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Problem 4-A Classified Balance Sheet Accounts Payable ✓ Accounts Receivable Accumulated Depreciation - Building Building ✓...
$10,960 26,410 32,990 180,000 Accounts Payable Accounts Receivable Accumulated Depreciation - Equipment Common Stock Cash Equipment...
$10,960 26,410 32,990 180,000 Accounts Payable Accounts Receivable Accumulated Depreciation - Equipment Common Stock Cash Equipment Land Prepaid Insurance Prepaid Rent Retained Earnings Salaries Payable Supplies Unearned Fees 95,350 127,000 6,140 3,840 39,860 4,270 660 3,180 Prepare a classified balance sheet that includes the correct balance for Cash. Dynamic Weight Loss Co. Balance Sheet June 30, 2018 Assets Current assets: Cash Accounts receivable Supplies Prepaid insurance Prepaid rent Total current assets Property, plant, and equipment: Land Equipment Accumulated depreciation -...
Accounting Principles I (ACC 111) Completing the Accounting Cycle (Chapter 4) Homework Problems Problem 4-A Classified...
Accounting Principles I (ACC 111) Completing the Accounting Cycle (Chapter 4) Homework Problems Problem 4-A Classified Balance Sheet 6,000 5,000 40,000 120,000 12,000 60,000 Accounts Payable Accounts Receivable Accumulated Depreciation - Building Building Cash Common Stock Land Mortgage Payable Prepaid Insurance Retained Earnings Salaries Payable Supplies Unearned Fees 64,000 2,000 15,000 3,000 1,000 2,000 Requirement: Using the above amounts prepare a classified balance sheet, for the Plum Company at December 31 of the current year, that includes the correct balance...
mba 5180 Preparing a Classified Balance Sheet From the following accounts, listed in alphabetical order, prepare...
mba
5180
Preparing a Classified Balance Sheet From the following accounts, listed in alphabetical order, prepare a classified balance sheet for Berkly Wholesalers as of December 31. $117,000 45,000 78,000 2,000 2 7,000 Accounts payable $43,000 Inventory Accounts receivable 40,000 Land Building 67,000 Mortgage payable (long term) Cash 26,000 Office supplies Common stock 111,000 Retained earnings Salaries payable Berkly Wholesalers Balance Sheet December 31, 2018 Assets Current Assets Cash 26,000 Accounts receivable 40,000 Inventory 117.000 Office supplies 2,000 Total Current...
From the following accounts, listed in alphabetical order, prepare a classified balance sheet for Halford Wholesalers...
From the following accounts, listed in alphabetical order, prepare a classified balance sheet for Halford Wholesalers as of December 31. All accounts have normal balances. Accounts Payable $55,000 Inventory $142,000 Accounts Receivable 61,000 Land 58,000 Building and Equipment 87,000 Mortgage Payable (long term) 82,000 Cash 40,000 Office Supplies 2,000 Common Stock 125,000 Retained Earnings Salaries Payable 8,000 Assets Current Assets: Accounts Receivable - X Cash Inventory Office Supplies Total Current Assets HALFORD WHOLESALERS Balance Sheet December 31 Liabilities & Stockholders'...
Accounts Payable $55,000 Inventory $142,000 Accounts Receivable 61,000 Land 58,000 Building and Equipment 87,000 Mortgage Payable...
Accounts Payable $55,000 Inventory $142,000 Accounts Receivable 61,000 Land 58,000 Building and Equipment 87,000 Mortgage Payable (long term) 82,000 Cash 40,000 Office Supplies 2,000 Common Stock 125,000 Retained Earnings Salaries Payable 8,000 HALFORD WHOLESALERS Balance Sheet December 31 Liabilities & Stockholders' Equity Current Liabilities: Assets Current Assets Salaries payable Total Current Liabilities Inventory Total Current Assets 0 Long Term Liabilities: Noncurrent Assets Total Long-term Liabilities: Total Liabilities Building and Equipment Total Noncurrent Assets Stockholders' Equity HALFORD WHOLESALERS Balance Sheet December...
