Clear Water Co. reports the following balance sheet accounts as of December 31 .
| Buildings | $ 60,000 |
| Accounts receivable | 3,400 |
| Land | 25,000 |
| Merchandise inventory | 9,800 |
| Accounts payable | 6,400 |
| Cash | 10,800 |
| Notes payable (due in 7 years) | 58,000 |
| office supplies | 3,800 |
| Common stock | 24,000 |
| Retained earnings | 20,000 |
| Wages payable | 4,400 |
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Clear Water Co. reports the following balance sheet accounts as of December 31. Buildings Accounts receivable...
Clear Water Co. reports the following balance sheet accounts asof December 31.Buildings $ 57,500,...
Clear Water Co. reports the following balance sheet accounts as of December 31.Buildings $ 57,500, Accounts receivable 3,300, Land 24,000, Merchandise inventory 9,600, Accounts payable 6,300, Cash 10,600, Notes payable (due in 7 years) 56,000 , Office supplies 3,600, Common stock 23,000, Retained earnings 19,000, Wages payable 4,300.
Clear Water Co. reports the following balance sheet accounts as of December 31. Buildings $...
Clear Water Co. reports the following balance sheet accounts as of December 31. Buildings $ 37,500 Accounts receivable 2,500 Land 16,000 Merchandise inventory 8,000 Accounts payable 5,500 Cash 9,000 Notes payable (due in 7 years) 40,000 Office supplies 2,000 Common stock 15,000 Retained earnings 11,000 Wages payable 3,500 Required: Prepare a classified balance sheet.
Clear Water Co. reports the following balance sheet accounts as of December 31. Buildings Accounts receivable...
Clear Water Co. reports the following balance sheet accounts as of December 31. Buildings Accounts receivable Land Merchandise inventory Accounts payable Cash Notes payable (due in 7 years) Office supplies 0.Water, Capital Wages payable $ 30,000 2,200 13,000 7,400 5,200 8,400 34,000 1,400 20,000 3,200 Required: Prepare a classified balance sheet. Clear Water Co. Balance Sheet December 31 Assets Current assets Total current assets Plant assets Total plant assets Total assets Liabilities Current liabilities Total current liabilities Long-term liabilities Total...
Adams Co. reports the following balance sheet accounts as of December 31. $ Salaries payable Buildings...
Adams Co. reports the following balance sheet accounts as of December 31. $ Salaries payable Buildings Prepaid rent Merchandise inventory Accounts payable Prepaid insurance Accounts receivable Common stock 6,000 Retained earnings 55,000 Notes payable (due in 9 years) 7,000 office supplies 14,000 Land 10,000 Accumulated depreciation-Building 3,000 Mortgages payable (due in 5 years) 4,000 Cash 10,000 $ 50,000 30,000 2,000 22,000 5,000 12,000 16,000 Required: Prepare a classified balance sheet. (Amounts to be deducted should be indicated by a minus...
2 QS 4-13 Preparing a classified balance sheet for a merchandiser LO P4 Clear Water Co....
2 QS 4-13 Preparing a classified balance sheet for a merchandiser LO P4 Clear Water Co. reports the following balance sheet accounts as of December 31. ints eBook Buildings Accounts receivable Land Merchandise inventory Accounts payable Cash Notes payable (due in 7 years) Office supplies Common stock Retained earnings Wages payable $ 70,000 3,800 29,000 12,600 6,8ee 11,6ee 66, see 4,600 28,888 24, see 4,820 Hint Ask Required: Prepare a classified balance sheet. References Clear Water Co. Balance Sheet December...
QS 4-13 Preparing a classified balance sheet for a merchandiser LO P4 Clear Water Co. reports...
