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Use the following data to calculate the current ratio. Cash Wildhorse Co. Balance Sheet December 31,...
Use the following data to calculate the current ratio. Wildhorse Co. Balance Sheet December 31, 2022...
Use the following data to calculate the current ratio. Wildhorse Co. Balance Sheet December 31, 2022 Cash and cash equivalents $69000 Accounts payable $125500 Accounts receivable 95500 Salaries and wages payable 19500 Inventory 135500 Bonds payable 157000 Prepaid insurance 83500 Total liabilities $302000 Stock investments 187000 Land 190000 Buildings $207500 Common stock $187500 Less: Accumulated depreciation (65500) 142000 Retained earnings 515000 Trademarks 102000 Total stockholders' equity $702500 Total assets $1004500 Total liabilities and stockholders' equity $1004500 a)3.04 : 1 b)2.64...
Use the following data to calculate the current ratio. Koonce Office Supplies Balance Sheet December 31,...
Use the following data to calculate the current ratio. Koonce Office Supplies Balance Sheet December 31, 2014 Cash Accounts receivable Inventory Prepaid insurance Stock investments Land Buildings $140,000 $20,000 $160,000 $320,000 $130,000 Accounts payable $100,000 Salaries and wages payable $110,000 Mortgage payable $60,000 Total liabilities $170,000 $180,000 $210,000 Common stock $240,000 Less: Accumulated depreciation ($40,000) $170,000 Retained earnings $500,000 Trademarks $740,000 arks $140,000 Total stockholders' equity Total liabilities and stockholders' $1.060.000 equity Total assets $1.060,000 2.50:1 2.13:1 1.44:1 2.86:1
Use the following data to calculate the current ratio. Pharoah Company Balance Sheet December 31, 2017...
Use the following data to calculate the current ratio. Pharoah Company Balance Sheet December 31, 2017 $75000 105000 143500 85500 179000 190500 Accounts payable Salaries and wages payable Mortgage payable Total liabilities Cash Accounts receivable Inventory Prepaid insurance Stock Investments Land Buildings Less: Accumulated depreciation Trademarks Total assets $137500 14600 154000 $306100 $219500 (62500) 157000 119000 $1054500 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $265400 483000 $748400 $1054500 2:1 2.69:1 3:1 2:1
US Kimmel, Accounting, 7e End Time: 01:32 PM / Remaining: 81 min. RCES Question 6 Use...
US Kimmel, Accounting, 7e End Time: 01:32 PM / Remaining: 81 min. RCES Question 6 Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. Cash Accounts receivable Inventory Prepaid insurance Stock Investments Land Buildings Less: Accumulated depreciation Goodwill Marigold Corp. Balance Sheet December 31, 2022 $186000 Accounts payable 153000 Salaries and wages payable 172000 Mortgage payable 87100 Total liabilities 253000 257000 $311000 Common stock (58000) 253000 Retained earnings 200000...
Presented below is the adjusted trial balance of Wildhorse Corporation at December 31, 2020. Debit Credit...
Presented below is the adjusted trial balance of Wildhorse Corporation at December 31, 2020. Debit Credit Cash $ ? 1,430 1,230 48,230 $ 4,230 1,180 10,230 730 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Trademarks Accounts Payable Salaries and Wages Payable Unearned Service Revenue Bonds Payable (due 2027) Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Rent Expense Interest Expense 2,230 9,230 10,230 25,230 10,230 9,230 1,630 1,430 1,130 Total $ ? $ ? Additional information: 1....
WILDHORSE CORPORATION Balance Sheet For the Year Ended December 31, 2017 T Assets Presented below is...
WILDHORSE CORPORATION Balance Sheet For the Year Ended December 31, 2017 T Assets Presented below is the adjusted trial balance of Wildhorse Corporation at December 31, 2017 Debit Credit Cash Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Trademarks Accounts Payable Salaries and Wages Payable Unearned Service Revenue Bonds Payable (due 2024) Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Rent Expense Interest Expense 1,300 1,100 48,100 5 4,100 1,050 10,100 600 2,100 9,100 10,100 25,100 10,100 9,100...
Question 15 View Policies Current Attempt in Progress Use the following data to determine the total...
Question 15 View Policies Current Attempt in Progress Use the following data to determine the total dollar amount of assets to be classified as current assets. Nash's Trading Post, LLC Balance Sheet December 31, 2017 Cash $195000 $185000 140000 Accounts payable Salaries and wages payable Accounts receivable 25000 Inventory 150000 Mortgage payable 225000 Prepaid insurance 85000 Total liabilities $445000 Stock investments (long-term) 250000 Land 250000 Buildings $300000 Common stock $335000 Less: Accumulated depreciation (55000) 245000 Retained earnings 725000 Trademarks 200000...
Use the following data to determine the total dollar amount of assets to be classified as...
Use the following data to determine the total dollar amount of assets to be classified as current assets. Splish Brothers Inc. Balance Sheet December 31, 2022 Cash and cash equivalents $71500 Accounts payable $138000 Accounts receivable 90000 Salaries and wages payable 12000 Inventory 145000 Bonds payable 160000 Prepaid insurance 82500 Total liabilities $310000 Stock investments 199000 Land 195000 Buildings $217000 Common stock $251000 Less: Accumulated depreciation (66000) 151000 Retained earnings 476500 Trademarks 103500 Total stockholders' equity $727500 Total assets $1037500...
These items are taken from the financial statements of Wildhorse Co. at December 31, 2022. Buildings...