Required Use the following information to prepare a classified balance sheet for Alpha Co. at the...
Required Use the following information to prepare a classified balance sheet for Alpha Co. at the end of 2018. Accounts receivable $44,980 9,815 13,320 40,500 17,000 22,800 28,075 30, 260 Accounts payable Cash Common stock Land Long-term notes payable Merchandise inventory Retained earnings ALPHA CO. Classified Balance Sheet As of December 31, 2018 Assets ALPHA CO. Classified Balance Sheet As of December 31, 2018 Assets Current assets Total current assets Property, plant and equipment Total property, plant and equipment Total...
1. Classified Balance Sheet The following accounts appear in an adjusted trial balance of Waterloo Consulting....
1. Classified Balance Sheet The following accounts appear in an adjusted trial balance of Waterloo Consulting. Indicate whether each account would be reported in the current asset; property, plant, and equipment; current liability; long-term liability; or owner's equity section of the December 31, 2018, balance sheet of Waterloo Consulting. 1. Building 2. Cindy Sue Delaney, Capital 3. Notes Payable (due in five years) 4. Prepaid Rent 5. Salaries Payable 6. Supplies 7. Taxes Payable 8. Unearned Service Fees Options are:...
Income taxes payable $19,960 24,290 Interest payable Accounts payable Accounts receivable Accumulated depreciation - automobiles Accumulated...
Income taxes payable $19,960 24,290 Interest payable Accounts payable Accounts receivable Accumulated depreciation - automobiles Accumulated depreciation - buildings $6,530 1,455 48,740 24,320 Inventory Land 240,000 Automobiles 81,525 11,000 38,190 121,600 161,000 190,950 158,000 13,000 Bonds payable, due December 31, 2021 Buildings Capital stock, $10 par value Cash Long-term investments Notes payable, due June 30, 2018 Office supplies Paid-in capital in excess of par value 2,280 47,000 Patents 43,000 Prepaid rent 1,460 Retained earnings 295,445 Salaries and wages payable 3,945...
Balance Sheet Dynamic Weight Loss Co. offers personal weight reduction consulting services to individuals. After all...
Balance Sheet Dynamic Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on June 30, 2017, the end of the fiscal year, the balances of selected accounts from the ledger of Dynamic Weight Loss are as follows: Accounts Payable $9,060 Accounts Receivable 21,830 Accumulated Depreciation - Equipment 27,270 Common Stock 180,000 Cash ? Equipment 78,820 Land 105,000 Prepaid Insurance 5,070 Prepaid Rent 3,170 Retained Earnings 1,740 Salaries Payable 3,530 Supplies 540...
Required Use the following information to prepare a classified balance sheet for Alpha Co. at the...
Required Use the following information to prepare a classified balance sheet for Alpha Co. at the end of 2018. Accounts receivable $ 41,450 Accounts payable 9,390 Cash 13,640 Common stock 41,000 Land 19,000 Long-term notes payable 24,950 Merchandise inventory 30,400 Retained earnings 29,150 ALPHA CO. Classified Balance Sheet As of December 31, 2018 Assets Current assets Total current assets Property, plant and equipment Total property, plant and equipment Total assets Liabilities and Stockholders’ Equity Current liabilities Long-term liabilities Total liabilities...
$10,960 26,410 32,990 180,000 Accounts Payable Accounts Receivable Accumulated Depreciation - Equipment Common Stock Cash Equipment Land Prepaid Insurance Prepaid Rent Retained Earnings Salaries Payable Supplies Unearned Fees 95,350 127,000 6,140 3,840 39,860 4,270 660 3,180 Prepare a classified balance sheet that includes the correct balance for Cash. Dynamic Weight Loss Co. Balance Sheet June 30, 2018 Assets Current assets: Cash Accounts receivable Supplies Prepaid insurance Prepaid rent Total current assets Property, plant, and equipment: Land Equipment Accumulated depreciation -...
