Homework Answers
|
Current assets: |
||
|
Cash (37000+50000) |
$87000 |
|
|
Less: restricted cash for plant expansion |
($50000) |
$37000 |
|
Trading securities at fair value |
$29000 |
|
|
Accounts receivable |
$161000 |
|
|
Less: allowance for doubtful account |
$(12000) |
$149000 |
|
Interest receivable (40000*6%*8/12) |
$1600 |
|
|
Inventories at lower of cost or market |
||
|
Finished goods |
$52000 |
|
|
Work in process |
$34000 |
|
|
Raw materials |
$207000 |
$293000 |
|
Total current assets |
$509600 |
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Instructions The the account balances using the additional information 1 amounts of Yasunari Kawabata Company at...
Instructions the account balances using the additional information. Prepare a corrected classified balance sheet as of...
Instructions the account balances using the additional information. Prepare a corrected classified balance sheet as of July 31, 2020, from the available information, adjusting ES7 (LO2) Excel (Current Assets Section of the Balance Sheet) Presented below are selected accounts of Yasunari Kawabata Company at December 31, 2020. $ 52,000 Cost of Goods Sold Inventory (finished goods) 90,000 Notes Receivable Uneared Service Revenue Equipment 253,000 Accounts Receivable Inventory (work in process) 34,000 Inventory (raw materials) Cash 37,000 Supplies Expense Debt Investments...
Presented below are selected accounts of Yasunari Kawabata Company at December 31, 2020. $ Inventory (finished...
Presented below are selected accounts of Yasunari Kawabata Company at December 31, 2020. $ Inventory (finished goods) Unearned Service Revenue Equipment Inventory (work in process) Cash Debt Investments (short-term) Customer Advances Restricted Cash for Plant Expansion $ $ $ $ $ $ $ $ 52,000 90,000 253,000 34,000 37,000 31,000 36,000 50,000 Cost of Goods Sold Notes Receivable Accounts Receivable Inventory (raw materials) Supplies Expense Allow. for Doubtful Accounts Licenses Additional Paid-in Capital Treasury Stock 2,100,000 40,000 161,000 207,000 60,000...
2010 Prepare a corrected classified balance sheet as of July 31, 2020, from the available information,...
2010 Prepare a corrected classified balance sheet as of July 31, 2020, from the available information, adjusting the account balance in 5-710 Excel (Current Assets Section of the balance Sheet) wented below are selected to Yasunan kawalala company at December Inventory (finished goods) $ 59,000 Coat of Good Sold $2,100,000 Unearned Service Revenue 90,000 Notes Receivable 40,000 Equipment 25.1.000 Accounts Receivable 161,000 Inventory (work in process) 34.000 Inventory (raw materials) 207.000 Cash 37,000 Supplies Expense 60,000 Debt Investments (trading) 31,000...
Presented below are selected accounts of Waterway Company at December 31, 2020. Inventory (finished goods) $...
Presented below are selected accounts of Waterway Company at December 31, 2020. Inventory (finished goods) $ 60,000 Cost of Goods Sold $2,144,900 Unearned Service Revenue 98,600 Notes Receivable 42,800 Equipment 259,900 Accounts Receivable 148,990 Inventory (work in process) 35,700 Inventory (raw materials) 176,340 Cash 41,700 Supplies Expense 59,790 Debt Investments (trading) 31,500 Allowance for Doubtful Accounts 11,800 Customer Advances 51,100 Licenses 16,500 Restricted Cash for Plant Expansion 54,000 Additional Paid-in Capital 85,240 Treasury Stock 23,460 The following additional information is...
Presented below are selected accounts of Wildhorse Company at December 31, 2020. Inventory (finished goods) Unearned...
Presented below are selected accounts of Wildhorse Company at December 31, 2020. Inventory (finished goods) Unearned Service Revenue Equipment Inventory (work in process) Cash Debt Investments (trading) Customer Advances Restricted Cash for Plant Expansion $ 53,500 Cost of Goods Sold 95,200 Notes Receivable 257,100 Accounts Receivable 36,000 Inventory (raw materials) 43,800 Supplies Expense 39,500 Allowance for Doubtful Accounts Licenses 58,300 Additional Paid-in Capital Treasury Stock $2,192,400 41,000 161,020 182,280 65,490 11,290 16,890 88,040 22,320 53,200 The following additional information is...
Presented below are selected accounts of Skysong Company at December 31, 2020. Inventory (finished goods) Unearned...
