please complete balance sheet The trial balance for K and J Nursery, Inc., listed the following...
HELP! The trial balance for K and J Nursery, Inc., listed the
following account balances at December 31, 2021, the end of its
fiscal year: cash, $27,000; accounts receivable, $22,000;
inventory, $36,000; equipment (net), $91,000; accounts payable,
$25,000; salaries payable, $10,500; interest payable, $6,500; notes
payable (due in 18 months), $41,000; common stock, $72,000. Prepare
a classified balance sheet for K and J Nursery, Inc. The equipment
originally cost $170,000. (Amounts to be deducted should be
indicated by a minus...
HELP! The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2021, the end of its fiscal year: cash, $22,000; accounts receivable, $17,000; inventory, $31,000; equipment (net), $86,000; accounts payable, $20,000; salaries payable, $8,000; interest payable, $4,000; notes payable (due in 18 months), $36,000; common stock, $62,000. Calculate total current assets and total current liabilities that would appear in the company's year-end balance sheet.
The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2021, the end of its fiscal year, cash, $25,000; accounts receivable, $20,000; inventory, $34,000, equipment (net). $89,000; accounts payable, $23,000, salaries payable, $9,500; interest payable, $5,500; notes payable (due in 18 months), $39.000, common stock, $68,000. Determine the year-end balance in retained earnings for K and J Nursery, Inc. Retained earnings
The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2021, the end of its fiscal year: cash, $26,000; accounts receivable, $21,000; inventory, $35,000; equipment (net). $90,000; accounts payable, $24,000; salaries payable, $10,000; interest payable, $6,000; notes payable (due in 18 months), $40,000; common stock, $70,000. Determine the year-end balance in retained earnings for K and J Nursery, Inc. Retained earnings
The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2018, the end of its fiscal year: cash, $16,000, accounts receivable. $11,000. Inventories, $25.000, equipment (net) $80,000, accounts payable, $14,000wages payable. $9.000, interest payable, $1,000, note payable (due in 18 months). $30,000, common stock, $50,000. Prepare a classified balance sheet for K and J Nursery, Inc. The equipment originally cost $140,000. (Amounts to be deducted should be indicated by a minus sign.) K...
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The following are the ending balances of accounts at December 31, 2021, for the Valley Pump Corporation. Account Title Credits Cash Debits $ 34,000 74,000 99,000 $ 19,000 62,000 138,000 345,000 109,000 93,000 34,000 Accounts receivable Inventory Interest payable Investment in equity securities Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation equipment Copyright (net) Prepaid expenses (next 12 months) Accounts payable Deferred revenue (next 12 months) Notes payable Allowance for uncollectible...
The following balance sheet for the Los Gatos Corporation was prepared by a recently hired accountant. In reviewing the statement you notice several errors. $ LOS GATOS CORPORATION Balance Sheet At December 31, 2021 Assets Cash Accounts receivable Inventory Machinery (net) Franchise (net) Total assets Liabilities and Shareholders' Equity Accounts payable Allowance for uncollectible accounts Notes payable Bonds payable Shareholders' equity Total liabilities and shareholders' equity 48,000 92,000 59,000 124,000 34,000 357,000 $ $ 58,000 9,000 63,000 114,000 113,000 357,000...
Please solve
Check m The following is a December 31, 2021, post-closing trial balance for the Jackson Corporation. Account Title Cash Accounts receivable Inventory Prepaid rent (for the next 8 months) Investment in equity securities (short term) Machinery Accumulated depreciation Patent (net) Accounts payable Salaries payable Income taxes payable Bonds payable (due in 10 years) Common stock Retained earnings Totals Debits Credits $ 57,000 51,000 92,000 33,000 27,000 230,000 $ 28,000 96,000 16,500 12,500 49,000 240,000 200,000 40,000 $586,000 $586,000...
please show correct numbers
We were unable to transcribe this imageW Answer is not complete. WEISMULLER PUBLISHING COMPANY Balance Sheet At December 31, 2021 Assets Current assets: Cash and cash equivalents Investment in equity securities Accounts receivable 164,000 Allowance for uncollectible accounts (18,000) Net accounts receivable Inventory Prepaid expenses 101,000 144,000 146,000 287,000 90,000 768,000 $ Total current assets Property, plant, and equipment: Equipment Accumulated depreciation Net property, plant, and equipment Other assets: Prepaid expenses 324,000 (112,000) 212,000 62,000 $...
Balance Sheet: Use the following financial information to prepare a balance sheet: Burger Shack, Inc.; Balance Sheet Inventory 335,000 Accounts Receivable Accounts Payable 40.000 Buildings Furniture and Fixtures 16,000 Trademark Mortgage 325,000 Note Payable (6 month) Equipment and Vehicles 40,000 Retained Earnings Notes Receivable (3 month) 50,000 Land Common Stock (1,000,000 shares) 100,000 Cash Salaries Payable 90,000 192,000 110,000 20,000 150,000 113,000 40,000 15,000 Assets Current Assets Total Current Assets Fixed Assets Total Fixed Assets Intangible Assets Total Intangible Assets...