These items are taken from the financial statements of Wildhorse Co. at December 31, 2022. Buildings Accounts receivable Prepaid insurance Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2022) Accumulated depreciation--buildings Accounts payable Notes payable Accumulated depreciation-equipment Interest payable Service revenue $129,076 15,372 3,904 14,445 100,528 74,664 952 6,466 3,172 73,200 48,801 55,632 11,590 114,192 22,838 4,392 17,934 Prepare a classified balance sheet. Assume that $16,592 of the note payable will be paid...
For December 31, 20X1. the balance sheet of Baxter Corporation was as follows: Current Assets Cash...
For December 31, 20X1. the balance sheet of Baxter Corporation was as follows: Current Assets Cash Accounts receivable Inventory Prepaid expenses Fixed Assets Gross plant and equipment Less: Accumulated depreciation $ 25,000 33,000 63,000 Liabilities $ 23,000 Accounts payable 28,000 Notes payable 38,000 Bonds payable 13,300 Stockholders' Equity $ 263,000 Preferred stock 52,600 Common stock Paid in Capital $ 210,480 Retained earnings $ 312,700 Total liabilities and stockholders' equity Net plant and equipment Total assets $ 33,000 68,000 38,000 52,700...
Use the following data to calculate the current ratio. Koonce Office Supplies Balance Sheet December 31, 2014 Cash Accounts receivable Inventory Prepaid insurance Stock investments Land Buildings $140,000 $20,000 $160,000 $320,000 $130,000 Accounts payable $100,000 Salaries and wages payable $110,000 Mortgage payable $60,000 Total liabilities $170,000 $180,000 $210,000 Common stock $240,000 Less: Accumulated depreciation ($40,000) $170,000 Retained earnings $500,000 Trademarks $740,000 arks $140,000 Total stockholders' equity Total liabilities and stockholders' $1.060.000 equity Total assets $1.060,000 2.50:1 2.13:1 1.44:1 2.86:1
Use the following data to calculate the current ratio. Pharoah Company Balance Sheet December 31, 2017 $75000 105000 143500 85500 179000 190500 Accounts payable Salaries and wages payable Mortgage payable Total liabilities Cash Accounts receivable Inventory Prepaid insurance Stock Investments Land Buildings Less: Accumulated depreciation Trademarks Total assets $137500 14600 154000 $306100 $219500 (62500) 157000 119000 $1054500 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $265400 483000 $748400 $1054500 2:1 2.69:1 3:1 2:1
US Kimmel, Accounting, 7e End Time: 01:32 PM / Remaining: 81 min. RCES Question 6 Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. Cash Accounts receivable Inventory Prepaid insurance Stock Investments Land Buildings Less: Accumulated depreciation Goodwill Marigold Corp. Balance Sheet December 31, 2022 $186000 Accounts payable 153000 Salaries and wages payable 172000 Mortgage payable 87100 Total liabilities 253000 257000 $311000 Common stock (58000) 253000 Retained earnings 200000...
Presented below is the adjusted trial balance of Wildhorse Corporation at December 31, 2020. Debit Credit Cash $ ? 1,430 1,230 48,230 $ 4,230 1,180 10,230 730 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Trademarks Accounts Payable Salaries and Wages Payable Unearned Service Revenue Bonds Payable (due 2027) Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Rent Expense Interest Expense 2,230 9,230 10,230 25,230 10,230 9,230 1,630 1,430 1,130 Total $ ? $ ? Additional information: 1....
WILDHORSE CORPORATION Balance Sheet For the Year Ended December 31, 2017 T Assets Presented below is the adjusted trial balance of Wildhorse Corporation at December 31, 2017 Debit Credit Cash Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Trademarks Accounts Payable Salaries and Wages Payable Unearned Service Revenue Bonds Payable (due 2024) Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Rent Expense Interest Expense 1,300 1,100 48,100 5 4,100 1,050 10,100 600 2,100 9,100 10,100 25,100 10,100 9,100...
Question 15 View Policies Current Attempt in Progress Use the following data to determine the total dollar amount of assets to be classified as current assets. Nash's Trading Post, LLC Balance Sheet December 31, 2017 Cash $195000 $185000 140000 Accounts payable Salaries and wages payable Accounts receivable 25000 Inventory 150000 Mortgage payable 225000 Prepaid insurance 85000 Total liabilities $445000 Stock investments (long-term) 250000 Land 250000 Buildings $300000 Common stock $335000 Less: Accumulated depreciation (55000) 245000 Retained earnings 725000 Trademarks 200000...
These items are taken from the financial statements of Wildhorse Co. at December 31, 2022. Buildings Accounts receivable Prepaid insurance Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2022) Accumulated depreciation--buildings Accounts payable Notes payable Accumulated depreciation-equipment Interest payable Service revenue $129,076 15,372 3,904 14,445 100,528 74,664 952 6,466 3,172 73,200 48,801 55,632 11,590 114,192 22,838 4,392 17,934 Prepare a classified balance sheet. Assume that $16,592 of the note payable will be paid...
For December 31, 20X1. the balance sheet of Baxter Corporation was as follows: Current Assets Cash Accounts receivable Inventory Prepaid expenses Fixed Assets Gross plant and equipment Less: Accumulated depreciation $ 25,000 33,000 63,000 Liabilities $ 23,000 Accounts payable 28,000 Notes payable 38,000 Bonds payable 13,300 Stockholders' Equity $ 263,000 Preferred stock 52,600 Common stock Paid in Capital $ 210,480 Retained earnings $ 312,700 Total liabilities and stockholders' equity Net plant and equipment Total assets $ 33,000 68,000 38,000 52,700...
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