Homework Answers
| PHAROAH COMPANY | |
| Partial Balance Sheet | |
| Current Assets: | |
| Cash | 13,520 |
| Debit Investments ( Short-term) | 10,660 |
| Accounts receivable | 18,200 |
| Supplies | 4,940 |
| Prepaid insurance | 3,380 |
| Total Current Assets | $50,700 |
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A list of financial statement items for Pharoah Company includes the following: accounts receivable $18,200; prepaid...
A list of financial statement items for Blossom Company includes the following: accounts receivable $22,400; prepaid...
A list of financial statement items for Blossom Company includes the following: accounts receivable $22,400; prepaid insurance $4,160; cash $16,640; supplies $6,080; and debt investments (short-term) $13,120. Prepare the current assets section of the balance sheet listing the items in the proper sequence. (List current assets in order of liquidity.) BLOSSOM COMPANY Partial Balance Sheet
QueSLIUI 7 View Policies Current Attempt in Progress A list of financial statement items for Wildhorse...
QueSLIUI 7 View Policies Current Attempt in Progress A list of financial statement items for Wildhorse Co. Includes the following accounts receivable $21,700, prepaid insurance $4,030; cash $16,120 supplies $5,890; and debt Investments (short-term) $12,710. Prepare the current assets section of the balance sheet listing the items in the proper sequence. (List current assets in order of liquidity) WILDHORSE CO. Partial Balance Sheet Tool Content e Textbook and Media I let of Accounts
Question 2 Current Attempt in Progress A list of francial statement items for Blossom Company includes...
Question 2 Current Attempt in Progress A list of francial statement items for Blossom Company includes the following accounts receivable $29.00, prepaid insurance 15.460 cash $21.840, supplies $7.900, and debt investments short term $17, 220 Prepare the current assets section of the balance sheet llating the items in the proper sequence is current resorder of it) som Commy Partial Balance Sheet
A list of financial statement items for Ivanhoe Corporation includes the following: accounts receivable $15,300; cash...
A list of financial statement items for Ivanhoe Corporation
includes the following: accounts receivable $15,300; cash $15,600;
inventory $9,300; supplies $2,300; prepaid insurance $3,000;
accumulated depreciation—buildings $32,300; accumulated
depreciation—equipment $23,600; buildings $109,500; equipment
$70,900; and land $63,100. Prepare the assets section of the
statement of financial position. (List Current Assets
in order of liquidity. List Property, Plant, and Equipment in order
of Land, Buildings and Equipment.)
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A list of financial statement items for Cullumber Corporation includes the following: accounts receivable $15,400; cash...
A list of financial statement items for Cullumber Corporation includes the following: accounts receivable $15,400; cash $15,800; inventory $10,000; supplies $2,800; prepaid insurance $4,200; accumulated depreciation-buildings $33,000; accumulated depreciation-equipment $26,700; buildings $108,000; equipment $68,900; and land $64,300. Prepare the assets section of the statement of financial position. (List Current Assets in order of liquidity. List Property, Plant, and Equipment in order of Land, Buildings and Equipment.) CULLUMBER CORPORATION Statement of Financial Position (Partial) Assets
1. The following items are taken from the financial statements of Cullumber Company at December 31,...
1. The following items are taken from the financial statements of Cullumber Company at December 31, 2022. Land $196,500 Accounts receivable 21,300 Supplies 10,100 Cash 12,000 Equipment 83,100 Buildings 261,400 Land improvements 46,250 Notes receivable (due in 2023) 5,100 Accumulated depreciation—land improvements 13,100 Common stock 73,500 Retained earnings (December 31, 2022) 502,000 Accumulated depreciation—buildings 34,200 Accounts payable 9,300 Mortgage payable 90,150 Accumulated depreciation—equipment 18,700 Interest payable 3,800 Income taxes payable 15,200 Patents 47,100 Investments in stock (long-term) 72,200 Debt investments...
These items are taken from the financial statements of Pharoah Company at December 31, 2017. Buildings...
These items are taken from the financial statements of Pharoah Company at December 31, 2017. Buildings Accounts receivable Prepaid insurance Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2017) Accumulated depreciation-buildings Accounts payable Notes payable Accumulated depreciation-equipment Interest payable Service revenue $135,424 16,128 4,096 15,155 105,472 78,336 998 6,784 3,328 76,800 51,199 58,368 12,160 119,808 23,962 4,608 18,816 Prepare a classified balance sheet. Assume that $17,408 of the note payable will be paid...
Pharoah Company has collected the following information related to its December 31, 2022, balance sheet. Accounts...
Pharoah Company has collected the following
information related to its December 31, 2022, balance sheet.
Accounts receivable $15,000 Equipment $188,000 Accumulated
depreciation-equipment 46,300 Inventory 63,000 Cash 19,500 Supplies
6,300 Stock investments (long-term) 1,500 Goodwill 5,000
Do It! Review 2-012 Pharoah Company has collected the following information related to its December 31, 2022, balance sheet. Accounts receivable Accumulated depreciation-equipment Cash Stock investments (long-term) $15,000 46,300 19,500 1,500 Equipment Inventory Supplies Goodwill $188,000 63,000 6,300 5,000 Prepare the assets section of Pharoah...
Question 5 --/10 View Policies Current Attempt in Progress A list of financial statement items for...