QS 4-13 Preparing a classified balance sheet for a merchandiser LO P4 Clear Water Co. reports the following balance sheet accounts as of December 31. ook Ruildings Accounts receivable Land Merchandise inventory Accounts payable Cash Notes payable (due in 7 years) office supplies Common stock Retained earnings Wages payable $ 25,000 2,000 11,000 7.000 5,000 8,000 30,000 1,000 10,000 6.000 3,000 nces Required: Prepare a classified balance sheet. Clear Water Co. Balance Sheet December 31 Assets Current assets Total current...
what is the retained earning December 31 Assets Cash $ 30,000 52,000 Accounts receivable Office supplies...
what is the retained
earning
December 31 Assets Cash $ 30,000 52,000 Accounts receivable Office supplies nterest receivable 16,000 18,000 168,000 Notes receivable Automobiles $ 168,000 118,000 50,000 138,000 Accumulated depreciation—Automobiles Equipment Accumulated depreciation Equipment Land 18,000 120,000 78,000 $ 600,000 Liabilities $ 96,000 20,000 Accounts payable nterest payable Salaries payable Unearned revenue Long-term notes payable 19,000 30,000 138,000 303,000 Equity Common stock 20,000 Equity Common stock 20,000 Retained earnings 20,000 $ 323,000 < Required B Required Credit $ Debit...
Cash $ 3,600 3,400 Accounts receivable Sandhill Co. Balance Sheet December 31, 2022 $ 29,000 Accounts...
Cash $ 3,600 3,400 Accounts receivable Sandhill Co. Balance Sheet December 31, 2022 $ 29,000 Accounts payable 23,100 Salaries and wages payable 10,600 Note payable (due 2025) 1,300 Total liabilities 3,000 25,900 Inventory 166,000 Supplies 173,000 Prepaid insurance Land Buildings Less: Accumulated depreciation 35,000 $248,000 Common stock (105,000) 143,000 Retained earnings 2,100 Total stockholders' equity $238,000 Total liabilities and stockholders' equity 30,000 Trademark Total assets 65,000 $238,000 Compute (a) total current assets and (b) total property, plant and equipment. (a)...
Exercise 4-16 Preparing a classified balance sheet for a merchandiser LO P4 Adams Co. reports the...
Exercise 4-16 Preparing a classified balance sheet for a merchandiser LO P4 Adams Co. reports the following balance sheet accounts as of December 31. Salaries payable Buildings Prepaid rent Merchandise inventory Accounts payable Prepaid insurance Accounts receivable Common stock 8. Bee Retained earnings 87,eee Notes payable (due in 9 years) 9,eee office supplies 18,888 Land 30,eee Accumulated depreciation-Building 7,000 Mortgages payable (due in 5 years) 24,000 Cash 30,eee 79, eee 7e,eee 6, eee 62,eee 9, eee 52,888 56. eee Required:...
8. Javelina Publications balance sheet accounts as of December 31, 2019 are listed below. Prepare a...
8. Javelina Publications balance sheet accounts as of December 31, 2019 are listed below. Prepare a properly classified balance sheet as of December 31, 2019 Land Sinking fund for bond retirement Discount on bonds payable Equipment Preferred Stock, $100 par Accumulated depreciation, buildings Investment in bonds held to maturity Accrued Wages Additional paid in capital, common Buildings Bond Payable (due 2025) Office supplies Retained earnings Inventory Account receivable Account payable Prepaid insurance Common Stock, $10 par Allowance for doubtful accounts...
Clear Water Co. reports the following balance sheet accounts as of December 31. Buildings Accounts receivable Land Merchandise inventory Accounts payable Cash Notes payable (due in 7 years) Office supplies 0.Water, Capital Wages payable $ 30,000 2,200 13,000 7,400 5,200 8,400 34,000 1,400 20,000 3,200 Required: Prepare a classified balance sheet. Clear Water Co. Balance Sheet December 31 Assets Current assets Total current assets Plant assets Total plant assets Total assets Liabilities Current liabilities Total current liabilities Long-term liabilities Total...
