Classified Balance Sheet:
Veronika's Flower shop | ||
Balance Sheet | ||
December 31,2020 | ||
Assets: | ||
Current Assets: | ||
Cash | 16,800 | |
Accounts receivable | 12,600 | |
Inventories | 18,000 | |
Supplies | 7,000 | |
Prepaid insurance | 4,500 | |
Total current assets | 58,900 | |
Long-term investments: | ||
Investment in real estate (Long-term) | 16,000 | |
Property,Plant and Equipment: | ||
Land | 61,200 | |
Building | 95,800 | |
Equipment | 82,400 | |
Accumulated depreciation | -44,500 | |
Property,plant, Equipment, net | 194,900 | |
Intangible Assets: | ||
Patents | 5,300 | |
Total Assets | 275,100 |
Inventories Investment in real estate (long-term) 10.000 16,000 61.200 Prepare a classified Balance Sheet Accounts payable...
Classify each of the following accounts with their balance sheet classifications Accumulated Depreciation Equipment Short-term investments Merchandise Inventory Land L. Dawn, Capital 1. Current Assets Salaries Payable 2. Current Liabilties Prepaid Insurance 3. Long Term Investments Accounts receivable 4. Long Term Liabilties 5. Property Plant and Equipment Patents 6. Intangible Assets Accounts receivable 4. Long Term Liabilties 5. Property Plant and Equipment Patents 6. Intangible Assets Cash 7. Owner's Equity Notes Payable (due in 2 years) Accounts payable Equipment Supplies...
Chapter 5-Balance Sheet Using the following information, prepare a Classified Balance Sheet Accounts Payable Accounts Receivable $19,4 82460Office Equipment 7.900 Office Supplies 23,00 18,75 Accumulated Depreciation Office Equipment Accumulated Depreciation Store Administrative Expenses Allowance for Doubtful Accounts 32,000 Revenue 68,19 28,980 36,000Sales ed Earnings Payable Ex Cost of Merchandise Sold Common Stock 9,09 42,780 nterest Expense 800 Equipment 25,100 nearned Rent Merchandise Inventory Notes Payable (due in two years) 20 Total Current Assets Net Property, Plant, & Equipment I Assets...
Prepare a classified balance sheet ignoring monetary amounts. We were unable to transcribe this imageLess: Accumulated depreciation-equipment Net property, plant, and equipment Intangible assets Copyright Patent Total intangible assets Total assets Liabilities and Shareholders' Equity Current liabilities Notes payable Wages payable Accounts payable Rent payable Taxes payable Total current liabilities Long-term liabilities Bonds payable Notes payable Total current liabilities Shareholders' equity Preferred stock Common stock Retained earnings Total liabilities and shareholders' equity Name of Company Balance Sheet At [date] Assets...
prepare a classified balance sheet Balance Sheet 99 999 Financial Statement Item Accounts payable Accounts receivable Accrued expenses payable Additional paid-in capital Cash and cash equivalents . Common stock ($10 par value) Cost of sales General and administrative expenses Income tax expense Intangible assets, net Interest and other income, net Inventory Long-term notes payable Other current assets . Other current liabilities Other noncurrent assets. Prepaid expenses Property, plant and equipment (net) Research and development costs Retained earnings Sales and service...
Problem 4-A Classified Balance Sheet Accounts Payable ✓ Accounts Receivable Accumulated Depreciation - Building Building ✓ Cash Common Stock Land Mortgage Payable Prepaid Insurance Retained Earnings Salaries Payable 6,000 5,000 40,000 120,000 12,000 60,000 ? 64,000 2,000 15,000 3,000 1,000 2,000 Supplies Unearned Fees Requirement: Using the above amounts prepare a classified balance sheet, for the Plum Company at December 31 of the current year, that includes the correct balance for Land. Assets Current assets: Liabilities Current liabilities: Total current...
Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31. Answer is not complete. WILSON TRUCKING COMPANY Balance Sheet December 31 Assets 9.600 Current assets Cash Accounts receivable Office supplies 20,500 7,040 37.140 $ 171,000 35,226 135,774 Total current assets Plant assets Trucks Accumulated depreciation-Trucks Land Total plant assets Total assets Liabilities 135,774 172,914...
Balance sheet. From the following balance sheet accounts in the popup window, a-construct a balance sheet for 2016 and 2017. b, list all the working capital accounts c. find the net working capital for the years ending 2016 and 2017 d. calculate the change in net working capital for the year 2017 a·construct a balance sheet for 2016and 2017 Complete the balance sheet for 2016 below (Round to the nearest dollar) Roman Corporation Balance Sheet as of December 31, 2016,...
Long-term Investments Prepaid advertising Property, Plant, and Equipment Equipment Trademarks Intangible Assets Salaries and wages payable Current Liabilities Income taxes payable Current Liabilities Retained earnings Stockholders' Equity Current Assets Accounts receivable Property, Plant, and Equipment ÷ Land (held for future use) Patents Intangible Assets Bonds payable Current Liabilities Stockholders' Equity Common stock Accumulated depreciation-equipment Property, Plant, and Equipment Unearned sales revenue Long-term Investments Property, Plant, and Equipment Inventory
Prepare a classified balance sheet for Oxmoor at December 31, 2019. Preparing a Balance Sheet Oxmoor Corporation prepared the following adjusted trial balance. Oxmoor Corporation Adjusted Trial Balance December 31, 2019 Debit Credit Account Cash $13,300 Accounts Receivable 6,700 Prepaid Rent 54,000 Inventory 481,400 Long-Term Investment 110,900 Equipment 88,000 Accumulated Depreciation $23,700 Accounts Payable 111,700 Interest Payable 4,400 Note Payable (short-term) 50,000 Bonds Payable 180,000 Common Stock 300,000 Retained Earnings, 1/1/2019 45,635 Dividends 50,000 Sales Revenue 583,900 Cost of Goods...
eBook Calculator Classified Balance Sheet The following balance sheet items, listed in alphabetical order, are available from the records of Ruth Corporation at December 31, 2017: $17,395 $6,540 1,370 Accounts payable Accounts receivable Accumulated depreciation - automobiles Accumulated depreciation - buildings Automobiles Bonds payable, due December 31, 2021 Buildings Capital stock, $10 par value Cash 22,615 23,100 43,260 115,500 42,510 247,000 85,360 Income taxes payable Interest payable Inventory Land Long-term investments Notes payable, due June 30, 2018 office supplies Pald-in...