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PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 $ $ 115,000 79,600...
The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: 2020 $...
The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: 2020 $ 159,000 89,500 75,500 1,500 PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 Assets Current assets: Cash $ 146,750 Accounts receivable 76,000 Inventory 90,000 Prepaid rent 3,000 Long-term assets: Land 455,000 Equipment 750,000 Accumulated depreciation (415, 000) Total assets $1,105,750 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 94,000 Interest payable 6,750 Income tax payable 7,000 Long-term liabilities: Notes payable 112,500...
The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: PLASMA SCREENS...
The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 Assets Current assets: Cash $155,850 75,200 88,000 2,600 174,600 88,500 73,700 1,300 Accounts receivable Inventory Prepaid rent Long-term assets: Land 445,000 738,000 (409,000) $1,095,650 445,000 635,000 (254,000) $1,164,100 Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities : Notes payable Stockholders' equity: $...
The balance sheets for Plasma Screens Corporation, along with additional information are provided below. PLASMA SC...
The balance sheets for Plasma Screens Corporation, along with additional information are provided below. PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 $ $ 108,900 82, eee 105,000 6,eee 126,800 97,000 89,000 3, cee Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Land Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities...
Check my work The balance sheets for Plasma Screens Corporation, along with additional information, are provided...
Check my work The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 10 points 2021 2020 $ $ eBook 151,300 75,600 89,000 2,800 166,800 89,000 74,600 1,400 Hint References Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Land Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity:...
1.2. 3. Hardware Suppliers reports net income of $157,000. Included in net income is a gain on the sale of land of $16,...
1.2.
3.
Hardware Suppliers reports net income of $157,000. Included in net income is a gain on the sale of land of $16,000. A comparison of this year's and last year's balance sheets reveals an increase in accounts receivable of $27,000, an increase in inventory of $16,000, and a decrease in accounts payable of $47,000. Required: Prepare the operating activities section of the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as...
The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: 2017 PLASMA...
The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: 2017 PLASMA SCREENS CORPORATION Balance Sheets December 31, 2018 and 2017 2018 Assets: Current assets: Cash 90,850 $ Accounts receivable 64,500 Inventory 75,500 Prepaid rent 7,950 Long-term assets: Land 455,000 Equipment 990,000 Accumulated depreciation (572,000) 146.750 76,000 90,000 3,000 455,000 750,000 (415,000) Total assets 11,800 $ 1,105,750 94.000 6,750 Liabilities and Stockholders' Equity: Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable...
The balance sheet for Plasma Screens Corporation, along with additional information, are provided below. 2017 $...
The balance sheet for Plasma Screens Corporation, along with additional information, are provided below. 2017 $ PLASMA SCREENS CORPORATION Balance Sheets December 31, 2018 and 2017 2018 Assets: Current assets: Cash $ 114,250 Accounts receivable 79,200 Inventory 98,000 Prepaid rent 4,600 Long-term assets: Land 495,000 Equipment 802,000 Accumulated depreciation (431,000) 128,400 93,500 82,700 2,300 495,000 685,000 (274,000) Total assets $1,162,050 $1,212,900 Liabilities and Stockholders' Equity Current liabilities Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity...
help please explain how i do this The balance sheet for Plasma Screens Corporation, along with...
help please explain how i do
this
The balance sheet for Plasma Screens Corporation, along with additional information, are provided below. PLASMA SCREENS CORPORATION Balance Sheets December 31, 2018 and 2017 2018 2017 Assets: Current assets: Cash $ 113,500 $ 125,600 Accounts receivable 78.800 93,000 Inventory 97,000 81,800 Prepaid rent 4,400 2,200 Long-term assets: Land 490,000 490,000 Equipment 798,000 680,000 Accumulated depreciation (430,000) (272,000) Total assets $ 1,151,700 $ 1,200,600 $ Liabilities and Stockholders' Equity: Current liabilities: Accounts payable Interest...
DUX COMPANY Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands) 2021 2020 Assets...
DUX COMPANY
Comparative Balance Sheets
December 31, 2021 and 2020
($ in thousands)
2021
2020
Assets
Cash
$
33
$
20
Accounts receivable
48
50
Less: Allowance for uncollectible accounts
(4
)
(3
)
Dividends receivable
3
2
Inventory
55
50
Long-term investment
15
10
Land
70
40
Buildings and equipment
225
250
Less: Accumulated depreciation
(25
)
(50
)
$
420
$
369
Liabilities
Accounts payable
$
13
$
20
Salaries payable
2
5
Interest payable
4
2
Income...
Rojas Corporation’s comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020...
Rojas Corporation’s comparative balance sheets are presented
below.
ROJAS CORPORATION
Comparative Balance Sheets
December 31
2020
2019
Cash
$14,500
$10,700
Accounts receivable
20,800
23,800
Land
19,600
26,300
Buildings
70,100
70,100
Accumulated depreciation—buildings
(15,000
)
(10,700
)
Total
$110,000
$120,200
Accounts payable
$11,800
$28,300
Common stock
75,000
73,400
Retained earnings
23,200
18,500
Total
$110,000
$120,200
Additional information:
1.
