The adjusted trial balance for DVD Concepts at December 31, 2014, is as follows: Instructions
a. Calculate the balance of J. Yan, Capital that would appear on a balance sheet at December 31, 2014.
b. Prepare a classified balance sheet for DVD Concepts at December 31, 2014 assuming the note payable is payable on November 30, 2016.
c. Calculate working capital and the current and acid-test ratios for DVD Concepts.

Question

The adjusted trial balance for DVD Concepts at December 31, 2014, is as follows:  Instructions 
a. Calculate the balance of J. Yan, Capital that would appear on a balance sheet at December 31, 2014.
b. Prepare a classified balance sheet for DVD Concepts at December 31, 2014 assuming the note payable is payable on November 30, 2016.
c. Calculate working capital and the current and acid-test ratios for DVD Concepts.

Quizplus · Accepted Answer

The Answer of The adjusted trial balance for DVD Concepts at December 31, 2014, is as follows:  Instructions 
a. Calculate the balance of J. Yan, Capital that would appear on a balance sheet at December 31, 2014.
b. Prepare a classified balance sheet for DVD Concepts at December 31, 2014 assuming the note payable is payable on November 30, 2016.
c. Calculate working capital and the current and acid-test ratios for DVD Concepts.

The Adjusted Trial Balance for DVD Concepts at December 31