Homework Answers
| Bramble Corp. Adjusted Trial Balance December 31, 2022 |
||
| Account Titles | Debit | Credit |
| $ | $ | |
| Cash | 525,600 | |
| Accounts Receivable | 263,400 | |
| Allowance for Doubtful Accounts | 10,500 | |
| Supplies | 17,700 | |
| Land | 120,000 | |
| Buildings | 426,000 | |
| Accumulated Depreciation: Buildings | 79,200 | |
| Accounts Payable | 85,500 | |
| Dividends Payable:Preferred Stock | 10,080 | |
| Dividends Payable: Common Stock | 30,600 | |
| Income Taxes Payable | 105,390 | |
| Unearned Revenue | 27,000 | |
| Preferred Stock | 144,000 | |
| Paid-in Capital in Excess of Par: Preferred Stock | 3,600 | |
| Common Stock | 267,000 | |
| Paid-in Capital in Excess of Par: Common Stock | 36,000 | |
| Treasury Stock | 33,600 | |
| Retained Earnings | 382,200 | |
| Prefered Dividends | 10,080 | |
| Common Dividends | 30,600 | |
| Service Revenue | 1,041,000 | |
| Operating Expenses | 564,600 | |
| Depreciation Expense | 13,200 | |
| Supplies Expense | 100,800 | |
| Bad Debt Expense | 11,100 | |
| Income Tax Expense | 105,390 | |
| Totals | $ 2,222,070 | $ 2,222,070 |
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$76,800 240,000 382.200 BRAMBLE CORP Balance Sheet December 31, 2021 Cash $73,800 Accounts payable Accounts receivable...
Question 1 of 1 -/35 Bramble Corp.'s balance sheet at December 31, 2021, is presented below....
Question 1 of 1 -/35 Bramble Corp.'s balance sheet at December 31, 2021, is presented below. Cash BRAMBLE CORP Balance Sheet December 31, 2021 $73,800 Accounts payable 136,500 Common stock ($10 par) (4.500) Retained earnings 13.200 $76,800 240,000 Accounts receivable Allowance for doubtful accounts Supplies 382.200 Land 120,000 426,000 Buildings Accumulated depreciation-buildings (66,000) $699.000 $699.000 During 2022, the following transactions occurred. 1. On January 1, Bramble issued 3,600 shares of $40 par, 7% preferred stock for $147.600. 2. On January...
Comprehensive Accounting Cycle Review 11-1 Blue Spruce Corp.’s balance sheet at December 31, 2016, is presented below....
Comprehensive Accounting Cycle Review 11-1
Blue Spruce Corp.’s balance sheet at December 31, 2016, is
presented below.
BLUE SPRUCE CORP.
Balance Sheet
December 31, 2016
Cash
$25,000
Accounts payable
$25,500
Accounts receivable
46,000
Common stock ($10 par)
85,000
Allowance for doubtful accounts
(1,900
)
Retained earnings
119,067
Supplies
4,800
Land
40,500
Buildings
137,000
Accumulated depreciation—buildings
(21,833
)
$229,567
$229,567
During 2017, the following transactions occurred.
1.
On January 1, 2017, Blue issued 1,500 shares of $40 par, 8%
preferred stock...
Retained earnings and balance sheet data: Accounts payable $194,300 Accounts receivable 545,000 Accumulated depreciation—office buildings and equipment...
Retained earnings and balance sheet data: Accounts payable $194,300 Accounts receivable 545,000 Accumulated depreciation—office buildings and equipment 1,580,000 Accumulated depreciation—store buildings and equipment 4,126,000 Allowance for doubtful accounts 8,450 Bonds payable, 5%, due in 10 years 500,000 Cash 282,850 Common stock, $20 par (400,000 shares authorized; 85,000 shares issued, 94,600 outstanding), January 1, 20Y8 1,700,000 Dividends: Cash dividends for common stock 155,120 Cash dividends for preferred stock 100,000 Goodwill 700,000 Income tax payable 44,000 Interest receivable 1,200 Inventory (December 31, 20Y8), at lower...
8. Javelina Publications balance sheet accounts as of December 31, 2019 are listed below. Prepare a...
8. Javelina Publications balance sheet accounts as of December 31, 2019 are listed below. Prepare a properly classified balance sheet as of December 31, 2019 Land Sinking fund for bond retirement Discount on bonds payable Equipment Preferred Stock, $100 par Accumulated depreciation, buildings Investment in bonds held to maturity Accrued Wages Additional paid in capital, common Buildings Bond Payable (due 2025) Office supplies Retained earnings Inventory Account receivable Account payable Prepaid insurance Common Stock, $10 par Allowance for doubtful accounts...
Bramble Corp. was organized on January 1, 2021. During its first year, the corporation issued 1,800...
