Vaughn Corporation’s adjusted trial balance contained the following accounts at December 31, 2020: Retained Earnings $124,100,...
Vaughn Corporation’s adjusted trial balance contained the
following accounts at December 31, 2020: Retained Earnings
$124,100, Common Stock $755,400, Bonds Payable $109,700, Paid-in
Capital in Excess of Par-Common Stock $206,200, Goodwill $61,700,
Accumulated Other Comprehensive Loss $158,000, and Noncontrolling
Interest $39,400.
Prepare the stockholders’ equity section of the balance
sheet.
Homework Answers
Note: Goodwill will be reported in asset section of balance sheet.
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Vaughn Corporation’s adjusted trial balance contained the
following accounts at December 31, 2020: Retained Earnings
$124,100,...
Ivanhoe Corporation’s adjusted trial balance contained the following accounts at December 31, 2020: Retained Earnings $121,300,...
Ivanhoe Corporation’s adjusted trial balance contained the
following accounts at December 31, 2020: Retained Earnings
$121,300, Common Stock $766,600, Bonds Payable $104,800, Paid-in
Capital in Excess of Par-Common Stock $205,300, Goodwill $59,700,
Accumulated Other Comprehensive Loss $150,100, and Noncontrolling
Interest $35,800.
Prepare the stockholders’ equity section of the balance
sheet.
IVANHOE CORPORATION Balance Sheet (Partial) $
View Policies Current Attempt in Progress Ivanhoe Corporation's adjusted trial balance contained the following accounts at...
View Policies Current Attempt in Progress Ivanhoe Corporation's adjusted trial balance contained the following accounts at December 31, 2020: Retained Earnings $120,900, Common Stock $759.300, Bonds Payable $103,500, Paid-in Capital in Excess of Par-Common Stock $209,500, Goodwill $60,600, Accumulated Other Comprehensive Loss $157,300, and Noncontrolling Interest $34,600. Prepare the stockholders' equity section of the balance sheet. IVANHOE CORPORATION Balance Sheet (Partial) For the Year Ended December 31, 2020 Current Assets Common Stock Paid-in-Capital in Excess of Par-Common Stock Retained Earnings...
View Policies Current Attempt in Progress Cullumber Corporationis adjusted trial balance contained the following accounts at...
View Policies Current Attempt in Progress Cullumber Corporationis adjusted trial balance contained the following accounts at December 31, 2020: Retained Earnings $120.900, Common Stock $759.600, Bonds Payable $103.200, Pald-in Capital in Excess of Par-Common Stock $204,800, Goodwill $57,700. Accumulated Other Comprehensive Loss $158.900, and Noncontrolling Interest $38,200. Prepare the stockholders' equity section of the balance sheet. CULLUMBER CORPORATION Balance Sheet (Partial) On
Blue Corporation’s adjusted trial balance contained the following asset accounts at December 31, 2020: Cash $9,780,...
Blue Corporation’s adjusted trial balance contained the following asset accounts at December 31, 2020: Cash $9,780, Land $45,600, Patents $12,700, Accounts Receivable $93,280, Prepaid Insurance $5,800, Inventory $35,000, Allowance for Doubtful Accounts $4,640, and Equity Investments (to be sold in the next quarter) $12,010. Prepare the current assets section of the balance sheet.
Bonita Company’s December 31, 2020, trial balance includes the following accounts: Investment in Common Stock $72,100,...
Bonita Company’s December 31, 2020, trial balance includes the following accounts: Investment in Common Stock $72,100, Retained Earnings $122,900, Trademarks $34,200, Preferred Stock $152,100, Common Stock $64,600, Deferred Income Taxes $88,600, Paid-in Capital in Excess of Par-Common Stock $184,000, and Noncontrolling Interest $59,430. Prepare the stockholders’ equity section of the balance sheet.
Presented are selected accounts from the adjusted trial balance of Uhura Company at December 31, 2020....
