Pratt Corporation started the Year 2 accounting period with total assets of $31,000 cash, $12,500 of liabilities, and $6,000 of retained earnings. During the Year 2 accounting period, the Retained Earnings account increased by $8,550. The bookkeeper reported that Pratt paid cash expenses of $26,500 and paid a $2,100 cash dividend to stockholders, but she could not find a record of the amount of cash revenue that Pratt received for performing services. Pratt also paid $4,000 cash to reduce the liability owed to a bank, and the business acquired $6,900 of additional cash from the issue of common stock. Assume all transactions are cash transactions. Problem 1-33A (Algo) Part e e. Determine the percentage of total assets that were provided by creditors, investors, and earnings. (Round your answers to 2 decimal places.)
It’s that simple.Pay only when you are satisfied.
Get Personalized Homework Help
Improve Your Grades Today
How It Works
1-Send us your Assignment requirements, attach and deadline for submission.
2-You will get a confirmation from us with a price quote.Pay us and be relax.
3-Your Completed task will be e mailed to you before agreed time.
Submit Your Assignment/Essay/Discussion/Term Paper/Final Exam or CaseStudy Detail
Send your academic problems,
Get instant Help only at Writerscampus!