Bramble Corp. was organized on January 1, 2021. During its first
year, the corporation issued 1,800 shares of $50 par value
preferred stock and 115,000 shares of $10 par value common stock.
At December 31, the company declared the following cash dividends:
2021, $4,900; 2022, $14,000; and 2023, $29,400.
(a)
Show the allocation of dividends to each class of stock, assuming
the preferred stock dividend is 7% and noncumulative.
(Do not leave any answer field blank. Enter 0 for
amounts.)...
The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Bramble Corp. at December...
The following stockholders’ equity accounts, arranged
alphabetically, are in the ledger of Bramble Corp. at December 31,
2022.
Common Stock ($4 stated value)
$3,200,000
Paid-in Capital in Excess of Par
Value—Preferred Stock
90,000
Paid-in Capital in Excess of Stated
Value—Common Stock
2,100,000
Preferred Stock (7%, $100 par,
noncumulative)
1,200,000
Retained Earnings
2,668,000
Treasury Stock (24,000 common
shares)
144,000
Prepare the stockholders’ equity section of the balance sheet at
December 31, 2022. (Enter account name only and do not
provide descriptive...
I need help with this Question. Thank You! WilePLUS Support Indigo Corpora t e 1.2001 INDIGO...
I need help with this Question. Thank You!
WilePLUS Support Indigo Corpora t e 1.2001 INDIGO CORPORATION Balance Sheet December 31, 2021 56360 Account 104.000 During 2022. the following tractions occurred 5 12230 o r4500 1 Only Indigo 3.12040 2. On January 1 Indioshow 2.340 the w Indigo performedvice for $132.000 4. On April 1. 2002. In collected of 93.40 Indige collected 577. frostomers ano s . 1 2022 March 31.2003 for share 7 Indio od 83.720 counts payable &...
The December 31, 2021. balance sheet of the Whisperine. Winds Corp. Mad Accounts Receivable of $700.000...
The December 31, 2021. balance sheet of the Whisperine. Winds Corp. Mad Accounts Receivable of $700.000 and a creclit balance in Allowance for Doubtful Accounts of $34,000. During 2022. the following transactions occurred: sales of account $1.608,000, sales retums and allowances $181.000 collections from cusumers. $2,307,000; .courils willen bil, $35.000:previously willen of accounts of $8.000 were collected. Your wer is correct Journalize the 2022 transactions. (Credit account titles are automatically indented when the amount is entered. Do not inderit manually.)...
_ Cr. $ 319,400 181,000 BONITA CORPORATION POST-CLOSING TRIAL BALANCE DECEMBER 31, 2020 Dr. _ Accounts...
_ Cr. $ 319,400 181,000 BONITA CORPORATION POST-CLOSING TRIAL BALANCE DECEMBER 31, 2020 Dr. _ Accounts payable Accounts receivable $ 469,000 Accumulated depreciation-buildings Additional paid-in capital in excess of par-common From treasury stock Allowance for doubtful accounts Bonds payable Buildings 1,328,000 Cash 208,000 Common stock ($1 par) Dividends payable (preferred stock-cash) Inventory 547,000 387,000 Preferred stock ($50 par) Prepaid expenses 37,000 Retained earnings Treasury stock (common at cost) 179,000 Totals $3,155,000 1,198,000 167,000 28,000 277,000 184,000 3,600 Land 500,000 297,000...
Cullumber Company's balance sheet at December 31, 2021, is presented below. Cullumber Company Balance Sheet December 31...
Cullumber Company's balance sheet at December 31, 2021, is presented below. Cullumber Company Balance Sheet December 31, 2021 Cash $13,300 Accounts payable $9,520 Accounts receivable 19,300 Common stock 19,900 Allowance for doubtful accounts (840) Retained earnings 11,430 Inventory 9,090 $40,850 $40,850 During January 2022, the following transactions occurred. Cullumber uses the perpetual inventory method. Jan. 1 Cullumber accepted a 4-month, 8% note from Betheny Company in payment of Betheny's $6,000 account. 3 Cullumber wrote off as uncollectible the accounts of...
Question 1 of 1 -/35 Bramble Corp.'s balance sheet at December 31, 2021, is presented below. Cash BRAMBLE CORP Balance Sheet December 31, 2021 $73,800 Accounts payable 136,500 Common stock ($10 par) (4.500) Retained earnings 13.200 $76,800 240,000 Accounts receivable Allowance for doubtful accounts Supplies 382.200 Land 120,000 426,000 Buildings Accumulated depreciation-buildings (66,000) $699.000 $699.000 During 2022, the following transactions occurred. 1. On January 1, Bramble issued 3,600 shares of $40 par, 7% preferred stock for $147.600. 2. On January...
