Homework Answers
Using simple mathematics and taking into account the short term and long term assets the missing values can be calculated as show in the below image.
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Fill in the missing numbers on the balance sheet. (2 points each) Balance Sheet At December...
15-30 Simple Balance Sheet Fill in the missing numbers from the following simple balance sheet for...
15-30 Simple Balance Sheet Fill in the missing numbers from the following simple balance sheet for Cabo Company: Assets Liabilities and Stockholders' Equity $ 10,000 Cash Accounts receivable Plant and equipment Total assets $ ? 15,000 75,000 $100,000 Accounts payable Long-term debt Stockholders' equity Total Liabilities and stockholders' equity $ 45,000 $
This is cost course. 15-30 Simple Balance Sheet Fill in the missing numbers from the following...
This is cost course.
15-30 Simple Balance Sheet Fill in the missing numbers from the following simple balance sheet for Cabo Company: Assets Cash Accounts receivable Plant and equipment Total assets $ ? 15,000 75,000 $100,000 Liabilities and Stockholders' Equity Accounts payable $ 10,000 Long-term debt Stockholders' equity $ 45,000 Total Liabilities and stockholders' equity
Balance Sheet: Use the following financial information to prepare a balance sheet: Burger Shack, Inc.; Balance...
Balance Sheet: Use the following financial information to prepare a balance sheet: Burger Shack, Inc.; Balance Sheet Inventory 335,000 Accounts Receivable Accounts Payable 40.000 Buildings Furniture and Fixtures 16,000 Trademark Mortgage 325,000 Note Payable (6 month) Equipment and Vehicles 40,000 Retained Earnings Notes Receivable (3 month) 50,000 Land Common Stock (1,000,000 shares) 100,000 Cash Salaries Payable 90,000 192,000 110,000 20,000 150,000 113,000 40,000 15,000 Assets Current Assets Total Current Assets Fixed Assets Total Fixed Assets Intangible Assets Total Intangible Assets...
please help fill out this sheet Preparation of Balance Sheet Ari Company's December 31 post-closing trial balance contai...
please help fill out this sheet
Preparation of Balance Sheet Ari Company's December 31 post-closing trial balance contains the following normal balances: Cash $19,000 Accounts payable 20,000 Building 439,500 Long-term notes payable 785,000 Common stock 950,000 Retained earnings 75,000 Accumulated depreciation-Equipment 180,000 Land 877,000 Accounts receivable 22,500 Accumulated depreciation-Building 135,000 Wages payable 6,000 Patent (net of amortization) 120,000 Notes payable (short term) 131,000 Inventory 206,000 Equipment 600,000 Allowance for doubtful accounts 2,000 DUSITISSUUUISE Balance Sheet December 31 Assets Current Assets:...
Fill in the missing items In the balance sheet. PURRFECT PETS, INC Balance Sheet September 30,...
Fill in the missing items In the balance sheet. PURRFECT PETS, INC Balance Sheet September 30, Year 3 Assets Cash Accounts Receivable Inventories Equipment Other Assets S 745,800 55,100 121,300 73.400 Total Assets Liabilities Accounts Payable Notes Payable S 343,500 Total Liabilities $ 609,600 Stockholders' Equity Common Stock 664,100 Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity S 790,400
Classified Balance Sheet The George Company collected the following information for the preparation of its December...
Classified Balance Sheet The George Company collected the following information for the preparation of its December 31, classified balance sheet: Property Plant and Accounts Receivable $22,000 Equipment $200,000 Cash 17,000 Inventory 57,000 Other Long-Term Other Current Assets 25,000 Assets 40,000 Common Accounts Payable 25,000 stock 92,000 Retained Long-Term Liabilities 60,000 Earnings ? Other Current Liabilities 19.000 Prepare a classified balance sheet for George Company. GEORGE COMPANY Balance Sheet December 31 Assets Liabilities & Stockholders' Equity Current Assets: Current Liabilities: $...
Preparation of Balance Sheet Ari Company's December 31 post-closing trial balance contains the following normal balances:...
