Use the following financial statements and additional information. BARCELONA INC. Comparative Balance Sheets June 30, 2017...
BARCELONA INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 Assets Cash $ 86,300 $ 41,700 Accounts receivable, net 78,000 61,000 Inventory 66,000 92,000 Prepaid expenses 5,000 6,300 Total current assets 235,300 201,000 Equipment 153,000 142,000 Accum. depreciation—Equipment (39,000 ) (13,000 ) Total assets $ 349,300 $ 330,000 Liabilities and Equity Accounts payable $ 30,000 $ 36,000 Wages payable 8,000 19,000 Income taxes payable 3,600 4,000 Total current liabilities 41,600 59,000 Notes payable (long term) 38,000 75,000 Total...
The following financial statements and additional information are reported. IKIBAN INC Comparative Balance Sheets June 30, 2e17 and 2816 2e17 2016 Assets Cash Accounts receivable, net Inventory Propaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets s 66,e0e 73,000 119,see 9,800 268,308 137,000 (20,000) $385,308 $ 94,300 98,808 85,800 6,600 284,708 146,808 (38,000) $392,788 Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long tere) $ 47,808 8,200 5,608 60,800 52,000 112,800 $63,000...
The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 $ 106,300 68,000 65,800 4,600 244,700 126,000 (28,000) $342,700 $ 46,000 53,000 89,500 5,800 194,300 117,000 (10,000) $301,300 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities Equity Common stock, $5 par value...
The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 Assets Cash $ 102,100 $ 53,000 Accounts receivable, net 78,500 60,000 Inventory 72,800 100,000 Prepaid expenses 5,300 7,200 Total current assets 258,700 220,200 Equipment 133,000 124,000 Accum. depreciation—Equipment (31,500 ) (13,500 ) Total assets $ 360,200 $ 330,700 Liabilities and Equity Accounts payable $ 34,000 $ 43,500 Wages payable 6,900 16,800 Income taxes payable 4,300 5,600 Total current liabilities...
The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 Assets Cash $ 74,900 $ 65,000 Accounts receivable, net 96,500 72,000 Inventory 84,800 118,000 Prepaid expenses 6,500 9,600 Total current assets 262,700 264,600 Equipment 145,000 136,000 Accum. depreciation—Equipment (37,500 ) (19,500 ) Total assets $ 370,200 $ 381,100 Liabilities and Equity Accounts payable $ 46,000 $ 61,500 Wages payable 8,100 19,200 Income taxes payable 5,500 8,000 Total current liabilities...
The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 $ 75,500 95,000 83,800 6,400 260,700 144,000 (37,000) $367,700 $ 64,000 71,000 116,500 9,400 260,900 135,000 (19,000) $376,900 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities Equity Common stock, $5 par value...
The following financial statements and additional information are reported IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 $ 73,700 99,500 86,800 6,700 266, 700 147.000 (38,500) $375,200 $ 67,000 74,000 121,000 10,000 272,000 138,000 (20.500) $389,500 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities Equity Common stock, $5 par...
The following financial statements and additional Information are reported. 2018 IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 Assets Cash $ 79,700 Accounts receivable, net 84,500 Inventory 76,800 Prepaid expenses 5,700 Total current assets 246,700 Equipment 137,000 Accum. depreciation-Equipment (33,500) Total assets $350,200 Liabilities and Equity Accounts payable $ 38,000 Wages payable 7,300 Income taxes payable 4,700 Total current liabilities 50,000 Notes payable (long term) 32,600 Total liabilities 82,600 Equity Common stock, $5 par value 246,000 Retained...
The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 $ 73,700 99,500 86,800 6,700 266,709 147,000 (38,500) $375,200 $ 67,000 74,000 121,000 10,000 272,000 138,000 (20,500 $389,500 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accum. depreciation Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities Equity Common stock, $5 par...
The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 $106,300 68,000 65,800 4,600 244,700 126,000 (28,000) $342,700 $ 46,000 53,000 89,500 5,800 194,300 117,000 (10,000) $301,300 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities Equity Common stock, $5 par value Retained...