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Problem 21-6A (Part Level Submission) Krause Industries' balance sheet at December 31, 2016, is presented below....
Problem 21-6A (Part Level Submission) Krause Industries' balance sheet at December 31, 2016, is presented below. KRAUSE INDUSTRIES Balance Sheet December 31, 2016 Assets Current Assets Cash Accounts receivable Finished goods inventory (1,500 units) $7,500 73,500 25,070 106,070 Total current assets Property, Plant, and Equipment Equipment Less: Accumulated depreciation $40,130 10,660 29,470 Total assets $135,540 Liabilities and Stockholders' Equity Liabilities Notes payable Accounts payable $27,270 46,490 73,760 Total liabilities Stockholders' Equity Common stock Retained earnings Total stockholders' equity Total liabilities...
Problem 21-6A (Part Level Submission) Krause Industries' balance sheet at December 31, 2016, is presented below. $7,500 73,500 26,520 107,520 KRAUSE INDUSTRIES Balance Sheet December 31, 2016 Assets Current Assets Cash Accounts receivable Finished goods inventory (1,500 units) Total current assets Property, Plant, and Equipment Equipment $40,720 Less: Accumulated depreciation 10,550 Total assets Liabilities and Stockholders' Equity Liabilities Notes payable Accounts payable Total liabilities Stockholders' Equity Common stock $39,850 Retained earnings 25,090 Total stockholders' equity Total liabilities and stockholders' equity...
Problem 21-6A (Part Level Submission) Krause Industries' balance sheet at December 31, 2016, is presented below. $7,500 73,500 24,790 105,790 KRAUSE INDUSTRIES Balance Sheet December 31, 2016 Assets Current Assets Cash Accounts receivable Finished goods inventory (1,500 units) Total current assets Property, Plant, and Equipment Equipment $40,770 Less: Accumulated depreciation 10,800 Total assets Liabilities and Stockholders' Equity Liabilities Notes payable Accounts payable Total liabilities Stockholders' Faulty 29,970 $135,760 $26,810 46,390 73,200 $36,940 25,620 Common stock Retained earnings Total stockholders' equity...
KRAUSE INDUSTRIES Balance Sheet December 31, 2019 Assets $7,500 73,500 24,000 Current Assets Cash Accounts receivable Finished goods inventory (1,500 units) Total current assets Property, Plant, and Equipment Equipment Less: Accumulated depreciation 105,000 $40,000 10,000 30,000 $135,000 Total assets Liabilities and Stockholders' Equity Liabilities Notes payable Accounts payable $25,000 45,000 70,000 Total liabilities Stockholders' Equity Common stock $40,000 25,000 Retained earnings 65,000 Total stockholders' equity Total liabilities and stockholders' equity $135,000 Budgeted data for the year 2020 include the following....
Kurian Industries' balance sheet at December 31, 2015, is presented below. KURIAN INDUSTRIES Balance Sheet December 31, 2015 Assets Current assets Cash $7,500 Accounts receivable 82,300 Finished goods inventory (2,500 units) 29,600 Total current assets 119,400 Equipment $39,700 Less: Accumulated depreciation 10,400 29,300 Total assets $148,700 Liabilities and Shareholders' Equity Liabilities Notes payable $25,500 Accounts payable 45,100 Total liabilities 70,600 Shareholders’ equity Common stock $49,700 Retained earnings 28,400 Total shareholders’ equity...
Balance Sheet December 31, 2016 Assets $7,500 73,500 24,790 105,790 Current Assets Cash Accounts receivable Finished goods inventory (1,500 units) Total current assets Property, Plant, and Equipment Equipment $40,770 Less: Accumulated depreciation 10,800 Total assets Liabilities and Stockholders' Equity Liabilities Notes payable Accounts payable Total liabilities Stockholders' Equity Common stock $36,940 Retained earnings 25,620 29,970 $135,760 $26,810 46,390 73,200 CALCULATOR PRINTER VERSION BACK TO Sockholders cquity Total liabilities and stockholders' equity $135,760 Budgeted data for the year 2017 Include the...
Question: Fill in the blank
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Problem 10-42A (Part Level Submission) Kurian Industries' balance sheet at December 31, 2015, is presented below. KURIAN INDUSTRIES Balance Sheet December 31, 2015 Assets Current assets Cash $7,410 Accounts receivable 82,100 Finished goods inventory (1,600 units) 29,900 Total current assets 119,410 Equipment Less: Accumulated depreciation $39,600 28,900 10,700 Total assets $148,310 Liabilities and Shareholders' Equity Liabilities Notes payable Accounts payable Total liabilities Shareholders' equity $24,800 44,800 69,600 Common stock $49,800 28,910 Retained earnings...
Question to be answered: Fill in the
blank
Problem 10-42A (Part Level Submission) Kurian Industries' balance sheet at December 31, 2015, is presented below. KURIAN INDUSTRIES Balance Sheet December 31, 2015 Assets Current assets Cash Accounts receivable Finished goods inventory (1,600 units) Total current assets Equipment Less: Accumulated depreciation Total assets 57,410 82,100 29,900 119,410 $39,600 10,700 28,900 $148,310 $24,800 44,800 69,600 Liabilities and Shareholders' Equity Liabilities Notes payable Accounts payable Total liabilities Shareholders' equity Common stock $49,800 Retained earnings...
The management of Zigby Manufacturing prepared the following
estimated balance sheet for March 2017:
ZIGBY MANUFACTURING
Estimated Balance Sheet
March 31, 2017
Assets
Cash
$
48,000
Accounts receivable
438,750
Raw materials inventory
87,900
Finished goods inventory
383,760
Total current assets
958,410
Equipment, gross
616,000
Accumulated depreciation
(158,000
)
Equipment, net
458,000
Total assets
$
1,416,410
Liabilities and Equity
Accounts payable
$
187,200
Short-term notes payable
20,000
Total current liabilities
207,200
Long-term note payable
508,000
Total liabilities
715,200
Common stock
343,000...
Pro forma balance sheet-Basic Leonard Industries wishes to prepare a pro forma balance sheet for December 31, 2020. The firm expects 2020 sales to total $3,000,000. The following information has been gathered (1) A minimum cash balance of $49,500 is desired (2) Marketable securities are expected to remain unchanged. (3) Accounts receivable represent 10.1% of sales. (4) Inventories represent 12.1% of sales. (5) A new machine costing $90,200 will be acquired during 2020. Total depreciation for the year will be...