Net income was $22,800. Dividends declared and paid were
$18,100.
2.
No noncash investing and financing activities occurred during
2020.
3.
The land...
The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: 2020 $ 159,000 89,500 75,500 1,500 PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 Assets Current assets: Cash $ 146,750 Accounts receivable 76,000 Inventory 90,000 Prepaid rent 3,000 Long-term assets: Land 455,000 Equipment 750,000 Accumulated depreciation (415, 000) Total assets $1,105,750 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 94,000 Interest payable 6,750 Income tax payable 7,000 Long-term liabilities: Notes payable 112,500...
The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 Assets Current assets: Cash $155,850 75,200 88,000 2,600 174,600 88,500 73,700 1,300 Accounts receivable Inventory Prepaid rent Long-term assets: Land 445,000 738,000 (409,000) $1,095,650 445,000 635,000 (254,000) $1,164,100 Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities : Notes payable Stockholders' equity: $...
The balance sheets for Plasma Screens Corporation, along with additional information are provided below. PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 $ $ 108,900 82, eee 105,000 6,eee 126,800 97,000 89,000 3, cee Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Land Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities...
Check my work The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 10 points 2021 2020 $ $ eBook 151,300 75,600 89,000 2,800 166,800 89,000 74,600 1,400 Hint References Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Land Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity:...
1.2.
3.
Hardware Suppliers reports net income of $157,000. Included in net income is a gain on the sale of land of $16,000. A comparison of this year's and last year's balance sheets reveals an increase in accounts receivable of $27,000, an increase in inventory of $16,000, and a decrease in accounts payable of $47,000. Required: Prepare the operating activities section of the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as...
The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: 2017 PLASMA SCREENS CORPORATION Balance Sheets December 31, 2018 and 2017 2018 Assets: Current assets: Cash 90,850 $ Accounts receivable 64,500 Inventory 75,500 Prepaid rent 7,950 Long-term assets: Land 455,000 Equipment 990,000 Accumulated depreciation (572,000) 146.750 76,000 90,000 3,000 455,000 750,000 (415,000) Total assets 11,800 $ 1,105,750 94.000 6,750 Liabilities and Stockholders' Equity: Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable...
The balance sheet for Plasma Screens Corporation, along with additional information, are provided below. 2017 $ PLASMA SCREENS CORPORATION Balance Sheets December 31, 2018 and 2017 2018 Assets: Current assets: Cash $ 114,250 Accounts receivable 79,200 Inventory 98,000 Prepaid rent 4,600 Long-term assets: Land 495,000 Equipment 802,000 Accumulated depreciation (431,000) 128,400 93,500 82,700 2,300 495,000 685,000 (274,000) Total assets $1,162,050 $1,212,900 Liabilities and Stockholders' Equity Current liabilities Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity...
help please explain how i do
this
The balance sheet for Plasma Screens Corporation, along with additional information, are provided below. PLASMA SCREENS CORPORATION Balance Sheets December 31, 2018 and 2017 2018 2017 Assets: Current assets: Cash $ 113,500 $ 125,600 Accounts receivable 78.800 93,000 Inventory 97,000 81,800 Prepaid rent 4,400 2,200 Long-term assets: Land 490,000 490,000 Equipment 798,000 680,000 Accumulated depreciation (430,000) (272,000) Total assets $ 1,151,700 $ 1,200,600 $ Liabilities and Stockholders' Equity: Current liabilities: Accounts payable Interest...
DUX COMPANY
Comparative Balance Sheets
December 31, 2021 and 2020
($ in thousands)
2021
2020
Assets
Cash
$
33
$
20
Accounts receivable
48
50
Less: Allowance for uncollectible accounts
(4
)
(3
)
Dividends receivable
3
2
Inventory
55
50
Long-term investment
15
10
Land
70
40
Buildings and equipment
225
250
Less: Accumulated depreciation
(25
)
(50
)
$
420
$
369
Liabilities
Accounts payable
$
13
$
20
Salaries payable
2
5
Interest payable
4
2
Income...
Rojas Corporation’s comparative balance sheets are presented
below.
ROJAS CORPORATION
Comparative Balance Sheets
December 31
2020
2019
Cash
$14,500
$10,700
Accounts receivable
20,800
23,800
Land
19,600
26,300
Buildings
70,100
70,100
Accumulated depreciation—buildings
(15,000
)
(10,700
)
Total
$110,000
$120,200
Accounts payable
$11,800
$28,300
Common stock
75,000
73,400
Retained earnings
23,200
18,500
Total
$110,000
$120,200
Additional information:
1.
Net income was $22,800. Dividends declared and paid were
$18,100.
2.
No noncash investing and financing activities occurred during
2020.
3.
The land...
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