Presented below are selected accounts of Skysong Company at December 31, 2020. Inventory (finished goods) Unearned Service Revenue Equipment Inventory (work in process) Cash Debt Investments (trading) Customer Advances Restricted Cash for Plant Expansion $ 60,500 Cost of Goods Sold 92,200 Notes Receivable 261,300 Accounts Receivable 34,200 Inventory (raw materials) 40,700 Supplies Expense 39,700 Allowance for Doubtful Accounts 38,100 Licenses 53,200 Additional Paid-in Capital Treasury Stock $2,120,400 40,400 152,420 193,420 55,100 11,520 17,680 85,150 22,270 The following additional information is...
View Policies Current Attempt in Progress Presented below are selected accounts of Pearl Company at December...
View Policies Current Attempt in Progress Presented below are selected accounts of Pearl Company at December 31, 2020. Inventory (finished goods) Unearned Service Revenue Equipment Inventory (work in process) Cash Debt Investments (trading) Customer Advances Restricted Cash for Plant Expansion $ 59,000 94,300 258,100 42,700 43,400 36,900 45,400 55,600 Cost of Goods Sold Notes Receivable Accounts Receivable Inventory (raw materials) Supplies Expense Allowance for Doubtful Accounts Licenses Additional Paid-in Capital Treasury Stock $2,150,000 43,600 156,450 199,390 62,150 12,250 19.190 94,870...
Exercise 5-7 Presented below are selected accounts of Teal Company at December 31, 2020. Inventory (finished...
Exercise 5-7 Presented below are selected accounts of Teal Company at December 31, 2020. Inventory (finished goods) $ 60,100 Cost of Goods Sold $2,155,700 Unearned Service Revenue 90,800 Notes Receivable 39,600 Equipment 257,600 Accounts Receivable 161,840 Inventory (work in process) 34,600 Inventory (raw materials) 185,820 Cash 42,200 Supplies Expense 64,880 Debt Investments (trading) 37,000 Allowance for Doubtful Accounts 12,220 Customer Advances 52,700 Licenses 19,080 Restricted Cash for Plant Expansion 56,100 Additional Paid-in Capital 92,790 Treasury Stock 22,870 The following additional...
Presented below are selected accounts of Pina Company at December 31, 2020. Cost of Goods Sold...
Presented below are selected accounts of Pina Company at December 31, 2020. Cost of Goods Sold $ 57,100 99,000 259,100 41,700 Inventory (finished goods) Unearned Service Revenue Equipment Inventory (work in process) Cash Debt Investments (trading) Customer Advances Restricted Cash for Plant Expansion $2,105,600 37,200 164,180 195,590 64,430 11,240 17,770 Notes Receivable Accounts Receivable Inventory (raw materials) Supplies Expense Allowance for Doubtful Accounts Licenses Additional Paid-in Capital Treasury Stock 42,600 32,700 42,900 50,800 86,610 23,020 The following additional information is...
Prepare the current assets section of Larkspur Company's December 31, 2020, balance sheet, with appropriate disclosures....
Prepare the current assets section of Larkspur Company's December
31, 2020, balance sheet, with appropriate disclosures.
Current Attempt in Progress Presented below are selected accounts of Larkspur Company at December 31, 2020. Inventory (finished goods) Unearned Service Revenue Equipment Inventory (work in process) Cash Debt Investments (trading) Customer Advances Restricted Cash for Plant Expansion $ 53,500 95,200 257,100 36,000 43,800 39,500 53,200 58,300 Cost of Goods Sold Notes Receivable Accounts Receivable Inventory (raw materials) Supplies Expense Allowance for Doubtful Accounts...
Instructions the account balances using the additional information. Prepare a corrected classified balance sheet as of July 31, 2020, from the available information, adjusting ES7 (LO2) Excel (Current Assets Section of the Balance Sheet) Presented below are selected accounts of Yasunari Kawabata Company at December 31, 2020. $ 52,000 Cost of Goods Sold Inventory (finished goods) 90,000 Notes Receivable Uneared Service Revenue Equipment 253,000 Accounts Receivable Inventory (work in process) 34,000 Inventory (raw materials) Cash 37,000 Supplies Expense Debt Investments...
Presented below are selected accounts of Yasunari Kawabata Company at December 31, 2020. $ Inventory (finished goods) Unearned Service Revenue Equipment Inventory (work in process) Cash Debt Investments (short-term) Customer Advances Restricted Cash for Plant Expansion $ $ $ $ $ $ $ $ 52,000 90,000 253,000 34,000 37,000 31,000 36,000 50,000 Cost of Goods Sold Notes Receivable Accounts Receivable Inventory (raw materials) Supplies Expense Allow. for Doubtful Accounts Licenses Additional Paid-in Capital Treasury Stock 2,100,000 40,000 161,000 207,000 60,000...
