Question

Mathway | Algebra. m41 Makeup | M6. SO Korean Face Moist and long-lerm liabilities P33 The following information was obtained from the accounts of Alleg, Inc, as of December 31, 2012. It is presented in scrambled order M all-MKAYLA Lash Common stock, authorized 21,000 shares at $1 par value, issued 10,000 shares Additional paid-in capital $10,000 Cash 38,000 Marketable securities 13,000 Accounts receivable 17,000 Accounts payable 26,000 Current maturities of long-term debt 15,000 Mortgages payable Bonds payable 11,000 80,000 Inventory 70,000 30,000 Land and buildings 57,000 Machinery and equipment 125,000 Goodwill 8,000 Patents 10,000 Other assets 50,000 Defered income taxes (long-tem liability) 18,000 Retained earmings 33,000 Accumulated depreciation 61,000 Required assified balance sheet in report form. For assets, use the classifications of current assets, plant and equipment, intanggibles, and other assets. For liabilities, use the classifications of curent liabilities and1ong term liablities

Answer 1

Alleg Inc.,

Balance Sheet

as of December 31, 2012

Assets
CURRENT ASSETS :
Cash	$13,000
Marketable securities	$17,000
Inventory	$30,000
Accounts receivable	$26,000
Total current assets	$86,000
NON CURRENT ASSETS
Plant and equipments :
Land and buildings	$57,000
Machinery and equipment	$125,000
Less : Accumulated depreciation	$(61,000)
Intangibles :
Goodwill	$8,000
Patents	$10,000
Other assets :	$50,000
Total non current assets	$189,000
Total assets	$275,000
Liabilities
CURRENT LIABILITIES :
Accounts payable	$15,000
Current maturities of long term debt	$11,000
Total current liabilities	$26,000
NON CURRENT LIABILITIES :
Mortgages payable	$80,000
Bonds payable	$70,000
Deferred income taxes	$18,000
Total non current liabilities	$168,000
Total liabilities	$194,000
Equity
Common stock	$10,000
Additional paid in capital	$38,000
Retained earnings	$33,000
Total owner's equity	$81,000
Total liabilities and owner's equity	$275,000