Please arrange the following accounts for a balance sheet of Dogs R Us Inc. for Dec...
Please arrange the following accounts for a balance sheet of Dogs R Us Inc. for Dec 31, 2019
Common stock $ 20,000
Notes Payable ( 41,000
Equipment 70,000
Cash 5,000
Office Supplies 600
Unearned Revenue 400
Additional Paid In Capital 30,000
Buildings 90,000
Accounts Receivable 16,000
Land 20,000
Interest Payable 200
Inventory 24,000
Allowance for Uncollectable Accounts 5,000
Franchise 4,500
Investment 18,100
Accumulated depreciation – Buildings 10,000
Accumulated depreciation – equipment 62,000
Accounts Payable 2,700
Retained Earnings 5,000
Trading Securities at fair value 700
Prepaid Rent 200
Bonds Payable 60,300
Income Tax Payable 1,500
Accumulated Other Comprehensive Income 11,000
Addition data: Notes Payable consist of $1,000 note due in March 2020 and a $40,000 note due in 2025
Bonds Payable consist of $60,000 that comes due in Dec 2022, the rest is due 2020. Investments: Long term Investments of $15,000 will be held until Nov 2020 when they can be traded. The rest is held to maturity in 2024. A/R – present A/R as a net figure on the balance sheet.
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Please arrange the following accounts for a balance sheet of
Dogs R Us Inc. for Dec...
Presented are selected accounts from the adjusted trial balance of Uhura Company at December 31, 2020....
Presented are selected accounts from the adjusted trial balance of Uhura Company at December 31, 2020. All balances are normal. Cash $230,000 Accounts receivable 357,000 Allowance for doubtful accounts 17,000 Inventory (market value $408,000) 401,000 Equity investments - marketable, short-term (fair value $120,000) 140,000 Fair value adjustment – equity investments (20,000) Buildings 730,000 Equipment 265,000 Accumulated depreciation – buildings 160,000 Accumulated depreciation – equipment 125,000 Land held for future use 175,000 Goodwill 80,000 Cash surrender value of life insurance 90,000...
Presented below are a number of balance sheet items for Swifty, Inc. for the current year,...
Presented below are a number of balance sheet items for Swifty, Inc. for the current year, 2020. Goodwill $ 126,590 Accumulated Depreciation-Equipment $ 292,240 Payroll Taxes Payable 179,181 Inventory 241,390 Bonds payable 301,590 Rent payable (short-term) 46,590 Discount on bonds payable 15,240 Income taxes payable 99,952 Cash 361,590 Rent payable (long-term) 481,590 Land 481,590 Common stock, $1 par value 201,590 Notes receivable 447,290 Preferred stock, $10 par value 151,590 Notes payable (to banks) 266,590 Prepaid expenses 89,510 Accounts payable 491,590...
E5-4B (L02,3) (Preparation of a Classified Balance Sheet) Assume that Cluver Inc. has the following accounts...
E5-4B (L02,3) (Preparation of a Classified Balance Sheet) Assume that Cluver Inc. has the following accounts at the end ofthe current year. 1. Accrued Salaries Payable. 14. Common Stock 2. Cash Restricted for Plant Expansion. 15. Treasury Stock (at cost). 3. Land Held for Future Plant Site. 16. Raw Materials. 4. Accumulated Depreciation Buildings. 17. Unearned Rent Revenue. 5. Retained Earnings 18. Copyrights. 6. Unearned Subscriptions Revenue. 19. Notes Receivable (short-term). 7. Finished Goods. 20. Cash. 8. Accounts Receivable. 21....
Current Attempt in Progress Presented below are a number of balance sheet items for Whispering, Inc....
Current Attempt in Progress Presented below are a number of balance sheet items for Whispering, Inc. for the current year, 2020. Goodwill $292.380 241,810 Payroll Taxes Payable Bonds payable Discount on bonds payable $ 127,010 Accumulated Depreciation-Equipment 179,601 Inventory 302,010 Rent payable (short-term) 15,380 Income taxes payable Cash 362,010 Rent payable (long-term 47.010 100,372 492.010 202.010 152,010 Land 482,010 Common stock, $1 par value 447.710 Preferred stock. $10 par value Notes receivable Notes payable (to banks) 267,010 Prepaid expenses 89.930...
