Hi there - Can I please get some assistance with the very last portion of this question?
SANDHILL CORPORATION | |||
Balance Sheet | |||
At December 31,2020 | |||
Assets | |||
Current assets: | |||
Cash | $ 61,380 | ||
Accounts receivable | $ 56,000 | ||
Less: Allowance for doubtful accounts | $ 5,600 | $ 50,400 | |
Inventory | $ 23,000 | ||
Total current assets | $ 134,780 | ||
Property,plant, and equipment: | |||
Land | $ 68,000 | ||
Buildings | $ 98,600 | ||
Less:Accumulated depreciation-Buildings | $ 34,650 | $ 63,950 | |
Equipment | $ 33,000 | ||
Less:Accumulated depreciation-equipment | $ 17,170 | $ 15,830 | |
Total property,plant, and equipment | $ 147,780 | ||
Total Assets | $ 282,560 | ||
Liabilities and stockholders' Equity | |||
Current liabilities: | |||
Accounts payable | $ 19,400 | ||
Interest Payable | $ 5,000 | ||
Dividends payable | $ 5,856 | ||
Unearned Rent Revenue | $ 1,800 | ||
Total current liabilities | $ 32,056 | ||
Long-term liabilities: | |||
Bonds payable | $ 50,000 | ||
Total liabilities | $ 82,056 | ||
Stockholders' Equity: | |||
Paid-in capital: | |||
Capital stock: | |||
Common stock | $ 42,000 | ||
Preferred stock | $ 20,000 | ||
Total capital stock | $ 62,000 | ||
Additional capital: | |||
Paid-in capital in excess of par-common | $ 21,600 | ||
Paid-in capital in excess of par-Preferred | $ 2,000 | ||
Total additional Capital | $ 23,600 | ||
Total paid in capital | $ 85,600 | ||
Retained earnings | $ 129,624 | ||
Total paid in capital and retained earnings | $ 215,224 | ||
Less: Treasury stock | $ 14,720 | ||
Total stockholders' Equity | $ 200,504 | ||
Total liabilities and stockholders' Equity | $ 282,560 |
Hi there - Can I please get some assistance with the very last portion of this...
See below. Thank you! Accounting Cycle Review 15 a-e Sandhill Corporation's trial balance at December 31, 2020, is presented below. All 2020 transactions have been recorded except for the items described below. Debit Credit $26,500 56,000 23,000 68,000 98,600 33,000 $410 31,500 14,200 19,400 -0- -0- 7,200 50,000 30,000 Cash Accounts Receivable Inventory Land Buildings Equipment Allowance for Doubtful Accounts Accumulated Depreciation-Buildings Accumulated Depreciation Equipment Accounts Payable Interest Payable Dividends Payable Unearned Rent Revenue Bonds Payable (10%) Common Stock ($10...
Hello, I need help with the boxes in red please: Carla Vista Corporation's trial balance at December 31, 2020, is presented below. All 2020 transactions have been recorded except for the items described below. Debit Credit Cash Accounts Receivable Inventory Land Buildings Equipment Allowance for Doubtful Accounts Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment $27,300 59,000 23,100 62,800 104,400 43,000 Accounts Payable Interest Payable Dividends Payable Unearned Rent Revenue Bonds Payable (10%) Common Stock ($10 par) Paid-in Capital in Excess of Par-Common Stock...
Carla Vista Corporation's trial balance at December 31, 2020, is presented below. All 2020 transactions have been recorded except for the items described below. Debit Credit Cash Accounts Receivable Inventory Land Buildings Equipment Allowance for Doubtful Accounts Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment $27,300 59,000 23,100 62,800 104,400 43,000 Accounts Payable Interest Payable Dividends Payable Unearned Rent Revenue Bonds Payable (10%) Common Stock ($10 par) Paid-in Capital in Excess of Par-Common Stock Preferred Stock ($20 par) Paid-in Capital in Excess of Par-Preferred...
