Completion of Balance Sheet

question 31

Essay

Completion of balance sheet
Use the following information to complete the December 31,2014 balance sheet of Copper Supplies Company.
(1)Owners' equity as of January 1,2014,totaled $175,000,which included capital stock of $150,000.
(2)Additional capital stock was issued during 2014 in exchange for $40,000 cash.
(3)Net income for 2014 amounted to $200,000; no dividends were paid during 2014.
(4)Cash and accounts receivable together amount to 3 times as much as accounts payable.

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Definitions:

Ethnolinguistic Research

The study of the relationship between language and culture, and how they influence and reflect the identity of ethnic groups.

Displacement

The forced movement of people from their locales or countries due to war, persecution, or natural disasters.

Whistled Speech

is a form of communication that uses whistling to emulate speech and is used in various cultures around the world, especially in environments where long-distance communication is necessary.

Acoustic Space

An environmental area defined by the way sound is transmitted in it, influencing how sounds are heard and perceived.