Question

Accumulated amortization	$270,000
Retained earnings	164,700
Cash	16,000
Bonds payable	136,000
Accounts receivable	55,500
Plant and equipment—original cost	740,000
Accounts payable	50,000
Allowance for bad debts	6,800
Common stock, 100,000 shares outstanding	188,000
Inventory	81,000
Preferred stock, 1,000 shares outstanding	75,000
Marketable securities	20,000
Investments	26,000
Notes payable (6 months)	48,000

  

Balance Sheet
Assets			Liabilities and Shareholders’ Equity
Current Assets:			Current Liabilities:
(Click to select)  Cash  Plant and equipment  Investments  Accumulated amortization  Accounts payable		$	(Click to select)  Cash  Marketable securities  Accounts payable  Bonds payable	$
(Click to select)  Accounts payable  Investments  Preferred stock  Plant and equipment  Marketable securities			(Click to select)  Preferred stock  Interest payable  Bonds payable  Notes payable  Common stock
(Click to select)  Plant and equipment  Investments  Retained earnings  Bonds payable  Accounts receivable	$
(Click to select)  Plant and equipment  Less: Allowance for bad debts  Less: Accumulated amortization  Inventory  Investments			Total current liabilities
			Long-term liabilities
(Click to select)  Less: Accumulated amortization  Cash  Plant and equipment  Inventory  Investments			(Click to select)  Preferred stock  Bonds payable  Common stock  Capital paid in excess of par  Retained earnings
Total current assets			Total liabilities
Other Assets:			Shareholders’ Equity:
(Click to select)  Investments  Less: Accumulated amortization  Cash  Inventory  Less: Allowance for bad debts			(Click to select)  Preferred stock  Bonds payable  Plant and equipment  Notes payable
Capital assets:			(Click to select)  Common stock  Bonds payable  Plant and equipment  Notes payable
(Click to select)  Marketable securities  Cash  Accounts receivable  Plant and equipment  Investments			(Click to select)  Cash  Bonds payable  Accounts payable  Retained earnings  Accounts receivable
(Click to select)  Less: Allowance for bad debts  Marketable securities  Accounts receivable  Bonds payable  Less: Accumulated amortization
Net plant and equipment			Total shareholders’ equity
Total assets		$	Total liabilities and shareholders’ equity	$

Answer 1

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Aug Cash Balance sheet Assets | Liabilities and Shareholdensesnity Current Assets is Current liabilitics. __$ 16,000 L Accounts Payable $50,000 Inventory $81,000 Notes payable $48.000 Marketable Secundile $20.000 Accounts Receivable $55,500 | Total Cuyreut liabilities $98,000 pu) Allowance for Bad-debtol ($6800) thong term liabilities: Total Vigseat Assets $165,700 Bands payable $136,000 other Akets: Total Liabilities $234,000 Investments $6,000 Shareholder's equidya Capital Assets I common stock. 10,000 $188.000 Plant & Equipment $740000 Shares outstandis 16 Accumulated Ammortizat ($$70,000) Preferred stock are shools $75,000 I Retained earnings $164,750 Net Plant & Equipment $470,000 Total shareholden's $ 47,700 eauty Total Assets $661,700 Total Lábilities S Shi holelewilf661,700