Income statement data: Advertising expense Cost of goods sold Dellvery expense S 150,000 3,700,000 30,000 30,000 100,000 140,500 21,000 30,000 .500 14,000 50,000 170,000 10,000 5,313,000 185,000 385,000 21,000 Depreciation expense-office buildings and equipment Depreciation expense -store buildings and equipment Income tax expense interest expense Interest revenue Miscellaneous selling expense Office rent expense Office salaries expense Office supplies expense Sales salaries expense Store supplies expense earnings and balance sheet data: Accounts payable Accounts recelvable s 194300 545,000 1,580,000 4,126,000 8,450...
PLEASE TYPE RESPONSE OR WRITE VERY NEATLY TO UNDERSTAND. Note: You must complete Comprehensive Problem 4 (Part A) before completing Comprehensive Problem 4 (Part B). Required: 2. After all of the transactions for the year ended December 31, Year 1, had been posted [including the transactions recorded in part (1) and all adjusting entries], the data that follows were taken from the records of Equinox Products Inc. A. Prepare a multiple-step income statement for the year ended December 31, Year...
Oriole Corporation’s trial balance at December 31, 2020, is presented below. All 2020 transactions have been recorded except for the items described below. Debit Credit Cash $26,500 Accounts Receivable 54,000 Inventory 22,700 Land 67,100 Buildings 91,300 Equipment 30,000 Allowance for Doubtful Accounts $500 Accumulated Depreciation—Buildings 28,500 Accumulated Depreciation—Equipment 12,600 Accounts Payable 19,000 Interest Payable –0– Dividends Payable –0– Unearned Rent Revenue 6,800 Bonds Payable (10%) 46,000 Common Stock ($10 par) 29,000 Paid-in Capital in Excess of Par—Common Stock 5,800 Preferred...
Can anyone help me with my homework problems? 1. Sunny Company has the following account balances after adjusting entries at December 31, 2012: Accounts Payable $24,000 Dividends 7,000 Treasury Stock, Common (22,000 shares) 98,000 Preferred Stock ($10 par) 80,000 Land 220,000 Cash 220,000 Equipment 120,000 Accounts Receivable 90,000 Common Stock ($1 par) 365,000 Sales 820,000 Prepaid Rent 70,000 Bonds Payable (due 2030) 120,000 Premium on Bonds Payable 8,000 Cost of Goods Sold 720,000 Interest Expense 20,000 Unearned Revenue 20,000 Allowance...
Jan. 3 Cash 450,000.00 Common Stock 300,000.00 Paid-in Capital in Excess of Par-Common Stock 150,000.00 Feb. 15 Cash 400,000.00 Preferred Stock 20.000.00 Paid-in Capital in Excess of Par-Preferred Stock 80,000.00 May 1 Cash 20.000.00 Bonds Payable 500,000.00 20,000.00 Premium on Bonds Payable 50,000.00 May 16 Cash Dividends 10 50,000.00 Cash Dividends Payable 20,000.00 16 Cash Dividends 20,000.00 16 Cash Dividends 20,000.00 Cash Dividends Payable 70.000.00 Cash Dividends Payable May 26 70.000.00 Cash 264.000.00 un. 8 Treasury Stock 264,000.00 Cash 20,000.00...
ccounting Cycle Review 15 a-e Crane Corporation's trial balance at December 31, 2020, is presented below. All 2020 transactions have been recorded except for the items described belovw Debit Credit $25,500 50,000 23,000 65,800 109,200 43,000 Cash Accounts Receivable Inventory Land Buildings Equipment Allowance for Doubtful Accounts Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Accounts Payable Interest Payable Dividends Payable Unearned Rent Revenue Bonds Payable (10%) Common Stock ($10 par) Paid-in Capital in Excess of Par Common $460 35,000 12,000 19,200 6,400 40,000...
Lemon Inc. has the following information regarding its preferred and common stock: Preferred stock, $30 par, 15% cumulative; 300,000 shares authorized; 180,000 shares issued and outstanding Common stock, $2 par; 2,500,000 shares authorized; 1,800,000 shares issued; 1,600,000 outstanding As of December 31, 2019, Lemon was 3 years in arrears on its dividends. During 2020, Lemon declared and paid dividends. As a result, the common stockholders received dividends of $0.80 per share. CHART OF ACCOUNTS Lemon Inc. General Ledger ASSETS 111...