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The following account balances were taken from ABC Company’s accounting records at December 31, 2008:
Accounts Payable ............ $58,000Accounts Receivable ......... $64,000Advertising Expense ......... $14,000Building .................... $54,000Cash ........................ $30,000Common Stock ................ $94,000Cost of Goods Sold .......... $45,000Dividends ................... $12,000Equipment ................... $68,000Income Tax Expense .......... $17,000Interest Revenue ............ $36,000Inventory ................... $62,000Notes Payable ............... $82,000Rent Expense ................ $10,000Retained Earnings ........... $40,000 (at January 1, 2008)Sales Revenue ............... $99,000Salaries Expense ............ $22,000Salaries Payable ............ $13,000Supplies .................... $19,000Trademark ................... $32,000Unearned Revenue ............ $27,000
ABC Company has not yet recorded year-end adjusting entries related to the following two items:
(1) Based on a physical count, ABC Company determined there were only $10,000 of supplies stillon hand and available to be used as of December 31, 2008.
(2) The unearned revenue relates to a $27,000 payment from a customer received on May 1, 2008for work to be performed each month for the next 18 months.
Calculate the total assets reported in ABC Company's balance sheet at December 31, 2008 afterthe appropriate adjusting entries have been recorded and posted. Do not use decimals in youranswer.

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Beverley Smith
Beverley SmithLv2
28 Sep 2019
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The following selected account balances were taken from BuckeyeCompany's general ledger at January 1, 2008 and December 31,2008:

January 1, 2008 December 31, 2008

Inventory 59,000 41,000
Accounts payable 52,000 71,000
Mortgage payable 120,000 95,000
Salaries payable 9,000 3,000
Investments 75,000 68,000
Accounts receivable 63,000 96,000
Land 58,000 88,000
Common stock 100,000 180,000
Retained earnings 22,000 34,000

The following information was taken from Buckeye Company's 2008income statement:

Sales revenue $420,000
Cost of goods sold 300,000
Salaries expense 88,000
Loss on sale of investments 6,000
Net income $ 26,000

Calculate the net cash flow from financing activities for 2008. Ifyour answer is negative, place a minus sign in front of your answerwith no spaces in between (e.g., -1234). Do not use decimals inyour answer.
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