1)
Total current assets of $100,800 is correct.
2)
Short term investments = Total current assets - Cash and cash equivalents - Accounts receivable - Inventory
= $100,800 - $5,600 - $26,000 - $66,000
= $3,200
3)
Retained earnings = Property plant and equipment + Total current assets - Total liabilities - Paid in capital
Total liabilities = Accounts payable + Salaries payable + Accrued interest + Notes payable
= $45,000 + $17,000 + $1,000 + $36,000
= $99,000
Retained earnings = $150,000 + $100,800 - $99,000 - $130,000
= $21,800
The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation:...
The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation: Cash and cash equivalents $ 5,500 Accounts receivable (net) 25,000 Inventory 65,000 Property, plant, and equipment (net) 145,000 Accounts payable 44,000 Salaries payable 16,000 Paid-in capital 125,000 The only asset not listed is short-term investments. The only liabilities not listed are $35,000 notes payable due in two years and related accrued interest of $1,000 due in four months. The current ratio at year-end is...
The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation Cash and cash equivalents Accounts receivable (net) Inventory Property, plant, and equipment (net) Accounts payable Salaries payable Paid-in capital $ 7,000 40,000 80,000 220,000 59,000 20,000 200,000 The only asset not listed is short-term investments. The only liabilities not listed are $50,000 notes payable due in two years related accrued interest of $1,000 due in four months. The current ratio at year-end is 1.7.1....
The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation: Cash and cash equivalents Nocounts receivable (net) Inventory Property, plant, and equipment (net) Accounts payable Salaries payable Paid-in capital $ 6,300 33,000 73,000 185,000 52,000 24,000 165,000 nces The only asset not listed is short-term investments. The only liabilities not listed are $43,000 notes payable due in two years and related accrued interest of $1,000 due in four months. The current ratio at year-end...
The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation: Cash and cash equivalents$6,300Accounts receivable (net)33,000Inventory73,000Property, plant, and equipment (net)185,000Accounts payable52,000Salaries payable24,000Paid-in capital165,000The only asset not listed is short-term investments. The only liabilities not listed are $43,000 notes payable due in two years and related accrued interest of $1,000 due in four months. The current ratio at year-end is 1.5:1. Required:Determine the following at December 31, 2021:
1 The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation: 2 points Cash and cash equivalents Accounts receivable (net) Inventory Property, plant, and equipment (net) Accounts payable Salaries payable Paid-in capital $ 6,900 39,000 79,000 215,000 58,000 19,000 195,000 eBook The only asset not listed is short-term investments. The only liabilities not listed are $49,000 notes payable due in two years and related accrued interest of $1,000 due in four months. The current...
The following December 31, 2018, fiscal year-end account balance information is available for the Stonebridge Corporation: Cash and cash equivalents Accounts receivable (net) Inventories Property, plant, and equipment (net) Accounts payable Wages payable Paid-in-capital $ 5,000 20,000 60,000 120,000 44,000 15,000 100,000 The only asset not listed is short-term investments. The only liabilities not listed are a $30,000 note payable due in two years and related accrued interest of $1,000 due in four months. The current ratio at year-end is...
The following December 31, 2021, fiscal year-end account balance information is available for the Stone Corporation: Cash and cash equivalents $ 6,200 Accounts receivable (net) 32,000 Inventory 72,000 Property, plant, and equipment (net) 180,000 Accounts payable 51,000 Salaries payable 23,000 Paid-in capital 160,000 The only asset not listed is short-term investments. The only liabilities not listed are $42,000 notes payable due in two years and related accrued interest of $1,000 due in four months. The current ratio at year-end is...
Balance sheet; missing elementsThe following December 31, 2011, fiscal year-end account balance information is available for the Stonebridge Corporation: Cash and cash equivalents $5,000Accounts receivable (net) 20,000Inventories 60,000Property, plant, and equipment (net)120,000Accounts payable 44,000Wages payable 15,000Paid-in-capital 100,000The only asset not listed is short-term investments. The only liabilities not listed are a $30,000 note payable due in two years and related accrued interest of $1,000 due in four months. The current ratio at year-end is 1.5:1.Required:Determine the following at December 31, 2011:1. Total current assets2. Short-term...
Exercise 3-1 (Algo) Balance sheet; missing elements [LO3-2, 3-3, 3-8] The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation: points eBook Print Cash and cash equivalents Accounts receivable (net) Inventory Property, plant, and equipment (net) Accounts payable Salaries payable Paid-in capital $ 6,600 36,000 76,000 200,000 55,000 16,000 180,000 References The only asset not listed is short-term investments. The only liabilities not listed are $46,000 notes payable due in two years and related...
Ny VOIN Exercise 3-1 (Algo) Balance sheet; missing elements [LO3-2, 3-3, 3-8) The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation: Cash and cash equivalents Accounts receivable (net) Inventory Property, plant, and equipment (net) Accounts payable Salaries payable Paid-in capital $ 6,700 37,000 77,000 205,000 56,000 17,000 185,000 The only asset not listed is short-term investments. The only liabilities not listed are $47,000 notes payable due in two years and related accrued interest...