Presented are selected accounts from the adjusted trial balance of Uhura Company at December 31, 2020. All balances are normal. Cash $230,000 Accounts receivable 357,000 Allowance for doubtful accounts 17,000 Inventory (market value $408,000) 401,000 Equity investments - marketable, short-term (fair value $120,000) 140,000 Fair value adjustment – equity investments (20,000) Buildings 730,000 Equipment 265,000 Accumulated depreciation – buildings 160,000 Accumulated depreciation – equipment 125,000 Land held for future use 175,000 Goodwill 80,000 Cash surrender value of life insurance 90,000...
Part IV: Balance Sheet (10 points) 1. Amir Corporation's adjusted trial balance contained the following accounts...
Part IV: Balance Sheet (10 points) 1. Amir Corporation's adjusted trial balance contained the following accounts at December 31, 2020: Retained Earnings $320,000, Common Stock $940,000, Bonds Payable $230,000, Goodwill $55,000, Accumulated Depreciation-Equipment $55,000, Accumulated Other Comprehensive $105,000, Discount on Bonds Payable $10,500, and Treasury Stock $54,000. Find total stockholders' equity for Amir Corporation on December 31, 2020. (4 points) 2. ABC Corporation is preparing its December 31, 2020, balance sheet. The following items may be reported as either a...
Presented are accounts from the adjusted trial balance of Montoya, Inc. at December 31, 2020. Notes...
Presented are accounts from the adjusted trial balance of
Montoya, Inc. at December 31, 2020.
Notes receivable is due in 8 months.Additional information:
Notes Payable – Farmers Merchants is due in 6 months.
Notes Payable – Home Savings is an installment note payable in
ten annual installments of $160,000 each, with the first
installment due next year.
Common Stock has a $1 par value, 1,000,000 shares authorized,
200,000 shares issued and outstanding.
Preferred Stock has a $10 par value, 100,000...
*Exercise 5-12 Presented below is the trial balance of Vaughn Corporation at December 31, 2020. Credit...
*Exercise 5-12 Presented below is the trial balance of Vaughn Corporation at December 31, 2020. Credit Debit $ 201,970 $ 8,104,060 $ 157,060 4,800,000 303,970 281,970 94,060 459,060 2,004,060 66,860 264,060 1,044,970 140,970 100,060 439,060 Cash Sales Debt Investments (trading) (at cost, $145,000) Cost of Goods Sold Debt Investments (long-term) Equity Investments (long-term) Notes Payable (short-term) Accounts Payable Selling Expenses Investment Revenue Land Buildings Dividends Payable Accrued Liabilities Accounts Receivable Accumulated Depreciation-Buildings Allowance for Doubtful Accounts Administrative Expenses Interest Expense...
_ Cr. $ 319,400 181,000 BONITA CORPORATION POST-CLOSING TRIAL BALANCE DECEMBER 31, 2020 Dr. _ Accounts...
_ Cr. $ 319,400 181,000 BONITA CORPORATION POST-CLOSING TRIAL BALANCE DECEMBER 31, 2020 Dr. _ Accounts payable Accounts receivable $ 469,000 Accumulated depreciation-buildings Additional paid-in capital in excess of par-common From treasury stock Allowance for doubtful accounts Bonds payable Buildings 1,328,000 Cash 208,000 Common stock ($1 par) Dividends payable (preferred stock-cash) Inventory 547,000 387,000 Preferred stock ($50 par) Prepaid expenses 37,000 Retained earnings Treasury stock (common at cost) 179,000 Totals $3,155,000 1,198,000 167,000 28,000 277,000 184,000 3,600 Land 500,000 297,000...
Ivanhoe Corporation’s adjusted trial balance contained the
following accounts at December 31, 2020: Retained Earnings
$121,300, Common Stock $766,600, Bonds Payable $104,800, Paid-in
Capital in Excess of Par-Common Stock $205,300, Goodwill $59,700,
Accumulated Other Comprehensive Loss $150,100, and Noncontrolling
Interest $35,800.
