Bolton Travels ability to pay both current and total debts to. Improve or deteriorate during 2017? using as the punts Prepare a classified balance sheet in report format and calculate ratios 56 Total assets 5388,300 nding Utilities expense 7,906 2,580 Supplies expense 2,148 Total $232,924 $232,924 Problem 4-7A The accounts of Bolton Travel at December 31, 2017, are listed below in alphabetical order: Accounts Payable....................... 15,300 Interest Payable............... $ 4,300 Sccounts Receivable................... 19,800 Interest Receivable................... 1,600 Accumulated Land.. 62,500 Amortization-Building.......... 113,400 Notes Payable, Accumulated Amortization Long-term 91,400 Furniture......... 34,800 Notes Receivable, Advertising Expense.................... 6,600 Long-term... 12,500 Amortization Expense............. 3,900 Other Assets ................... 9,300 Building............................... 313,200 Other Current Liabilities....... 14,100 Cash................ 25,000 Prepaid Insurance.................. 3,300 Commission Revenue ........... 280,500 Prepaid Rent......................... 12,700 E. Bolton, Capital 209,400 Salary Expense........................ 73,800 E. Bolton, Withdrawals............. 143,800 Salary Payable.................... 6,700 Furniture.............................. 68,100 Supplies 8,500 Insurance Expense................ 2,400 Supplies Expense................... 17,100 Unearned Commission Revenue 14,200 Fiscal nded t for KU - the pay Required 1. Prepare the companys classified balance sheet i
The accounts of Bolton Travel at December 31, 2017, are listed below i
The accounts of Bolton Travel at December 31, 2017, are listed below in alphabetical order 1. Prepare the companys classified balance sheet in report format at December 31, 2017. All adjustments have been journalized and posted but the closing entries have not yet been made. 2. Fompute Boltons Travel current ratio and debt ratio at December 31, 2017. At December 31, 2016, the current ratio was 1.52 and the debt ratio was 0.37. Did Bolton Travels ability to pay both current and total debts to. Improve or deteriorate during 2017? using as the punts Prepare a classified balance sheet in report format and calculate ratios 56 Total assets 5388,300 nding Utilities expense 7,906 2,580 Supplies expense 2,148 Total $232,924 $232,924 Problem 4-7A The accounts of Bolton Travel at December 31, 2017, are listed below in alphabetical order: Accounts Payable....................... 15,300 Interest Payable............... $ 4,300 Sccounts Receivable................... 19,800 Interest Receivable................... 1,600 Accumulated Land.. 62,500 Amortization-Building.......... 113,400 Notes Payable, Accumulated Amortization Long-term 91,400 Furniture......... 34,800 Notes Receivable, Advertising Expense.................... 6,600 Long-term... 12,500 Amortization Expense............. 3,900 Other Assets ................... 9,300 Building............................... 313,200 Other Current Liabilities....... 14,100 Cash................ 25,000 Prepaid Insurance.................. 3,300 Commission Revenue ........... 280,500 Prepaid Rent......................... 12,700 E. Bolton, Capital 209,400 Salary Expense........................ 73,800 E. Bolton, Withdrawals............. 143,800 Salary Payable.................... 6,700 Furniture.............................. 68,100 Supplies 8,500 Insurance Expense................ 2,400 Supplies Expense................... 17,100 Unearned Commission Revenue 14,200 Fiscal nded t for KU - the pay Required 1. Prepare the companys classified balance sheet i
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