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We were unable to transcribe this imageW Answer is not complete. WEISMULLER...
Prepare a classified balance sheet ignoring monetary amounts. We were unable to transcribe this imageLess: Accumulated...
Prepare a classified balance sheet ignoring monetary
amounts.
We were unable to transcribe this imageLess: Accumulated depreciation-equipment Net property, plant, and equipment Intangible assets Copyright Patent Total intangible assets Total assets Liabilities and Shareholders' Equity Current liabilities Notes payable Wages payable Accounts payable Rent payable Taxes payable Total current liabilities Long-term liabilities Bonds payable Notes payable Total current liabilities Shareholders' equity Preferred stock Common stock Retained earnings Total liabilities and shareholders' equity Name of Company Balance Sheet At [date] Assets...
please complete balance sheet The trial balance for K and J Nursery, Inc., listed the following...
please complete balance sheet
The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2021, the end of its fiscal year: cash, $20,000; accounts receivable, $15,000; inventory, $29,000; equipment (net). $84,000; accounts payable, $18,000: salaries payable. $7,000; interest payable, $3,000; notes payable (due in 18 months). $34,000; common stock, $58,000. Prepare a classified balance sheet for K and J Nursery, Inc. The equipment originally cost $135,000. (Amounts to be deducted should be indicated...
Please correct everything. Don't mind the numbers I put The following is a December 31, 2021,...
Please correct everything. Don't mind the numbers I put
The following is a December 31, 2021, post-closing trial balance for the Jackson Corporation. Credits Debits $ 43,000 37,000 78,000 19,000 13,000 160,000 $ 14,000 Account Title Cash Accounts receivable Inventory Prepaid rent (for the next 8 months) Investment in equity securities (short term) Machinery Accumulated depreciation Patent (net) Accounts payable Salaries payable Income taxes payable Bonds payable (due in 10 years) Common stock Retained earnings Totals 82,000 9,500 5,500 35,000...
Your answer is partially correct. The following items were taken from the financial statements of Concord...
Your answer is partially correct. The following items were taken from the financial statements of Concord Company. (All amounts are in thousands.) $5,600 1,900 500 Long-term debt Prepaid insurance Equipment Stock investments (long-term) Debt investments (short-term) Notes payable (due in 2023) Cash $900 850 11,400 400 3,800 500 2,900 Accumulated depreciation-equipment Accounts payable Notes payable (due after 2023) Common stock Retained earnings Accounts receivable Inventory 9,750 3,600 2,100 1,300 Prepare a classified balance sheet in good form as of December...
can someone please help. what is missing in my answer? The following are the ending balances...
can someone please help. what is missing in my answer?
The following are the ending balances of accounts at December 31, 2021, for the Valley Pump Corporation. Account Title Credits Cash Debits $ 34,000 74,000 99,000 $ 19,000 62,000 138,000 345,000 109,000 93,000 34,000 Accounts receivable Inventory Interest payable Investment in equity securities Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation equipment Copyright (net) Prepaid expenses (next 12 months) Accounts payable Deferred revenue (next 12 months) Notes payable Allowance for uncollectible...
Required: 1. Determine the missing amounts. 2. Prepare Trident's classified balance sheet. Complete this question by...
Required: 1. Determine the missing amounts. 2. Prepare Trident's classified balance sheet. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the missing amounts. (Enter the answers in thousands of dollars.) Cash and cash equivalents Short-term investments ($ in 000s) | $ 240,286 355,700 506,944 85,259 1,614,927 112,800 Accounts receivable Inventory Prepaid expenses (current) Total current assets Long-term receivables Equipment (net) Total assets Notes payable (current) Accounts payable Accrued liabilities Other current liabilities...
The following is the ending balances of accounts at December 31, 2021, for the Weismuller Publishing...
The following is the ending balances of accounts at December 31,
2021, for the Weismuller Publishing Company.
Account Title
Debits
Credits
Cash
$
79,000
Accounts receivable
174,000
Inventory
292,000
Prepaid expenses
162,000
Equipment
334,000
Accumulated depreciation
$
117,000
Investments
154,000
Accounts payable
67,000
Interest payable
27,000
Deferred revenue
87,000
Income taxes payable
37,000
Notes payable
235,000
Allowance for uncollectible accounts
23,000
Common stock
407,000
Retained earnings
195,000
Totals
$
1,195,000
$
1,195,000
Additional information:
Prepaid expenses include $134,000 paid on...
The following are the ending balances of accounts at December 31, 2021, for the Valley Pump...
The following are the ending balances of accounts at December 31, 2021, for the Valley Pump Corporation. Credits Debits $ 37,000 80,000 105,000 $ 22,000 68,000 144,000 360,000 112,000 99,000 Account Title Cash Accounts receivable Inventory Interest payable Investment in equity securities Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Copyright (net) Prepaid expenses (next 12 months) Accounts payable Deferred revenue (next 12 months) Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals 37,000 24,000 44,000 77,000 32,000 310,000...
please complete balance sheet Additional information ($ in 000s): 1. Certain records that included the account...
please complete balance sheet
Additional information ($ in 000s): 1. Certain records that included the account balances for the patent and shareholders' equity items were lost. However, the controller told you that a complete, preliminary balance sheet prepared before the records were lost showed a debt to equity ratio of 12. That Is, total liabilities are 120% of total shareholders' equity, Retained earnings at the beginning of the year was $5,600. Net Income for 2021 was $1,950 and $500 in...
The following is a December 31, 2021, post-closing trial balance for Culver City Lighting, Inc. Credits...