Preparation of Balance Sheet Ari Company's December 31 post-closing trial balance contains the following normal balances: Cash $19,000 Accounts payable 20,000 Building 439,500 Long-term notes payable 785,000 Common stock 950,000 Retained earnings 75,000 Accumulated depreciation-Equipment 180,000 Land 877,000 Accounts receivable 22,500 Accumulated depreciation-Building 135,000 Wages payable 6,000 Patent (net of amortization) 120,000 Notes payable (short term) 131,000 Inventory 206,000 Equipment 600,000 Allowance for doubtful accounts 2,000 Required Prepare a December 31 classified balance sheet for Ari Company Do not use...
FILL IN MISSING AMOUNTS ASSETS Cash
FILL IN MISSING AMOUNTS ASSETS Cash $10,000 Accounts receivable 100,000 Inventory ----------- Total current assets 220,000 Gross plant and equipment 500,000 Less: accumulated depreciation ----------- Net plant and equipment 375,000 Total assets ----------- LIABILITIES ACCOUNTS PAYABLE $12,000 NOTES PAYABLE $50,000 TOTAL CURRENT LIABILITIES ----------------------------- LONG-TERM DEBT ---------------------------- TOTAL LIABILITIES $190,000 COMMON STOCK ($1 PAR, 1000,000 SHARES) ---------------------------- PAID - IN CAPITAL --------------------------- RETAINED EARNINGS $150,000 TOTAL STOCKHOLDERS EQUITY ------------------------------ TOTAL LIABILITIES AND EQUITY -------------------------------
Preparation of Balance Sheet Ari Company's December 31 post.closing trial balance contains the following normal balances:...
Preparation of Balance Sheet Ari Company's December 31 post.closing trial balance contains the following normal balances: Cash $19,000 Accounts payable 20,000 Building 439,500 Long-term notes payable 785,000 Common stock 950,000 Retained earnings 75,000 Accumulated depreciation-Equipment 180,000 Land 877,000 Accounts receivable 22,500 Accumulated depreciation- Wages payable 6,000 Patent (net of amortization) Notes payable (short term) Inventory Equipment Allowance for doubtful accounts 2,000 con-- Building 135,000 Required Prepare a December 31 classified balance sheet Do not use negative signs with any of...
The Red Nos balance sheet at December 31, 20X is ass Requ 72 Chapter 2 Balance...
The Red Nos balance sheet at December 31, 20X is ass Requ 72 Chapter 2 Balance Sheet December 31, 20X4 ASSETS Current Assets Cash Accounts Receivable Cleaning Supplies Total Current Assets Property and Equipment: Land $ 12,500 15,000 2,500 30,000 1. 2 3. 4. 120,000 800,000 50,000 125,000 845,000 $875,000 Building Furnishings and Equipment Less: Accumulated Depreciation Net Property and Equipment Total Assets Th aco dit $ 23,700 8,000 300 32,000 LIABILITIES AND OWNER'S EQUITY Current Liabilities: Notes Payable Accounts...
15-30 Simple Balance Sheet Fill in the missing numbers from the following simple balance sheet for Cabo Company: Assets Liabilities and Stockholders' Equity $ 10,000 Cash Accounts receivable Plant and equipment Total assets $ ? 15,000 75,000 $100,000 Accounts payable Long-term debt Stockholders' equity Total Liabilities and stockholders' equity $ 45,000 $
This is cost course.
15-30 Simple Balance Sheet Fill in the missing numbers from the following simple balance sheet for Cabo Company: Assets Cash Accounts receivable Plant and equipment Total assets $ ? 15,000 75,000 $100,000 Liabilities and Stockholders' Equity Accounts payable $ 10,000 Long-term debt Stockholders' equity $ 45,000 Total Liabilities and stockholders' equity
Balance Sheet: Use the following financial information to prepare a balance sheet: Burger Shack, Inc.; Balance Sheet Inventory 335,000 Accounts Receivable Accounts Payable 40.000 Buildings Furniture and Fixtures 16,000 Trademark Mortgage 325,000 Note Payable (6 month) Equipment and Vehicles 40,000 Retained Earnings Notes Receivable (3 month) 50,000 Land Common Stock (1,000,000 shares) 100,000 Cash Salaries Payable 90,000 192,000 110,000 20,000 150,000 113,000 40,000 15,000 Assets Current Assets Total Current Assets Fixed Assets Total Fixed Assets Intangible Assets Total Intangible Assets...
