Dear Professor
Garreis,
Thank you for your
reply and corrections of my English.
I will answer your
last question.
[Homework]
|
Beach Toys, Inc. |
|||
|
Balance Sheet |
|||
|
January 10, 2007 |
|||
|
ASSETS |
LIABILITIES |
$ 0 |
|
|
Current Assets |
|
||
|
Cash |
$ 20,000 |
||
|
Long-term assets |
|||
|
Land |
$ 10,000 |
||
|
Building |
$ 60,000 |
STOCKHOLDERS' EQUITY |
|
|
Total Long-term Assets |
$ 70,000 |
Common stock, 9,000 shares, $ 10 par |
$ 90,000 |
|
TOTAL ASSETS |
$ 90,000 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
$ 90,000 |
1. What is the new cash value on
the balance sheet?
→ The new cash value is twenty thousand dollars.
Correct!
2. What is the new value of the long-term assets?
→ The new value of the long-term assets is seventy thousand dollars.
Correct!
3. What is the new
value of the total assets?
→ The new value of the total assets is ninety thousand dollars.
Correct!
4. What is the new
value of the total liabilities and stockholders' equity?
→ The new value of the total liabilities and stockholders' equity is ninety thousand dollars.
Correct!
5. How easy was this
lesson for you?
→ The accounting lesson was somewhat easy.
The English lesson was very hard, but I have never been this happy.
6. Please send me the Japanese translation for the following words. Please write the words in romajii.
Thank you for the vocabulary list.
I'm waiting for your
reply.
Sincerely,
Masa