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The following financial information is for Priscoll Company. Priscoll Company Balance Sheets December 31 Assets 2020 Cash $ 84,700 Debt investments (short-term) 66,550 Accounts receivable 125,840 Inventory 278,300 Prepaid expenses 30,250 Land 157,300 Building and equipment (net) 314,600 Total assets $1,057,540 Liabilities and Stockholders' Equity Notes payable (short-term) $205,700 Accounts payable 78,650 Accrued liabilities 48,400 Bonds payable, due 2023 302,500 Common stock, $10 par 242,000 Retained earnings 180,290 Total liabilities and stockholders' equity $1,057,540 2019 $78,650 48,400 108,900 199,650 27,830...
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The following financial information is for Priscoll Company. Priscoll Company Balance Sheets December 31 Assets 2020 Cash $ 84,700 Debt investments (short-term) 66,550 Accounts receivable 125,840 Inventory 278,300 Prepaid expenses 30,250 Land 157,300 Building and equipment (net) 314,600 Total assets $1,057,540 Liabilities and Stockholders' Equity Notes payable (short-term) $205,700 Accounts payable 78,650 Accrued liabilities 48,400 Bonds payable, due 2023 302,500 Common stock, $10 par 242,000 Retained earnings 180,290 Total liabilities and stockholders' equity $1,057,540 2019 $78,650 48,400 108,900 199,650 27,830...
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The following financial information is for Priscoll Company. Priscoll Company Balance Sheets December 31 Assets 2020 Cash $ 115,500 Debt investments (short-term) 90.750 Accounts receivable 171,600 Inventory 379,500 Prepaid expenses 41,250 Land 214,500 Building and equipment (net) 429,000 Total assets $1,442,100 Liabilities and Stockholders' Equity Notes payable (short-term) $280,500 Accounts payable 107,250 Accrued liabilities 66,000 Bonds payable, due 2023 412,500 Common stock, $10 par 330,000 Retained earnings 245,850 Total liabilities and stockholders' equity $1,442,100 2019 $ 107,250 66,000 148,500 272,250...
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The following financial information is for Priscoll Company. Priscoll Company Balance Sheets December 31 Assets 2020 Cash $ 102,200 Debt investments (short-term) 80,300 Accounts receivable 151,840 Inventory 335,800 Prepaid expenses 36,500 Land 189,800 Building and equipment (net) 379,600 Total assets $1,276,040 Liabilities and Stockholders' Equity Notes payable (short-term) $248,200 Accounts payable 94,900 Accrued liabilities 58,400 Bonds payable, due 2023 365,000 Common stock, $10 par 292,000 Retained earnings 217,540 Total liabilities and stockholders' equity $1,276,040 2019 $ 94,900 58,400 131,400 240,900...
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The following financial information is for Priscoll Company. Priscoll Company Balance Sheets December 31 Assets 2020 Cash $ 137,200 Debt investments (short-term) 107,800 Accounts receivable 203,840 Inventory 450,800 Prepaid expenses 49,000 Land 254,800 Building and equipment (net) 509,600 Total assets $1,713,040 Liabilities and Stockholders' Equity Notes payable (short-term) $333,200 Accounts payable 127,400 Accrued liabilities 78.400 Bonds payable, due 2023 490,000 Common stock, $10 par 392,000 Retained earnings 292,040 Total liabilities and stockholders' equity $1,713,040 2019 $ 127,400 78,400 176,400 323,400...
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The following financial information is for Priscoll Company. 2019 Priscoll Company Balance Sheets December 31 Assets 2020 Cash $ 135,800 Debt investments (short-term) 106,700 Accounts receivable 201.760 Inventory 446,200 Prepaid expenses 48,500 Land 252,200 Building and equipment (net) 504,400 Total assets $1,695,560 Liabilities and Stockholders' Equity Notes payable (short-term) $329,800 Accounts payable 126,100 Accrued liabilities 77.600 Bonds payable, due 2023 485,000 Common stock, $10 par 388,000 Retained earnings 289,060 Total liabilities and stockholders' equity $1,695,560 $ 126,100 77,600 174,600 320,100...
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2019 Priscoll Company Balance Sheets December 31 Assets 2020 Cash $ 136,500 Debt investments (short-term) 107,250 Accounts receivable 202,800 Inventory 448,500 Prepaid expenses 48,750 Land 253,500 Building and equipment (net) 507,000 Total assets $1,704,300 Liabilities and Stockholders' Equity Notes payable (short-term) $331,500 Accounts payable 126,750 Accrued liabilities 78,000 Bonds payable, due 2023 487,500 Common stock, $10 par 390,000 Retained earnings 290,550 Total liabilities and stockholders' equity $1,704,300 $ 126,750 78,000 175,500 321,750 44,850 253,500 360,750 $1,361,100 $234,000 101,400 78,000 331,500...