Adams Co. reports the following balance sheet accounts as of December 31. $ Salaries payable Buildings Prepaid rent Merchandise inventory Accounts payable Prepaid insurance Accounts receivable Common stock 6,000 Retained earnings 55,000 Notes payable (due in 9 years) 7,000 office supplies 14,000 Land 10,000 Accumulated depreciation-Building 3,000 Mortgages payable (due in 5 years) 4,000 Cash 10,000 $ 50,000 30,000 2,000 22,000 5,000 12,000 16,000 Required: Prepare a classified balance sheet. (Amounts to be deducted should be indicated by a minus...
2 QS 4-13 Preparing a classified balance sheet for a merchandiser LO P4 Clear Water Co. reports the following balance sheet accounts as of December 31. ints eBook Buildings Accounts receivable Land Merchandise inventory Accounts payable Cash Notes payable (due in 7 years) Office supplies Common stock Retained earnings Wages payable $ 70,000 3,800 29,000 12,600 6,8ee 11,6ee 66, see 4,600 28,888 24, see 4,820 Hint Ask Required: Prepare a classified balance sheet. References Clear Water Co. Balance Sheet December...
QS 4-13 Preparing a classified balance sheet for a merchandiser LO P4 Clear Water Co. reports the following balance sheet accounts as of December 31. ook Ruildings Accounts receivable Land Merchandise inventory Accounts payable Cash Notes payable (due in 7 years) office supplies Common stock Retained earnings Wages payable $ 25,000 2,000 11,000 7.000 5,000 8,000 30,000 1,000 10,000 6.000 3,000 nces Required: Prepare a classified balance sheet. Clear Water Co. Balance Sheet December 31 Assets Current assets Total current...
what is the retained
earning
December 31 Assets Cash $ 30,000 52,000 Accounts receivable Office supplies nterest receivable 16,000 18,000 168,000 Notes receivable Automobiles $ 168,000 118,000 50,000 138,000 Accumulated depreciation—Automobiles Equipment Accumulated depreciation Equipment Land 18,000 120,000 78,000 $ 600,000 Liabilities $ 96,000 20,000 Accounts payable nterest payable Salaries payable Unearned revenue Long-term notes payable 19,000 30,000 138,000 303,000 Equity Common stock 20,000 Equity Common stock 20,000 Retained earnings 20,000 $ 323,000 < Required B Required Credit $ Debit...
Cash $ 3,600 3,400 Accounts receivable Sandhill Co. Balance Sheet December 31, 2022 $ 29,000 Accounts payable 23,100 Salaries and wages payable 10,600 Note payable (due 2025) 1,300 Total liabilities 3,000 25,900 Inventory 166,000 Supplies 173,000 Prepaid insurance Land Buildings Less: Accumulated depreciation 35,000 $248,000 Common stock (105,000) 143,000 Retained earnings 2,100 Total stockholders' equity $238,000 Total liabilities and stockholders' equity 30,000 Trademark Total assets 65,000 $238,000 Compute (a) total current assets and (b) total property, plant and equipment. (a)...
Exercise 4-16 Preparing a classified balance sheet for a merchandiser LO P4 Adams Co. reports the following balance sheet accounts as of December 31. Salaries payable Buildings Prepaid rent Merchandise inventory Accounts payable Prepaid insurance Accounts receivable Common stock 8. Bee Retained earnings 87,eee Notes payable (due in 9 years) 9,eee office supplies 18,888 Land 30,eee Accumulated depreciation-Building 7,000 Mortgages payable (due in 5 years) 24,000 Cash 30,eee 79, eee 7e,eee 6, eee 62,eee 9, eee 52,888 56. eee Required:...
8. Javelina Publications balance sheet accounts as of December 31, 2019 are listed below. Prepare a properly classified balance sheet as of December 31, 2019 Land Sinking fund for bond retirement Discount on bonds payable Equipment Preferred Stock, $100 par Accumulated depreciation, buildings Investment in bonds held to maturity Accrued Wages Additional paid in capital, common Buildings Bond Payable (due 2025) Office supplies Retained earnings Inventory Account receivable Account payable Prepaid insurance Common Stock, $10 par Allowance for doubtful accounts...
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