Homework Answers
Balance sheet of sand hill company for the year ended 31st December 2022.
SANDHILL CO
BALANCE SHEET
DECEMBER 31, 2022
| Particulars | Amount($) |
| Cash | 16,300 |
| Dividends | 7,200 |
| Accounts Receivable | 12,400 |
| Supplies | 10,200 |
| Equipment | 42000 |
| TOTAL | 88,100 |
| LIABILITIES AND SHARE HOLDERS EQUITY | |
| Common stock | 46000 |
| Retained Earnings | 26300 |
| Accounts payable | 15800 |
| TOTAL | 88,100 |
Assets are listed in the order of equity.
Accounts receivable should be shown assets side.
In case of notes to accounts a column is added.
If you need balance sheet any other format please comment.
THANKING YOU.
Add Answer to:
Wayne Holtz is the bookkeeper for Sandhill Co. Wayne has been trying to get the balance...
PHANIE VEHS BACK NEXT Wayne Holtz is the bookkeeper for Carla Vista Co.. Wayne has been...
PHANIE VEHS BACK NEXT Wayne Holtz is the bookkeeper for Carla Vista Co.. Wayne has been trying to get the balance sheet of Carla Vista Co, to balance. It finally balanced, but now he's not sure it is correct. Assets Cash Supplies Equipment Dividends Carla Vista Co. Balance Sheet December 31, 2022 Liabilities and Stockholders' Equity $15,700 Accounts payable $15,000 9,400 Accounts receivable (12,400) 37,500 Common stock 46,000 6,000 Retained earnings 20,000 $68,600 Total liabilities and stockholders $68,600 equity Total...
Your answer is partially correct. Wayne Holtz is the bookkeeper for Bonita Industries. Wayne has been...
Your answer is partially correct. Wayne Holtz is the bookkeeper for Bonita Industries. Wayne has been trying to get the balance sheet Bonita Industries Balance Sheet December 31, 2017 Assets Liabilities and Stockholders' Equity Cash $12,800 Accounts 0 $10,800 Supplies 14,700 (17,200 ) 0 Equipment 34,800 45,200 Dividends 13,200 36,700 Retained earning Total liabilities and stockholders' equity Total assets $75,500 $75,500 Prepare a correct balance sheet. (List assets in order of liquidity) Bonita Industries Balance Sheet December 31, 2017 December...
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...
Prepare a classified balance sheet for the partnership after the partners’ investments on December 31, 2022.
Prepare a classified balance sheet for the partnership after the partners’ investments on December 31, 2022. THE IVANHOE PARTNERSHIPBalance Sheetchoose the accounting period For the Quarter Ended December 31 , 2022December 31 , 2022For the Year Ended December 31 , 2022Assetsselect an opening name for subsection one ...
Exercise 16-12 a-b (Part Level Submission) (Video) Sandhill Company has the following data at December 31, 2020....
Exercise 16-12 a-b (Part Level Submission) (Video) Sandhill Company has the following data at December 31, 2020. Securities Cost Fair Value Trading $118,600 $123,200 Available-for-sale 103,800 90,600 The available-for-sale securities are held as a long-term investment. (a) (b) Indicate the statement presentation of each class of securities and the related unrealized gain (loss) ace Sandhill Company Balance Sheet (Partial) December 31, 2020 Current Assets 123200 Investments Sandhill Company Income Statement (Partial) December 31, 2020 Sandhill, Company Comprehensive Income Statement December...
Splish Company has decided to expand its operations. The bookkeeper recently completed the following balance sheet...
Splish Company has decided to expand its operations. The bookkeeper recently completed the following balance sheet in order to obtain additional funds for expansion. $231,500 341,500 402,500 141,500 571,500 161,500 176,500 SPLISH COMPANY BALANCE SHEET FOR THE YEAR ENDED 2020 Current assets Cash Accounts receivable (net) Inventory (lower-of-average-cost-or-market) Equity investments (marketable) at cost (fair value $121,500) Property, plant, and equipment Buildings (net) Equipment (net) Land held for future use Intangible assets Goodwill Cash surrender value of life insurance Prepaid expenses...
For a recent 2-year period, the balance sheet of Vaughn Company showed the following stockholders’ equity...