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Priscoll Company Balance Sheets December 31 Assets 2020 Cash $ 95,900 Debt investments (short-term) 75,350 Accounts receivable 142.480 Inventory 315.100 Prepaid expenses 34,250 Land 178,100 Building and equipment (net) 356,200 Total assets $1,197,380 Liabilities and Stockholders' Equity Notes payable (short-term) $232,900 Accounts payable 89,050 Accrued liabilities 54,800 Bonds payable, due 2023 342.500 Common stock, 510 par 274.000 Retained earning 204,130 Total liabilities and stockholders' equity $1.197.380 2019 $ 89,050 54,800 123,300 226,050 31,510 178,100 253.450 $956 260 $164.400 71.240 54,800...
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Question 4 The following financial information is for Priscoll Company. Priscoll Company Balance Sheets December 31 Assets 2020 Cash $ 135,800 Debt investments (short-term) 106,700 Accounts receivable 201,760 Inventory 446,200 Prepaid expenses 48,500 Land 252,200 Building and equipment (net) 504,400 Total assets $1,695,560 Liabilities and Stockholders' Equity Notes payable (short-term) $329,800 Accounts payable 126,100 Accrued liabilities 77,600 Bonds payable, due 2023 485,000 Common stock, $10 par 388,000 Retained earnings 289,060 Total liabilities and stockholders' equity $1,695,560 2019 $ 126,100 77,600...
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Question 3 of 3 The following financial information is for Priscoll Company. Priscoll Company Balance Sheets December 31 Assets 2020 Cash $ 119,700 Debt investments (short-term) 94,050 Accounts receivable 177,840 Inventory 393,300 Prepaid expenses 42.750 Land 222,300 Building and equipment (net) 444,600 Total assets $1.494 540 Liabilities and Stockholders' Equity Notes payable (short-term) $290,700 Accounts payable 111 150 Accrued liabilities 68.400 Bonds payable, due 2023 427.500 Common stock. $10 par 342.000 Retained earnings 254.790 Total liabilities and stockholders' equity $1.494...
The following financial information is for Priscoll Company. Priscoll Company Balance Sheets December 31 Assets 2020 Cash $ 84,700 Debt investments (short-term) 66,550 Accounts receivable 125,840 Inventory 278,300 Prepaid expenses 30,250 Land 157,300 Building and equipment (net) 314,600 Total assets $1,057,540 Liabilities and Stockholders' Equity Notes payable (short-term) $205,700 Accounts payable 78,650 Accrued liabilities 48,400 Bonds payable, due 2023 302,500 Common stock, $10 par 242,000 Retained earnings 180,290 Total liabilities and stockholders' equity $1,057,540 2019 $78,650 48,400 108,900 199,650 27,830...
The following financial information is for Priscoll Company. Priscoll Company Balance Sheets December 31 Assets 2020 Cash $ 84,700 Debt investments (short-term) 66,550 Accounts receivable 125,840 Inventory 278,300 Prepaid expenses 30,250 Land 157,300 Building and equipment (net) 314,600 Total assets $1,057,540 Liabilities and Stockholders' Equity Notes payable (short-term) $205,700 Accounts payable 78,650 Accrued liabilities 48,400 Bonds payable, due 2023 302,500 Common stock, $10 par 242,000 Retained earnings 180,290 Total liabilities and stockholders' equity $1,057,540 2019 $78,650 48,400 108,900 199,650 27,830...
The following financial information is for Priscoll Company. Priscoll Company Balance Sheets December 31 Assets 2020 Cash $ 115,500 Debt investments (short-term) 90.750 Accounts receivable 171,600 Inventory 379,500 Prepaid expenses 41,250 Land 214,500 Building and equipment (net) 429,000 Total assets $1,442,100 Liabilities and Stockholders' Equity Notes payable (short-term) $280,500 Accounts payable 107,250 Accrued liabilities 66,000 Bonds payable, due 2023 412,500 Common stock, $10 par 330,000 Retained earnings 245,850 Total liabilities and stockholders' equity $1,442,100 2019 $ 107,250 66,000 148,500 272,250...
