Homework Answers
1&2)
T-Accounts and ending balances:
| Cash | Investments (Short-term) | |||||||
| Beg. Bal. | $22,000 | $10,000 | a) | Beg. Bal. | $3,000 | |||
| e) | $11,000 | $5,000 | b) | a) | $10,000 | |||
| f) | $9,000 | $5,000 | c) | |||||
| i) | $1,000 | $3,000 | g) | |||||
| $8,000 | h) | End. Bal. | $13,000 | |||||
| End. Bal. | $12,000 | |||||||
| Accounts Receivable | Inventory | |||||||
| Beg. Bal. | $3,000 | Beg. Bal. | $20,000 | |||||
| End. Bal. | $3,000 | End. Bal. | $20,000 | |||||
| Notes Receivable (long-term) | Equipment | |||||||
| Beg. Bal. | $1,000 | Beg. Bal. | $50,000 | $1,000 | i) | |||
| b) | $5,000 | c) | $18,000 | |||||
| End. Bal. | $6,000 | End. Bal. | $67,000 | |||||
| Factory Building | Intangibles | |||||||
| Beg. Bal. | $90,000 | Beg. Bal. | $5,000 | |||||
| h) | $24,000 | g) | $3,000 | |||||
| End. Bal. | $114,000 | End. Bal. | $8,000 | |||||
| Accounts Payable | Accrued Liabilities Payable | |||||||
| Beg. Bal. | $15,000 | Beg. Bal. | $4,000 | |||||
| End. Bal. | $4,000 | |||||||
| End. Bal. | $15,000 | |||||||
| Notes Payable (Current) | Notes Payable (Non-current) | |||||||
| Beg. Bal. | $7,000 | Beg. Bal. | $47,000 | |||||
| $13,000 | c) | $16,000 | h) 24,000 - $8,000 | |||||
| $9,000 | f) | End. Bal. | $63,000 | |||||
| End. Bal. | $29,000 | |||||||
| Common Stock | Additional Paid-in Capital | |||||||
| Beg. Bal. | $10,000 | Beg. Bal. | $80,000 | |||||
| $1,000 | e) 2,500 * $0.5 | $10,000 | e) $11,000 - $1,000 | |||||
| End. Bal. | $11,000 | End. Bal. | $90,000 | |||||
| Retained Earnings | ||||||||
| Beg. Bal. | $31,000 | |||||||
| End. Bal. | $31,000 | |||||||
Add Answer to:
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Where is uncomplete？
The following information applies to the questions displayed below) Cougar Plastics Company has been operating for three years. At December 31 of last year, the accounting records reflected the following: $13,000 3,600 5100 47000 0,000 90000 51800 Cash $ 28,000 Accounts payable 2,800 Accrued liabilities payable 4,200 Notes payable (short-term) 31000 Notes payable (long-term) 3,000 Common stock 42.000 Additional paid-in capital Accounts receivable Notes recelvable (long-term Equipment Factory building Intangibles 106.000 Retained earnings 3,500 During the current...
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[The following information applies to the questions displayed below.) Jaguar Plastics Company has been operating for three years. At December 31 of last year, the accounting records reflected the following: Cash Investments (short-term) Accounts receivable Inventory Notes receivable (long-term) Equipment Factory building Intangibles $ 23,000 Accounts payable 3,400 Accrued liabilities payable 4,200 Notes payable (current) 26,000 Notes payable (noncurrent) 2,100 Common stock 49,000 Additional paid-in capital 101,000 Retained earnings 4,100 $21,000 3,600 5,300 48,000 10,100 90,900 33,900 During the current...
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Jaguar Plastics Company has been operating for three years. At December 31 of last year, the accounting records reflected the following: Cash Investments (short-term) Accounts receivable Inventory Notes receivable (long-term) Equipment Factory building Intangibles $22,000 Accounts payable 3,000 Accrued liabilities payable 3,000 Notes payable (current) 20,000 Notes payable (noncurrent) 1,000 Common stock 50,000 Additional paid-in capital 90,000 Retained earnings $15,000 4,000 7,000 47,000 10,000 80,000 31,000 5,000 During the current year, the company had the following summarized activities: a. Purchased...
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