Question 5 --/10 View Policies Current Attempt in Progress A list of financial statement items for Crane Corporation includes the following: accounts receivable $12.900; cash $15,100; inventory $8.900; supplies $5,700: prepaid insurance $4,400; accumulated depreciation-buildings $32,300; accumulated depreciation-equipment $24,400; buildings $108,500; equipment $69,500; and land $64,600. Prepare the assets section of the statement of financial position. (List Current Assets in order of liquidity. List Property, Plant, and Equipment in order of Land, Buildings and Equipment.) CRANE CORPORATION Statement of Financial...
Help needed please. The ledger of Rios Company contains the following balances: Retained Earnings $30,000; Dividends...
Help needed please.
The ledger of Rios Company contains the following balances: Retained Earnings $30,000; Dividends $2,000; Service Revenue $50,000; Salaries and Wages Expense $27,000; and Supplies Expense $7,000. Prepare the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 (To close revenue account) Dec. 31 (To dose expense accounts) Dec. 31 (To close net incomel (loss)) Dec. 31 (To close...
A list of financial statement items for Blossom Company includes the following: accounts receivable $22,400; prepaid insurance $4,160; cash $16,640; supplies $6,080; and debt investments (short-term) $13,120. Prepare the current assets section of the balance sheet listing the items in the proper sequence. (List current assets in order of liquidity.) BLOSSOM COMPANY Partial Balance Sheet
QueSLIUI 7 View Policies Current Attempt in Progress A list of financial statement items for Wildhorse Co. Includes the following accounts receivable $21,700, prepaid insurance $4,030; cash $16,120 supplies $5,890; and debt Investments (short-term) $12,710. Prepare the current assets section of the balance sheet listing the items in the proper sequence. (List current assets in order of liquidity) WILDHORSE CO. Partial Balance Sheet Tool Content e Textbook and Media I let of Accounts
Question 2 Current Attempt in Progress A list of francial statement items for Blossom Company includes the following accounts receivable $29.00, prepaid insurance 15.460 cash $21.840, supplies $7.900, and debt investments short term $17, 220 Prepare the current assets section of the balance sheet llating the items in the proper sequence is current resorder of it) som Commy Partial Balance Sheet
A list of financial statement items for Ivanhoe Corporation
includes the following: accounts receivable $15,300; cash $15,600;
inventory $9,300; supplies $2,300; prepaid insurance $3,000;
accumulated depreciation—buildings $32,300; accumulated
depreciation—equipment $23,600; buildings $109,500; equipment
$70,900; and land $63,100. Prepare the assets section of the
statement of financial position. (List Current Assets
in order of liquidity. List Property, Plant, and Equipment in order
of Land, Buildings and Equipment.)
IVANHOE CORPORATION Statement of Financial Position (Partial) Assets
A list of financial statement items for Cullumber Corporation includes the following: accounts receivable $15,400; cash $15,800; inventory $10,000; supplies $2,800; prepaid insurance $4,200; accumulated depreciation-buildings $33,000; accumulated depreciation-equipment $26,700; buildings $108,000; equipment $68,900; and land $64,300. Prepare the assets section of the statement of financial position. (List Current Assets in order of liquidity. List Property, Plant, and Equipment in order of Land, Buildings and Equipment.) CULLUMBER CORPORATION Statement of Financial Position (Partial) Assets
These items are taken from the financial statements of Pharoah Company at December 31, 2017. Buildings Accounts receivable Prepaid insurance Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2017) Accumulated depreciation-buildings Accounts payable Notes payable Accumulated depreciation-equipment Interest payable Service revenue $135,424 16,128 4,096 15,155 105,472 78,336 998 6,784 3,328 76,800 51,199 58,368 12,160 119,808 23,962 4,608 18,816 Prepare a classified balance sheet. Assume that $17,408 of the note payable will be paid...
Pharoah Company has collected the following
information related to its December 31, 2022, balance sheet.
Accounts receivable $15,000 Equipment $188,000 Accumulated
depreciation-equipment 46,300 Inventory 63,000 Cash 19,500 Supplies
6,300 Stock investments (long-term) 1,500 Goodwill 5,000
Do It! Review 2-012 Pharoah Company has collected the following information related to its December 31, 2022, balance sheet. Accounts receivable Accumulated depreciation-equipment Cash Stock investments (long-term) $15,000 46,300 19,500 1,500 Equipment Inventory Supplies Goodwill $188,000 63,000 6,300 5,000 Prepare the assets section of Pharoah...
Question 5 --/10 View Policies Current Attempt in Progress A list of financial statement items for Crane Corporation includes the following: accounts receivable $12.900; cash $15,100; inventory $8.900; supplies $5,700: prepaid insurance $4,400; accumulated depreciation-buildings $32,300; accumulated depreciation-equipment $24,400; buildings $108,500; equipment $69,500; and land $64,600. Prepare the assets section of the statement of financial position. (List Current Assets in order of liquidity. List Property, Plant, and Equipment in order of Land, Buildings and Equipment.) CRANE CORPORATION Statement of Financial...
Help needed please.
The ledger of Rios Company contains the following balances: Retained Earnings $30,000; Dividends $2,000; Service Revenue $50,000; Salaries and Wages Expense $27,000; and Supplies Expense $7,000. Prepare the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 (To close revenue account) Dec. 31 (To dose expense accounts) Dec. 31 (To close net incomel (loss)) Dec. 31 (To close...
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