Accounting Principles I (ACC 111) Completing the Accounting Cycle (Chapter 4) Homework Problems Problem 4-A Classified Balance Sheet 6,000 5,000 40,000 120,000 12,000 60,000 Accounts Payable Accounts Receivable Accumulated Depreciation - Building Building Cash Common Stock Land Mortgage Payable Prepaid Insurance Retained Earnings Salaries Payable Supplies Unearned Fees 64,000 2,000 15,000 3,000 1,000 2,000 Requirement: Using the above amounts prepare a classified balance sheet, for the Plum Company at December 31 of the current year, that includes the correct balance...
mba
5180
Preparing a Classified Balance Sheet From the following accounts, listed in alphabetical order, prepare a classified balance sheet for Berkly Wholesalers as of December 31. $117,000 45,000 78,000 2,000 2 7,000 Accounts payable $43,000 Inventory Accounts receivable 40,000 Land Building 67,000 Mortgage payable (long term) Cash 26,000 Office supplies Common stock 111,000 Retained earnings Salaries payable Berkly Wholesalers Balance Sheet December 31, 2018 Assets Current Assets Cash 26,000 Accounts receivable 40,000 Inventory 117.000 Office supplies 2,000 Total Current...
From the following accounts, listed in alphabetical order, prepare a classified balance sheet for Halford Wholesalers as of December 31. All accounts have normal balances. Accounts Payable $55,000 Inventory $142,000 Accounts Receivable 61,000 Land 58,000 Building and Equipment 87,000 Mortgage Payable (long term) 82,000 Cash 40,000 Office Supplies 2,000 Common Stock 125,000 Retained Earnings Salaries Payable 8,000 Assets Current Assets: Accounts Receivable - X Cash Inventory Office Supplies Total Current Assets HALFORD WHOLESALERS Balance Sheet December 31 Liabilities & Stockholders'...
Accounts Payable $55,000 Inventory $142,000 Accounts Receivable 61,000 Land 58,000 Building and Equipment 87,000 Mortgage Payable (long term) 82,000 Cash 40,000 Office Supplies 2,000 Common Stock 125,000 Retained Earnings Salaries Payable 8,000 HALFORD WHOLESALERS Balance Sheet December 31 Liabilities & Stockholders' Equity Current Liabilities: Assets Current Assets Salaries payable Total Current Liabilities Inventory Total Current Assets 0 Long Term Liabilities: Noncurrent Assets Total Long-term Liabilities: Total Liabilities Building and Equipment Total Noncurrent Assets Stockholders' Equity HALFORD WHOLESALERS Balance Sheet December...
Required Use the following information to prepare a classified balance sheet for Alpha Co. at the end of 2018. Accounts receivable $44,980 9,815 13,320 40,500 17,000 22,800 28,075 30, 260 Accounts payable Cash Common stock Land Long-term notes payable Merchandise inventory Retained earnings ALPHA CO. Classified Balance Sheet As of December 31, 2018 Assets ALPHA CO. Classified Balance Sheet As of December 31, 2018 Assets Current assets Total current assets Property, plant and equipment Total property, plant and equipment Total...
Income taxes payable $19,960 24,290 Interest payable Accounts payable Accounts receivable Accumulated depreciation - automobiles Accumulated depreciation - buildings $6,530 1,455 48,740 24,320 Inventory Land 240,000 Automobiles 81,525 11,000 38,190 121,600 161,000 190,950 158,000 13,000 Bonds payable, due December 31, 2021 Buildings Capital stock, $10 par value Cash Long-term investments Notes payable, due June 30, 2018 Office supplies Paid-in capital in excess of par value 2,280 47,000 Patents 43,000 Prepaid rent 1,460 Retained earnings 295,445 Salaries and wages payable 3,945...
Balance Sheet Dynamic Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on June 30, 2017, the end of the fiscal year, the balances of selected accounts from the ledger of Dynamic Weight Loss are as follows: Accounts Payable $9,060 Accounts Receivable 21,830 Accumulated Depreciation - Equipment 27,270 Common Stock 180,000 Cash ? Equipment 78,820 Land 105,000 Prepaid Insurance 5,070 Prepaid Rent 3,170 Retained Earnings 1,740 Salaries Payable 3,530 Supplies 540...
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