The following is a December 31, 2021, post-closing trial balance for Culver City Lighting, Inc. Credits Debits $ 60.000 44,000 50.000 20.000 115.000 Account Title Cash Accounts receivable Inventory Prepaid insurance Equipment Accumulated depreciation Patent (net) Accounts payable Interest payable Notes payable (due in 10 years) Connon stock Retained earnings Totals $ 39,000 45.000 14.500 4.500 150.000 75,000 51.000 $334.000 $334,000 Prepare a classified balance sheet for Culver City Lighting, Inc. (Amounts to be deducted should be indicated by a...
Prepare a classified balance sheet ignoring monetary
amounts.
We were unable to transcribe this imageLess: Accumulated depreciation-equipment Net property, plant, and equipment Intangible assets Copyright Patent Total intangible assets Total assets Liabilities and Shareholders' Equity Current liabilities Notes payable Wages payable Accounts payable Rent payable Taxes payable Total current liabilities Long-term liabilities Bonds payable Notes payable Total current liabilities Shareholders' equity Preferred stock Common stock Retained earnings Total liabilities and shareholders' equity Name of Company Balance Sheet At [date] Assets...
please complete balance sheet
The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2021, the end of its fiscal year: cash, $20,000; accounts receivable, $15,000; inventory, $29,000; equipment (net). $84,000; accounts payable, $18,000: salaries payable. $7,000; interest payable, $3,000; notes payable (due in 18 months). $34,000; common stock, $58,000. Prepare a classified balance sheet for K and J Nursery, Inc. The equipment originally cost $135,000. (Amounts to be deducted should be indicated...
Please correct everything. Don't mind the numbers I put
The following is a December 31, 2021, post-closing trial balance for the Jackson Corporation. Credits Debits $ 43,000 37,000 78,000 19,000 13,000 160,000 $ 14,000 Account Title Cash Accounts receivable Inventory Prepaid rent (for the next 8 months) Investment in equity securities (short term) Machinery Accumulated depreciation Patent (net) Accounts payable Salaries payable Income taxes payable Bonds payable (due in 10 years) Common stock Retained earnings Totals 82,000 9,500 5,500 35,000...
Your answer is partially correct. The following items were taken from the financial statements of Concord Company. (All amounts are in thousands.) $5,600 1,900 500 Long-term debt Prepaid insurance Equipment Stock investments (long-term) Debt investments (short-term) Notes payable (due in 2023) Cash $900 850 11,400 400 3,800 500 2,900 Accumulated depreciation-equipment Accounts payable Notes payable (due after 2023) Common stock Retained earnings Accounts receivable Inventory 9,750 3,600 2,100 1,300 Prepare a classified balance sheet in good form as of December...
can someone please help. what is missing in my answer?
The following are the ending balances of accounts at December 31, 2021, for the Valley Pump Corporation. Account Title Credits Cash Debits $ 34,000 74,000 99,000 $ 19,000 62,000 138,000 345,000 109,000 93,000 34,000 Accounts receivable Inventory Interest payable Investment in equity securities Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation equipment Copyright (net) Prepaid expenses (next 12 months) Accounts payable Deferred revenue (next 12 months) Notes payable Allowance for uncollectible...
Required: 1. Determine the missing amounts. 2. Prepare Trident's classified balance sheet. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the missing amounts. (Enter the answers in thousands of dollars.) Cash and cash equivalents Short-term investments ($ in 000s) | $ 240,286 355,700 506,944 85,259 1,614,927 112,800 Accounts receivable Inventory Prepaid expenses (current) Total current assets Long-term receivables Equipment (net) Total assets Notes payable (current) Accounts payable Accrued liabilities Other current liabilities...
The following is the ending balances of accounts at December 31,
2021, for the Weismuller Publishing Company.
Account Title
Debits
Credits
Cash
$
79,000
Accounts receivable
174,000
Inventory
292,000
Prepaid expenses
162,000
Equipment
334,000
Accumulated depreciation
$
117,000
Investments
154,000
Accounts payable
67,000
Interest payable
27,000
Deferred revenue
87,000
Income taxes payable
37,000
Notes payable
235,000
Allowance for uncollectible accounts
23,000
Common stock
407,000
Retained earnings
195,000
Totals
$
1,195,000
$
1,195,000
Additional information:
Prepaid expenses include $134,000 paid on...
The following are the ending balances of accounts at December 31, 2021, for the Valley Pump Corporation. Credits Debits $ 37,000 80,000 105,000 $ 22,000 68,000 144,000 360,000 112,000 99,000 Account Title Cash Accounts receivable Inventory Interest payable Investment in equity securities Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Copyright (net) Prepaid expenses (next 12 months) Accounts payable Deferred revenue (next 12 months) Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals 37,000 24,000 44,000 77,000 32,000 310,000...
please complete balance sheet
Additional information ($ in 000s): 1. Certain records that included the account balances for the patent and shareholders' equity items were lost. However, the controller told you that a complete, preliminary balance sheet prepared before the records were lost showed a debt to equity ratio of 12. That Is, total liabilities are 120% of total shareholders' equity, Retained earnings at the beginning of the year was $5,600. Net Income for 2021 was $1,950 and $500 in...
The following is a December 31, 2021, post-closing trial balance for Culver City Lighting, Inc. Credits Debits $ 60.000 44,000 50.000 20.000 115.000 Account Title Cash Accounts receivable Inventory Prepaid insurance Equipment Accumulated depreciation Patent (net) Accounts payable Interest payable Notes payable (due in 10 years) Connon stock Retained earnings Totals $ 39,000 45.000 14.500 4.500 150.000 75,000 51.000 $334.000 $334,000 Prepare a classified balance sheet for Culver City Lighting, Inc. (Amounts to be deducted should be indicated by a...
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