The following is the ending balances of accounts at December 31, 2018 for the Vosburgh Electronics...
The following is the ending balances of accounts at December 31, 2018 for the Vosburgh Electronics Corporation. Account Title Debits Credits Cash 75,000 Short-term investments 190,000 Accounts receivable 131,000 Long-term investments 39,000 Inventories 219,000 Loans to employees 44,000 Prepaid expenses (for 2019) 20,000 Land 284,000 Building 1,590,000 Machinery and equipment 641,000 Patent 156,000 Franchise 44,000 Note receivable 270,000 Interest receivable 16,000 Accumulated depreciation—building 624,000 Accumulated depreciation—equipment 214,000 Accounts payable 193,000 Dividends payable (payable on 1/16/19) 14,000 Interest payable 20,000 Taxes...
Presented below are a number of balance sheet items for Sheridan, Inc. for the current year,...
Presented below are a number of balance sheet items for Sheridan, Inc. for the current year, 2020. Goodwill Payroll Taxes Payable Bonds payable Discount on bonds payable Cash Land Notes receivable Notes payable (to banks) Accounts payable Retained earnings Income taxes receivable Notes payable (long-term) $ 128,390 180,981 303,390 15,350 363,390 483,390 449,090 268,390 493,390 ? 101,020 1,603,390 Accumulated Depreciation-Equipment Inventory Rent payable (short-term) Income taxes payable Rent payable (long-term) Common stock, $1 par value Preferred stock, $10 par value...
Problem 5-2 Presented below are a number of balance sheet items for Teal, Inc. for the...
Problem 5-2 Presented below are a number of balance sheet items for Teal, Inc. for the current year, 2020. Goodwill $ 127,990 Accumulated Depreciation-Equipment $ 292,160 Payroll Taxes Payable 180,581 Inventory 242,790 Bonds payable 302,990 Rent payable (short-term) 47,990 Discount on bonds payable 15,160 Income taxes payable 101,352 Cash 362,990 Rent payable (long-term) 482,990 Land 482,990 Common stock, $1 par value 202,990 Notes receivable 448,690 Preferred stock, $10 par value 152,990 Notes payable (to banks) 267,990 Prepaid expenses 90,910 Accounts...
Presented below are a number of balance sheet items for Crane, Inc. for the current year,...
Presented below are a number of balance sheet items for Crane,
Inc. for the current year, 2020.
Goodwill
$ 129,340
Accumulated Depreciation-Equipment
$ 292,330
Payroll Taxes Payable
181,931
Inventory
244,140
Bonds payable
304,340
Rent payable (short-term)
49,340
Discount on bonds payable
15,330
Income taxes payable
102,702
Cash
364,340
Rent payable (long-term)
484,340
Land
484,340
Common stock, $1 par value
204,340
Notes receivable
450,040
Preferred stock, $10 par value
154,340
Notes payable (to banks)
269,340
Prepaid expenses
92,260
Accounts payable
494,340...
Please fill out balance sheet The following is the ending balances of accounts at December 31,...
Please fill out balance
sheet
The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation. Credits Account Title Cash Short-term investments Accounts receivable Long-term investments Inventory Receivables from employees Prepaid expenses (for 2022) Land Building Equipment Patent (net) Franchise (net) Notes receivable Interest receivable Accumulated depreciation-building Accumulated depreciation-equipment Accounts payable Dividends payable (payable on 1/16/2022) Interest payable Income Taxes payable Deferred revenue Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals...
Problems: (25 points) 1. (Balance Sheet Preparation) Presented below are a number of balance sheet items...