please help fill out this sheet
Preparation of Balance Sheet Ari Company's December 31 post-closing trial balance contains the following normal balances: Cash $19,000 Accounts payable 20,000 Building 439,500 Long-term notes payable 785,000 Common stock 950,000 Retained earnings 75,000 Accumulated depreciation-Equipment 180,000 Land 877,000 Accounts receivable 22,500 Accumulated depreciation-Building 135,000 Wages payable 6,000 Patent (net of amortization) 120,000 Notes payable (short term) 131,000 Inventory 206,000 Equipment 600,000 Allowance for doubtful accounts 2,000 DUSITISSUUUISE Balance Sheet December 31 Assets Current Assets:...
Fill in the missing items In the balance sheet. PURRFECT PETS, INC Balance Sheet September 30, Year 3 Assets Cash Accounts Receivable Inventories Equipment Other Assets S 745,800 55,100 121,300 73.400 Total Assets Liabilities Accounts Payable Notes Payable S 343,500 Total Liabilities $ 609,600 Stockholders' Equity Common Stock 664,100 Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity S 790,400
Classified Balance Sheet The George Company collected the following information for the preparation of its December 31, classified balance sheet: Property Plant and Accounts Receivable $22,000 Equipment $200,000 Cash 17,000 Inventory 57,000 Other Long-Term Other Current Assets 25,000 Assets 40,000 Common Accounts Payable 25,000 stock 92,000 Retained Long-Term Liabilities 60,000 Earnings ? Other Current Liabilities 19.000 Prepare a classified balance sheet for George Company. GEORGE COMPANY Balance Sheet December 31 Assets Liabilities & Stockholders' Equity Current Assets: Current Liabilities: $...
Preparation of Balance Sheet Ari Company's December 31 post-closing trial balance contains the following normal balances: Cash $19,000 Accounts payable 20,000 Building 439,500 Long-term notes payable 785,000 Common stock 950,000 Retained earnings 75,000 Accumulated depreciation-Equipment 180,000 Land 877,000 Accounts receivable 22,500 Accumulated depreciation-Building 135,000 Wages payable 6,000 Patent (net of amortization) 120,000 Notes payable (short term) 131,000 Inventory 206,000 Equipment 600,000 Allowance for doubtful accounts 2,000 Required Prepare a December 31 classified balance sheet for Ari Company Do not use...
Preparation of Balance Sheet Ari Company's December 31 post.closing trial balance contains the following normal balances: Cash $19,000 Accounts payable 20,000 Building 439,500 Long-term notes payable 785,000 Common stock 950,000 Retained earnings 75,000 Accumulated depreciation-Equipment 180,000 Land 877,000 Accounts receivable 22,500 Accumulated depreciation- Wages payable 6,000 Patent (net of amortization) Notes payable (short term) Inventory Equipment Allowance for doubtful accounts 2,000 con-- Building 135,000 Required Prepare a December 31 classified balance sheet Do not use negative signs with any of...
The Red Nos balance sheet at December 31, 20X is ass Requ 72 Chapter 2 Balance Sheet December 31, 20X4 ASSETS Current Assets Cash Accounts Receivable Cleaning Supplies Total Current Assets Property and Equipment: Land $ 12,500 15,000 2,500 30,000 1. 2 3. 4. 120,000 800,000 50,000 125,000 845,000 $875,000 Building Furnishings and Equipment Less: Accumulated Depreciation Net Property and Equipment Total Assets Th aco dit $ 23,700 8,000 300 32,000 LIABILITIES AND OWNER'S EQUITY Current Liabilities: Notes Payable Accounts...
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