2010 Prepare a corrected classified balance sheet as of July 31, 2020, from the available information, adjusting the account balance in 5-710 Excel (Current Assets Section of the balance Sheet) wented below are selected to Yasunan kawalala company at December Inventory (finished goods) $ 59,000 Coat of Good Sold $2,100,000 Unearned Service Revenue 90,000 Notes Receivable 40,000 Equipment 25.1.000 Accounts Receivable 161,000 Inventory (work in process) 34.000 Inventory (raw materials) 207.000 Cash 37,000 Supplies Expense 60,000 Debt Investments (trading) 31,000...
Presented below are selected accounts of Wildhorse Company at December 31, 2020. Inventory (finished goods) Unearned Service Revenue Equipment Inventory (work in process) Cash Debt Investments (trading) Customer Advances Restricted Cash for Plant Expansion $ 53,500 Cost of Goods Sold 95,200 Notes Receivable 257,100 Accounts Receivable 36,000 Inventory (raw materials) 43,800 Supplies Expense 39,500 Allowance for Doubtful Accounts Licenses 58,300 Additional Paid-in Capital Treasury Stock $2,192,400 41,000 161,020 182,280 65,490 11,290 16,890 88,040 22,320 53,200 The following additional information is...
Presented below are selected accounts of Skysong Company at December 31, 2020. Inventory (finished goods) Unearned Service Revenue Equipment Inventory (work in process) Cash Debt Investments (trading) Customer Advances Restricted Cash for Plant Expansion $ 60,500 Cost of Goods Sold 92,200 Notes Receivable 261,300 Accounts Receivable 34,200 Inventory (raw materials) 40,700 Supplies Expense 39,700 Allowance for Doubtful Accounts 38,100 Licenses 53,200 Additional Paid-in Capital Treasury Stock $2,120,400 40,400 152,420 193,420 55,100 11,520 17,680 85,150 22,270 The following additional information is...
View Policies Current Attempt in Progress Presented below are selected accounts of Pearl Company at December 31, 2020. Inventory (finished goods) Unearned Service Revenue Equipment Inventory (work in process) Cash Debt Investments (trading) Customer Advances Restricted Cash for Plant Expansion $ 59,000 94,300 258,100 42,700 43,400 36,900 45,400 55,600 Cost of Goods Sold Notes Receivable Accounts Receivable Inventory (raw materials) Supplies Expense Allowance for Doubtful Accounts Licenses Additional Paid-in Capital Treasury Stock $2,150,000 43,600 156,450 199,390 62,150 12,250 19.190 94,870...
Exercise 5-7 Presented below are selected accounts of Teal Company at December 31, 2020. Inventory (finished goods) $ 60,100 Cost of Goods Sold $2,155,700 Unearned Service Revenue 90,800 Notes Receivable 39,600 Equipment 257,600 Accounts Receivable 161,840 Inventory (work in process) 34,600 Inventory (raw materials) 185,820 Cash 42,200 Supplies Expense 64,880 Debt Investments (trading) 37,000 Allowance for Doubtful Accounts 12,220 Customer Advances 52,700 Licenses 19,080 Restricted Cash for Plant Expansion 56,100 Additional Paid-in Capital 92,790 Treasury Stock 22,870 The following additional...
Presented below are selected accounts of Pina Company at December 31, 2020. Cost of Goods Sold $ 57,100 99,000 259,100 41,700 Inventory (finished goods) Unearned Service Revenue Equipment Inventory (work in process) Cash Debt Investments (trading) Customer Advances Restricted Cash for Plant Expansion $2,105,600 37,200 164,180 195,590 64,430 11,240 17,770 Notes Receivable Accounts Receivable Inventory (raw materials) Supplies Expense Allowance for Doubtful Accounts Licenses Additional Paid-in Capital Treasury Stock 42,600 32,700 42,900 50,800 86,610 23,020 The following additional information is...
Prepare the current assets section of Larkspur Company's December
31, 2020, balance sheet, with appropriate disclosures.
Current Attempt in Progress Presented below are selected accounts of Larkspur Company at December 31, 2020. Inventory (finished goods) Unearned Service Revenue Equipment Inventory (work in process) Cash Debt Investments (trading) Customer Advances Restricted Cash for Plant Expansion $ 53,500 95,200 257,100 36,000 43,800 39,500 53,200 58,300 Cost of Goods Sold Notes Receivable Accounts Receivable Inventory (raw materials) Supplies Expense Allowance for Doubtful Accounts...
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