The following financial information is for Priscoll Company. Priscoll Company Balance Sheets December 31 Assets 2020 Cash $ 102,200 Debt investments (short-term) 80,300 Accounts receivable 151,840 Inventory 335,800 Prepaid expenses 36,500 Land 189,800 Building and equipment (net) 379,600 Total assets $1,276,040 Liabilities and Stockholders' Equity Notes payable (short-term) $248,200 Accounts payable 94,900 Accrued liabilities 58,400 Bonds payable, due 2023 365,000 Common stock, $10 par 292,000 Retained earnings 217,540 Total liabilities and stockholders' equity $1,276,040 2019 $ 94,900 58,400 131,400 240,900...
The following financial information is for Priscoll Company. Priscoll Company Balance Sheets December 31 Assets 2020 Cash $ 137,200 Debt investments (short-term) 107,800 Accounts receivable 203,840 Inventory 450,800 Prepaid expenses 49,000 Land 254,800 Building and equipment (net) 509,600 Total assets $1,713,040 Liabilities and Stockholders' Equity Notes payable (short-term) $333,200 Accounts payable 127,400 Accrued liabilities 78.400 Bonds payable, due 2023 490,000 Common stock, $10 par 392,000 Retained earnings 292,040 Total liabilities and stockholders' equity $1,713,040 2019 $ 127,400 78,400 176,400 323,400...
The following financial information is for Priscoll Company. 2019 Priscoll Company Balance Sheets December 31 Assets 2020 Cash $ 135,800 Debt investments (short-term) 106,700 Accounts receivable 201.760 Inventory 446,200 Prepaid expenses 48,500 Land 252,200 Building and equipment (net) 504,400 Total assets $1,695,560 Liabilities and Stockholders' Equity Notes payable (short-term) $329,800 Accounts payable 126,100 Accrued liabilities 77.600 Bonds payable, due 2023 485,000 Common stock, $10 par 388,000 Retained earnings 289,060 Total liabilities and stockholders' equity $1,695,560 $ 126,100 77,600 174,600 320,100...
2019 Priscoll Company Balance Sheets December 31 Assets 2020 Cash $ 136,500 Debt investments (short-term) 107,250 Accounts receivable 202,800 Inventory 448,500 Prepaid expenses 48,750 Land 253,500 Building and equipment (net) 507,000 Total assets $1,704,300 Liabilities and Stockholders' Equity Notes payable (short-term) $331,500 Accounts payable 126,750 Accrued liabilities 78,000 Bonds payable, due 2023 487,500 Common stock, $10 par 390,000 Retained earnings 290,550 Total liabilities and stockholders' equity $1,704,300 $ 126,750 78,000 175,500 321,750 44,850 253,500 360,750 $1,361,100 $234,000 101,400 78,000 331,500...
Priscoll Company Balance Sheets December 31 Assets 2020 Cash $ 95,900 Debt investments (short-term) 75,350 Accounts receivable 142.480 Inventory 315.100 Prepaid expenses 34,250 Land 178,100 Building and equipment (net) 356,200 Total assets $1,197,380 Liabilities and Stockholders' Equity Notes payable (short-term) $232,900 Accounts payable 89,050 Accrued liabilities 54,800 Bonds payable, due 2023 342.500 Common stock, 510 par 274.000 Retained earning 204,130 Total liabilities and stockholders' equity $1.197.380 2019 $ 89,050 54,800 123,300 226,050 31,510 178,100 253.450 $956 260 $164.400 71.240 54,800...
Question 4 The following financial information is for Priscoll Company. Priscoll Company Balance Sheets December 31 Assets 2020 Cash $ 135,800 Debt investments (short-term) 106,700 Accounts receivable 201,760 Inventory 446,200 Prepaid expenses 48,500 Land 252,200 Building and equipment (net) 504,400 Total assets $1,695,560 Liabilities and Stockholders' Equity Notes payable (short-term) $329,800 Accounts payable 126,100 Accrued liabilities 77,600 Bonds payable, due 2023 485,000 Common stock, $10 par 388,000 Retained earnings 289,060 Total liabilities and stockholders' equity $1,695,560 2019 $ 126,100 77,600...
Question 3 of 3 The following financial information is for Priscoll Company. Priscoll Company Balance Sheets December 31 Assets 2020 Cash $ 119,700 Debt investments (short-term) 94,050 Accounts receivable 177,840 Inventory 393,300 Prepaid expenses 42.750 Land 222,300 Building and equipment (net) 444,600 Total assets $1.494 540 Liabilities and Stockholders' Equity Notes payable (short-term) $290,700 Accounts payable 111 150 Accrued liabilities 68.400 Bonds payable, due 2023 427.500 Common stock. $10 par 342.000 Retained earnings 254.790 Total liabilities and stockholders' equity $1.494...