Question

In Accounting

Question 1 View Policies Current Attempt in Progress These items are taken from the financial statements of Carla Vista Co.at December 31, 2022. Buildings Accounts receivable Prepaid insurance Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2022) Accumulated depreciation-buildings Accounts payable Notes payable Accumulated depreciation equipment Interest payable Service revenue $124,844 14,868 3,776 13,971 97,232 72,216 920 6,254 3,068 70,800 47,199 53,808 11,210 110,448 22,090 4,248 17,346

Answer 1

CARL VISTA CO Balance Sheet For the year ended December 31, 2022 Assets Current assets: Cash 13971 Accounts Receivable 14868 Prepaid Insurance 3776 Total Current assets Property, Plant and Equipment: Land 72216 Equipment 97232 Less: Accumulated Depreciation - Equipment -22090 75142 Buildings 124844 Less: Accumulated Depreciation - Building -5380871036 Total Assets 32615 218394 251009

11210 4248 16048 31506 Liabilities and stockholders' Equity Current Liabilities: Accounts payable Interest payable Notes payable Total Current assets Long term Liabilities: Notes payable Total Liabilities Shareholders' Equity Common stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholder's Equity 94400 125906 70800 54303 125103 251009