Prepare a 2017 balance sheet for Jarrow Corp. based on the following information: cash = $146,000; patents and copyrights = $630,000; accounts payable = $222,500; accounts receivable = $165,000; tangible net fixed assets = $1,665,000; inventory = $302,500; notes payable = $135,000; accumulated retained earnings = $1,240,000; long-term debt = $864,000. (Do not round intermediate calculations. Be sure to list the accounts in order of their liquidity.)
The amount of common stock will be the balancing figure to get total liabilities and equity equal to Total assets.
Complete balance sheet
Balance sheet | |
Assets | |
Cash | $ 1,46,000.00 |
Accounts receivable | $ 1,65,000.00 |
Inventory | $ 3,02,500.00 |
Current assets | $ 6,13,500.00 |
Tangible net fixed assets | $ 16,65,000.00 |
Intangible net fixed assets | $ 6,30,000.00 |
Total assets | $ 29,08,500.00 |
Liabilities and equity | |
Accounts payable | $ 2,22,500.00 |
Notes payable | $ 1,35,000.00 |
Current liabilities | $ 3,57,500.00 |
Long term liabilities | |
Total liabilities | $ 3,57,500.00 |
Common stock | $ 13,11,000.00 |
Accumulated retained earnings | $ 12,40,000.00 |
Total liabilities and equity | $ 29,08,500.00 |
Prepare a 2017 balance sheet for Jarrow Corp. based on the following information: cash = $146,000;...
Prepare a 2017 balance sheet for Jarrow Corp. based on the
following information: cash = $146,000; patents and copyrights =
$630,000; accounts payable = $222,500; accounts receivable =
$165,000; tangible net fixed assets = $1,665,000; inventory =
$302,500; notes payable = $135,000; accumulated retained earnings =
$1,240,000; long-term debt = $864,000
Complete the following analysis. Do not hard core values in your
answers meaning: a calculation using cells, not numbers, is
needed.
Sales Costs Other expenses EBIT Interest expense Taxable...
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash $129,000; Patents and copyrights $630,000; Accounts payable $211,000; Accounts receivable $125,000; Tangible net fixed assets $1,625,000; Inventory $294,000; Notes payable $170,000; Accumulated retained earnings- $1,274,000; Long-term debt -$847,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.) ROGERS CORP Balance Sheet Assets Liabilities and Equity Cash Accounts receivable Inventory 129,000 125,000 294,000 Accounts payable Notes payable Crrent labilites Current...
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $147,000; Patents and copyrights = $630,000; Accounts payable = $223,500; Accounts receivable = $117,500; Tangible net fixed assets = $1,670,000; Inventory = $303,000; Notes payable = $140,000; Accumulated retained earnings = $1,238,000; Long-term debt = $865,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.) ROGERS CORP. Balance Sheet Assets Liabilities and Equity Current liabilites Total liabilities Total...
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $143,000; Patents and copyrights = $630,000; Accounts payable = $220,500; Accounts receivable = $115,000; Tangible net fixed assets = $1,660,000; Inventory = $301,000; Notes payable = $120,000; Accumulated retained earnings = $1,246,000; Long-term debt = $861,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.) ROGERS CORP. Balance Sheet Assets Liabilities and Equity Current liabilites Total liabilities Total...
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $131.000; Patents and copyrights = $630,000: Accounts payable - $212,000. Accounts receivable = $107,500; Tangible net fixed assets = $1,630,000: Inventory = $295,000 Notes payable = $180,000; Accumulated retained earnings = $1,270,000: Long-term debt = $849,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.) ROGERS CORP. Balance Sheet Assets Liabilities and Equity Current liabilites Total liabilities ROGERS...
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $139,000; Patents and copyrights = $630,000; Accounts payable = $217,500; Accounts receivable = $112,500; Tangible net fixed assets = $1,650,000; Inventory = $299,000; Notes payable = $160,000; Accumulated retained earnings = $1,254,000; Long-term debt = $857,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.)
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $144,000; Patents and copyrights = $630,000; Accounts payable = $221,000; Accounts receivable = $110,000; Tangible net fixed assets = $1,660,000; Inventory = $301,500; Notes payable = $125,000; Accumulated retained earnings = $1,244,000; Long-term debt = $862,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.)
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $137,000; Patents and copyrights $630,000; Accounts payable $216,000; Accounts receivable $130,000: Tangible net fixed assets $1,645,000; Inventory $298,000; Notes payable $150,000; Accumulated retained earnings $1,258,000; Long-term debt $855,000, (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.)
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $141,000; Patents and copyrights = $630,000; Accounts payable = $219,000; Accounts receivable = $132,500; Tangible net fixed assets = $1,655,000; Inventory = $300,000; Notes payable = $110,000; Accumulated retained earnings = $1,250,000; Long-term debt = $859,000.
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $133,000; Patents and copyrights = $630,000; Accounts payable = $213,500; Accounts receivable = $127,500; Tangible net fixed assets = $1,635,000; Inventory = $296,000; Notes payable = $190,000; Accumulated retained earnings = $1,266,000; Long-term debt = $851,000.