Comprehensive Accounting Cycle Review 11-1
Blue Spruce Corp.’s balance sheet at December 31, 2016, is
presented below.
BLUE SPRUCE CORP.
Balance Sheet
December 31, 2016
Cash
$25,000
Accounts payable
$25,500
Accounts receivable
46,000
Common stock ($10 par)
85,000
Allowance for doubtful accounts
(1,900
)
Retained earnings
119,067
Supplies
4,800
Land
40,500
Buildings
137,000
Accumulated depreciation—buildings
(21,833
)
$229,567
$229,567
During 2017, the following transactions occurred.
1.
On January 1, 2017, Blue issued 1,500 shares of $40 par, 8%
preferred stock...
8. Javelina Publications balance sheet accounts as of December 31, 2019 are listed below. Prepare a properly classified balance sheet as of December 31, 2019 Land Sinking fund for bond retirement Discount on bonds payable Equipment Preferred Stock, $100 par Accumulated depreciation, buildings Investment in bonds held to maturity Accrued Wages Additional paid in capital, common Buildings Bond Payable (due 2025) Office supplies Retained earnings Inventory Account receivable Account payable Prepaid insurance Common Stock, $10 par Allowance for doubtful accounts...
Bramble Corp. was organized on January 1, 2021. During its first
year, the corporation issued 1,800 shares of $50 par value
preferred stock and 115,000 shares of $10 par value common stock.
At December 31, the company declared the following cash dividends:
2021, $4,900; 2022, $14,000; and 2023, $29,400.
(a)
Show the allocation of dividends to each class of stock, assuming
the preferred stock dividend is 7% and noncumulative.
(Do not leave any answer field blank. Enter 0 for
amounts.)...
The following stockholders’ equity accounts, arranged
alphabetically, are in the ledger of Bramble Corp. at December 31,
2022.
Common Stock ($4 stated value)
$3,200,000
Paid-in Capital in Excess of Par
Value—Preferred Stock
90,000
Paid-in Capital in Excess of Stated
Value—Common Stock
2,100,000
Preferred Stock (7%, $100 par,
noncumulative)
1,200,000
Retained Earnings
2,668,000
Treasury Stock (24,000 common
shares)
144,000
Prepare the stockholders’ equity section of the balance sheet at
December 31, 2022. (Enter account name only and do not
provide descriptive...
I need help with this Question. Thank You!
WilePLUS Support Indigo Corpora t e 1.2001 INDIGO CORPORATION Balance Sheet December 31, 2021 56360 Account 104.000 During 2022. the following tractions occurred 5 12230 o r4500 1 Only Indigo 3.12040 2. On January 1 Indioshow 2.340 the w Indigo performedvice for $132.000 4. On April 1. 2002. In collected of 93.40 Indige collected 577. frostomers ano s . 1 2022 March 31.2003 for share 7 Indio od 83.720 counts payable &...
The December 31, 2021. balance sheet of the Whisperine. Winds Corp. Mad Accounts Receivable of $700.000 and a creclit balance in Allowance for Doubtful Accounts of $34,000. During 2022. the following transactions occurred: sales of account $1.608,000, sales retums and allowances $181.000 collections from cusumers. $2,307,000; .courils willen bil, $35.000:previously willen of accounts of $8.000 were collected. Your wer is correct Journalize the 2022 transactions. (Credit account titles are automatically indented when the amount is entered. Do not inderit manually.)...
_ Cr. $ 319,400 181,000 BONITA CORPORATION POST-CLOSING TRIAL BALANCE DECEMBER 31, 2020 Dr. _ Accounts payable Accounts receivable $ 469,000 Accumulated depreciation-buildings Additional paid-in capital in excess of par-common From treasury stock Allowance for doubtful accounts Bonds payable Buildings 1,328,000 Cash 208,000 Common stock ($1 par) Dividends payable (preferred stock-cash) Inventory 547,000 387,000 Preferred stock ($50 par) Prepaid expenses 37,000 Retained earnings Treasury stock (common at cost) 179,000 Totals $3,155,000 1,198,000 167,000 28,000 277,000 184,000 3,600 Land 500,000 297,000...
Cullumber Company's balance sheet at December 31, 2021, is presented below. Cullumber Company Balance Sheet December 31, 2021 Cash $13,300 Accounts payable $9,520 Accounts receivable 19,300 Common stock 19,900 Allowance for doubtful accounts (840) Retained earnings 11,430 Inventory 9,090 $40,850 $40,850 During January 2022, the following transactions occurred. Cullumber uses the perpetual inventory method. Jan. 1 Cullumber accepted a 4-month, 8% note from Betheny Company in payment of Betheny's $6,000 account. 3 Cullumber wrote off as uncollectible the accounts of...
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