For a recent 2-year period, the balance sheet of Vaughn Company
showed the following stockholders’ equity data at December 31 (in
millions).
2017
2016
Additional paid-in
capital
$ 920
$ 818
Common stock
657
648
Retained earnings
7,190
5,260
Treasury stock
1,786
928
Total
stockholders’ equity
$6,981
$5,798
Common stock shares
issued
219
216
Common stock shares
authorized
500
500
Treasury stock shares
38
29
(a) Answer the following questions.
(1) What is the par value of the common stock?...
Required Use the following information to prepare a classified balance sheet for Alpha Co. at the...
Required Use the following information to prepare a classified balance sheet for Alpha Co. at the end of 2018. Accounts receivable $44,980 9,815 13,320 40,500 17,000 22,800 28,075 30, 260 Accounts payable Cash Common stock Land Long-term notes payable Merchandise inventory Retained earnings ALPHA CO. Classified Balance Sheet As of December 31, 2018 Assets ALPHA CO. Classified Balance Sheet As of December 31, 2018 Assets Current assets Total current assets Property, plant and equipment Total property, plant and equipment Total...
Pharoah Company is a private camping ground near the Mount Miguel Recreation Area. It has compiled...
Pharoah Company is a private camping ground near the Mount
Miguel Recreation Area. It has compiled the following financial
information as of December 31, 2017.
Service revenue (from camping fees)
$198,000
Dividends
$13,500
Sales revenue (from general store)
37,500
Notes payable
75,000
Accounts payable
16,500
Expenses during 2017
189,000
Cash
12,750
Supplies
8,250
Equipment
171,000
Common stock
60,000
Retained earnings (1/1/2017)
7,500
Determine Pharoah Company’s net income for 2017.
Pharoah Company’s net income for 2017
$enter Pharoah Company’s net income...
The current assets and current liabilities sections of the balance sheet of Sheffield Company appear as...
The current assets and current liabilities sections of the
balance sheet of Sheffield Company appear as follows.
The current assets and current liabilities sections of the balance sheet of Shetfield Company appear as fcllows. LD COMPANY BALANCE SHEET (PARTIAL) DECEMBER 31, 2017 Cash 43,100 Accounts payable 63,430 Accounts receivable $91,400 Nates payable Less: Allowance for doubtful accounts 9,290 3,110 155,030 9,460 5300,700 $126,940 Prepaid expenses The following errors in tha corporation's accounting have been discovered: 1. January 2018 cash disbursements...
PHANIE VEHS BACK NEXT Wayne Holtz is the bookkeeper for Carla Vista Co.. Wayne has been trying to get the balance sheet of Carla Vista Co, to balance. It finally balanced, but now he's not sure it is correct. Assets Cash Supplies Equipment Dividends Carla Vista Co. Balance Sheet December 31, 2022 Liabilities and Stockholders' Equity $15,700 Accounts payable $15,000 9,400 Accounts receivable (12,400) 37,500 Common stock 46,000 6,000 Retained earnings 20,000 $68,600 Total liabilities and stockholders $68,600 equity Total...
Your answer is partially correct. Wayne Holtz is the bookkeeper for Bonita Industries. Wayne has been trying to get the balance sheet Bonita Industries Balance Sheet December 31, 2017 Assets Liabilities and Stockholders' Equity Cash $12,800 Accounts 0 $10,800 Supplies 14,700 (17,200 ) 0 Equipment 34,800 45,200 Dividends 13,200 36,700 Retained earning Total liabilities and stockholders' equity Total assets $75,500 $75,500 Prepare a correct balance sheet. (List assets in order of liquidity) Bonita Industries Balance Sheet December 31, 2017 December...
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...
Exercise 16-12 a-b (Part Level Submission) (Video) Sandhill Company has the following data at December 31, 2020. Securities Cost Fair Value Trading $118,600 $123,200 Available-for-sale 103,800 90,600 The available-for-sale securities are held as a long-term investment. (a) (b) Indicate the statement presentation of each class of securities and the related unrealized gain (loss) ace Sandhill Company Balance Sheet (Partial) December 31, 2020 Current Assets 123200 Investments Sandhill Company Income Statement (Partial) December 31, 2020 Sandhill, Company Comprehensive Income Statement December...