Prepare the stockholders’ equity section of the balance
sheet.
IVANHOE CORPORATION Balance Sheet (Partial) $
View Policies Current Attempt in Progress Ivanhoe Corporation's adjusted trial balance contained the following accounts at December 31, 2020: Retained Earnings $120,900, Common Stock $759.300, Bonds Payable $103,500, Paid-in Capital in Excess of Par-Common Stock $209,500, Goodwill $60,600, Accumulated Other Comprehensive Loss $157,300, and Noncontrolling Interest $34,600. Prepare the stockholders' equity section of the balance sheet. IVANHOE CORPORATION Balance Sheet (Partial) For the Year Ended December 31, 2020 Current Assets Common Stock Paid-in-Capital in Excess of Par-Common Stock Retained Earnings...
View Policies Current Attempt in Progress Cullumber Corporationis adjusted trial balance contained the following accounts at December 31, 2020: Retained Earnings $120.900, Common Stock $759.600, Bonds Payable $103.200, Pald-in Capital in Excess of Par-Common Stock $204,800, Goodwill $57,700. Accumulated Other Comprehensive Loss $158.900, and Noncontrolling Interest $38,200. Prepare the stockholders' equity section of the balance sheet. CULLUMBER CORPORATION Balance Sheet (Partial) On
Part IV: Balance Sheet (10 points) 1. Amir Corporation's adjusted trial balance contained the following accounts at December 31, 2020: Retained Earnings $320,000, Common Stock $940,000, Bonds Payable $230,000, Goodwill $55,000, Accumulated Depreciation-Equipment $55,000, Accumulated Other Comprehensive $105,000, Discount on Bonds Payable $10,500, and Treasury Stock $54,000. Find total stockholders' equity for Amir Corporation on December 31, 2020. (4 points) 2. ABC Corporation is preparing its December 31, 2020, balance sheet. The following items may be reported as either a...
Presented are accounts from the adjusted trial balance of
Montoya, Inc. at December 31, 2020.
Notes receivable is due in 8 months.Additional information:
Notes Payable – Farmers Merchants is due in 6 months.
Notes Payable – Home Savings is an installment note payable in
ten annual installments of $160,000 each, with the first
installment due next year.
Common Stock has a $1 par value, 1,000,000 shares authorized,
200,000 shares issued and outstanding.
Preferred Stock has a $10 par value, 100,000...
*Exercise 5-12 Presented below is the trial balance of Vaughn Corporation at December 31, 2020. Credit Debit $ 201,970 $ 8,104,060 $ 157,060 4,800,000 303,970 281,970 94,060 459,060 2,004,060 66,860 264,060 1,044,970 140,970 100,060 439,060 Cash Sales Debt Investments (trading) (at cost, $145,000) Cost of Goods Sold Debt Investments (long-term) Equity Investments (long-term) Notes Payable (short-term) Accounts Payable Selling Expenses Investment Revenue Land Buildings Dividends Payable Accrued Liabilities Accounts Receivable Accumulated Depreciation-Buildings Allowance for Doubtful Accounts Administrative Expenses Interest Expense...
_ Cr. $ 319,400 181,000 BONITA CORPORATION POST-CLOSING TRIAL BALANCE DECEMBER 31, 2020 Dr. _ Accounts payable Accounts receivable $ 469,000 Accumulated depreciation-buildings Additional paid-in capital in excess of par-common From treasury stock Allowance for doubtful accounts Bonds payable Buildings 1,328,000 Cash 208,000 Common stock ($1 par) Dividends payable (preferred stock-cash) Inventory 547,000 387,000 Preferred stock ($50 par) Prepaid expenses 37,000 Retained earnings Treasury stock (common at cost) 179,000 Totals $3,155,000 1,198,000 167,000 28,000 277,000 184,000 3,600 Land 500,000 297,000...
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