Problems: (25 points) 1. (Balance Sheet Preparation) Presented below are a number of balance sheet items for Montoya, Inc. for the current year, 2020. (15 points) Accumulated depreciation-equipment S 292,000 Payroll taxes payable 52.591 Inventory 239,800 Bonds payable 285,000 Rent payable (short-term) 45,000 Income taxes payable 98,362 Cash 360,000 Rent payable (long-term) 480,000 Land 480,000 Common stock, Si par value 200,000 Notes receivable 445.700 Preferred stock, S10 par value 150,000 Notes payable (to banks) 265.000 Prepaid expenses 87,920 Accounts payable...
E5-4B (L02,3) (Preparation of a Classified Balance Sheet) Assume that Cluver Inc. has the following accounts at the end ofthe current year. 1. Accrued Salaries Payable. 14. Common Stock 2. Cash Restricted for Plant Expansion. 15. Treasury Stock (at cost). 3. Land Held for Future Plant Site. 16. Raw Materials. 4. Accumulated Depreciation Buildings. 17. Unearned Rent Revenue. 5. Retained Earnings 18. Copyrights. 6. Unearned Subscriptions Revenue. 19. Notes Receivable (short-term). 7. Finished Goods. 20. Cash. 8. Accounts Receivable. 21....
Current Attempt in Progress Presented below are a number of balance sheet items for Whispering, Inc. for the current year, 2020. Goodwill $292.380 241,810 Payroll Taxes Payable Bonds payable Discount on bonds payable $ 127,010 Accumulated Depreciation-Equipment 179,601 Inventory 302,010 Rent payable (short-term) 15,380 Income taxes payable Cash 362,010 Rent payable (long-term 47.010 100,372 492.010 202.010 152,010 Land 482,010 Common stock, $1 par value 447.710 Preferred stock. $10 par value Notes receivable Notes payable (to banks) 267,010 Prepaid expenses 89.930...
Presented below are a number of balance sheet items for Sheridan, Inc. for the current year, 2020. Goodwill Payroll Taxes Payable Bonds payable Discount on bonds payable Cash Land Notes receivable Notes payable (to banks) Accounts payable Retained earnings Income taxes receivable Notes payable (long-term) $ 128,390 180,981 303,390 15,350 363,390 483,390 449,090 268,390 493,390 ? 101,020 1,603,390 Accumulated Depreciation-Equipment Inventory Rent payable (short-term) Income taxes payable Rent payable (long-term) Common stock, $1 par value Preferred stock, $10 par value...
Presented below are a number of balance sheet items for Crane,
Inc. for the current year, 2020.
Goodwill
$ 129,340
Accumulated Depreciation-Equipment
$ 292,330
Payroll Taxes Payable
181,931
Inventory
244,140
Bonds payable
304,340
Rent payable (short-term)
49,340
Discount on bonds payable
15,330
Income taxes payable
102,702
Cash
364,340
Rent payable (long-term)
484,340
Land
484,340
Common stock, $1 par value
204,340
Notes receivable
450,040
Preferred stock, $10 par value
154,340
Notes payable (to banks)
269,340
Prepaid expenses
92,260
Accounts payable
494,340...
Please fill out balance
sheet
The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation. Credits Account Title Cash Short-term investments Accounts receivable Long-term investments Inventory Receivables from employees Prepaid expenses (for 2022) Land Building Equipment Patent (net) Franchise (net) Notes receivable Interest receivable Accumulated depreciation-building Accumulated depreciation-equipment Accounts payable Dividends payable (payable on 1/16/2022) Interest payable Income Taxes payable Deferred revenue Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals...
Problems: (25 points) 1. (Balance Sheet Preparation) Presented below are a number of balance sheet items for Montoya, Inc. for the current year, 2020. (15 points) Accumulated depreciation-equipment S 292,000 Payroll taxes payable 52.591 Inventory 239,800 Bonds payable 285,000 Rent payable (short-term) 45,000 Income taxes payable 98,362 Cash 360,000 Rent payable (long-term) 480,000 Land 480,000 Common stock, Si par value 200,000 Notes receivable 445.700 Preferred stock, S10 par value 150,000 Notes payable (to banks) 265.000 Prepaid expenses 87,920 Accounts payable...
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