Requirement 1:
Inventory: $ 413,838
Equipment (net): $ 1,314,604
Total assets: $ 3,020,331
Accounts payable: $ 59,072
Long term debt: $ 262,576
Requirement 2:
Trident Corporation | ||||
Balance sheet | ||||
For the year ended December 31, 2021 | ||||
Assets | Liabilities | |||
Current assets: | Current liabilities: | |||
Cash and cash equivalents | $ 239,186 | Notes payable (current) | $ 31,116 | |
Accounts Receivable | $ 504,944 | Accounts payable [693564-31116-421772-181604] | $ 59,072 | |
Inventory [1594927-239186-504944-353700-83259] | $ 413,838 | Accrued liabilities | $ 421,772 | |
Short term investments | $ 353,700 | Other current liabilities | $ 181,604 | |
Prepaid expenses | $ 83,259 | |||
Total current assets | $ 1,594,927 | Total current liabilities | $ 693,564 | |
Long term liabilities : | ||||
Property, plant, and equipment: | Long term debt [956140-693564] | $ 262,576 | ||
Equipment (net) [3020331-110800-1594927] | $ 1,314,604 | Total Liabilities | $ 956,140 | |
Stockholders` Equity | ||||
Long term receivables | $ 110,800 | Common Stock | $ 370,627 | |
Retained Earnings | $ 1,000,000 | |||
Total Long-term assets | $ 1,425,404 | Total stockholders` equity | $ 1,370,627 | |
Total Assets | $ 3,020,331 | Total liabilities and stockholders` equity | $ 3,020,331 |
Save The data listed below are taken from a balance sheet of Trident Corporation at December...
The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2021. 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.) ($ in 000s) $ 252,286 367,700 518,944 97,259 1,734,927 124,800 Cash and cash equivalents Short-term investments Accounts receivable Inventory Prepaid expenses (current) Total current assets...
The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2021. 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.) ($ in 000) 251,286 388,700 517,944 98,259 1,724.927 123.800 Cash and cash equivalents Short-term investments Accounts receivable Inventory Prepaid expenses (current) Total current assets Long-term...
Please provide written out solution The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2021. Some amounts, indicated by question marks, have been intentionally omitted. ($ in thousands) Cash and cash equivalents $ 239,186 Short-term investments 353,700 Accounts receivable 504,944 Inventory ? Prepaid expenses (current) 83,259 Total current assets 1,594,927 Long-term receivables 110,800 Equipment (net) ? Total assets ? 31,116 Notes payable (current) Accounts payable ? Accrued liabilities 421,772 Other current liabilities 181,604...
The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2021. Required: 1. Determine the missing amounts. 2. Prepare Trident's classified balance sheet. Complete this question by entering your answers in the tabs below. Determine the missing amounts. (Enter the answers in thousands of dollars.) $ in One 241,286 356,700 507,944 86,259 1,624,927 113,800 Cash and cash equivalents Short-term investments Accounts receivable Inventory Prepaid expenses (current) Total current assets Long-term receivables Equipment (net) Total...
1. Determine the missing amounts. 2. Prepare Trident's classified balance sheet. Complete this question by entering your answers in the tabs bel Required 1 Required 2 Determine the missing amounts. (Enter the answers in thousands of dolla ($ in 000s) $ 239,186 353,700 504,944 Cash and cash equivalents Short-term investments Accounts receivable Inventory Prepaid expenses (current) Total current assets Long-term receivables Equipment (net) 83,259 1,594,927 110,800 Total assets 31,116 Notes payable (current) Accounts payable Accrued liabilities Other current liabilities Total...
Problem 3-2 (Algo) Balance sheet preparation; missing elements (LO3-2, 3-3) The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2021. Required: 1. Determine the missing amounts. 2. Prepare Trident's classified balance sheet. Complete this question by entering your answers in the tabs below. ences Required 1 Required 2 Determine the missing amounts. (Enter the answers in thousands of dollars.) (5 in 000s) S 240 286 355,700 506.944 Cash and cash equivalents Short-term investments...
Problem 3-2 (Algo) Balance sheet preparation; missing elements [LO3-2, 3-3] The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2021. 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.) ($ in 000s) $ 240,286 355,700 506,944 Cash and cash equivalents Short-term investments Accounts receivable...
Problem 3-2 Balance sheet preparation; missing elements [LO3-2, 3-3] The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2018. Required: 1. Determine the missing amounts. 2. Prepare Trident's classified balance sheet. 1- Determine the missing amounts. (Enter the answers in thousands of dollars.) ($ in 000s) Cash and cash equivalents $241,286 Short-term investments 356,700 Accounts receivable (net of allowance) 507,944 Inventories Prepaid expenses (current) 86,259 Total current assets 1,624,927 Long-term receivables 113,800 Property...
Required: 1. Determine the missing amounts. 2. Prepare Trident's classified balance sheet. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the missing amounts. (Enter the answers in thousands of dollars.) Cash and cash equivalents Short-term investments ($ 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 December 31, 2021, post-closing trial balance ($ in thousands) for Libby Corporation is presented below: Credits Debits 27,500 65,000 40,000 8,500 4,000 150,000 55,000 190,000 60,000 Cash Investments (long-term) Accounts receivable Allowance for uncollectible accounts Prepaid insurance Inventory Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation equipment Patents (unamortized balance) ccounts payable Notes payable, due 2022 Interest payable Bonds payable, due 2031 Common stock (no par), 33,000 shares authorized, issued, and outstanding Retained earnings Totals 147,500 40,000 4,500 42,500 75,000...