Splish Company has decided to expand its operations. The bookkeeper recently completed the following balance sheet in order to obtain additional funds for expansion. $231,500 341,500 402,500 141,500 571,500 161,500 176,500 SPLISH COMPANY BALANCE SHEET FOR THE YEAR ENDED 2020 Current assets Cash Accounts receivable (net) Inventory (lower-of-average-cost-or-market) Equity investments (marketable) at cost (fair value $121,500) Property, plant, and equipment Buildings (net) Equipment (net) Land held for future use Intangible assets Goodwill Cash surrender value of life insurance Prepaid expenses...
For a recent 2-year period, the balance sheet of Vaughn Company
showed the following stockholders’ equity data at December 31 (in
millions).
2017
2016
Additional paid-in
capital
$ 920
$ 818
Common stock
657
648
Retained earnings
7,190
5,260
Treasury stock
1,786
928
Total
stockholders’ equity
$6,981
$5,798
Common stock shares
issued
219
216
Common stock shares
authorized
500
500
Treasury stock shares
38
29
(a) Answer the following questions.
(1) What is the par value of the common stock?...
Required Use the following information to prepare a classified balance sheet for Alpha Co. at the end of 2018. Accounts receivable $44,980 9,815 13,320 40,500 17,000 22,800 28,075 30, 260 Accounts payable Cash Common stock Land Long-term notes payable Merchandise inventory Retained earnings ALPHA CO. Classified Balance Sheet As of December 31, 2018 Assets ALPHA CO. Classified Balance Sheet As of December 31, 2018 Assets Current assets Total current assets Property, plant and equipment Total property, plant and equipment Total...
Pharoah Company is a private camping ground near the Mount
Miguel Recreation Area. It has compiled the following financial
information as of December 31, 2017.
Service revenue (from camping fees)
$198,000
Dividends
$13,500
Sales revenue (from general store)
37,500
Notes payable
75,000
Accounts payable
16,500
Expenses during 2017
189,000
Cash
12,750
Supplies
8,250
Equipment
171,000
Common stock
60,000
Retained earnings (1/1/2017)
7,500
Determine Pharoah Company’s net income for 2017.
Pharoah Company’s net income for 2017
$enter Pharoah Company’s net income...
The current assets and current liabilities sections of the
balance sheet of Sheffield Company appear as follows.
The current assets and current liabilities sections of the balance sheet of Shetfield Company appear as fcllows. LD COMPANY BALANCE SHEET (PARTIAL) DECEMBER 31, 2017 Cash 43,100 Accounts payable 63,430 Accounts receivable $91,400 Nates payable Less: Allowance for doubtful accounts 9,290 3,110 155,030 9,460 5300,700 $126,940 Prepaid expenses The following errors in tha corporation's accounting have been discovered: 1. January 2018 cash disbursements...
Most questions answered within 3 hours.
-
write a c++ program that computes the L^1 - Norm of a given
vector (L^1 norm...
asked 1 minute ago -
A manufacturer of banana chips would like to know whether its
bag filling machine works correctly...
asked 8 minutes ago -
Complete the chapter case, "Turnover Analysis".
Chapter Case
Turnover Analysis
You recently completed your company’s new...
asked 10 minutes ago -
What is the pH of solutions having the following H3O+
concentrations? Identify each as acidic, basic,...
asked 23 minutes ago -
How does over-voltage of the diode usually occur?
asked 31 minutes ago -
If you step on a dirty nail, your doctor will recommend you
update your Tetanus vaccination....
asked 31 minutes ago -
Suppose that decreases in the price of milk lead to decrease s
in the retail prices...
asked 33 minutes ago -
To get a sample of a certain size, scores are taken one-by-one
from the observed data...
asked 39 minutes ago -
A check-processing center uses exponential smoothing to forecast
the number of incoming checks each month. The...
asked 49 minutes ago -
Teams with high levels of ______ and ______ deal with task
conflict better than those without...
asked 1 hour ago -
Create a C++ project called lab3b and add the following source
code init_struct.cpp to the project....
asked 1 hour ago -
12.
A budget that can be easily adjusted to show budgeted revenues,
costs, and cash flows...
asked 1 hour ago