Question

MANGO INC. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) ASSETS Current assets: Cash Short-term investments Accounts receivable Inventories Other current assets Total current assets Long-term investments Property, plant, and equipment, net Other noncurrent assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable Accrued expenses Unearned revenue Short-term notes payable Total current liabilities Long-term debt Other noncurrent liabilities Total liabilities Stockholders' equity: Common stock ($0.00001 per value) Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities and shareholders' equity $ 14,024 11,377 17,681 2,134 24,141 69,357 131,732 20,873 12,676 $ 234,638 $ 30,563 18,679 8,599 6,385 64,226 29,344 28, 196 121,766 1 25,212 87,659 112,872 $234,638

Answer 1

1. Ledgers -

Accounts Payable $ 30,563 b. Beg Bal. Cash Beg Bal. $ 14,024 $ 24,100 a $ 18,299 $ 9,605 d $ 1,503 $ 19,040 с End Bal $ 30,563 End Bal $ 19,161 Accrued Expense $ 18,679 Beg Bal. Short Term Investments Beg Bal. $ 11,377 $ 19,040 b. $ 19,280 End Bal $ 18,679 End Bal$ 11,617 Unearned Revenue $ 8,599 Beg Bal. Accounts Receivable Beg Bal. $ 17,681 End Bal $ 8,599 End Bal $ 17,681 Inventories Beg Bal.$ 2,134 Short Term Notes Payable Beg Bal $ 6,385 $ 1,443 с End Bal $ 7,828 End Bal$ 2,134 Beg Bal. Other Current Assets Beg Bal. $ 24,141 Long Term Debt $ 29,344 $ 18,299 a End Bal $ 47,643 End Bal$ 24,141 Other Non Current Liabilities Beg Bal. $ 28,196 Long Term Investments Beg Bal. $131,732 b. $ 4,820 End Bal $ 28,196 End Bal $136,552 Beg Bal. Property Plant and Equipment, net Beg Bal. $ 20,873 с $ 11,048 Common Stock $ 1 $ 1 d End Bal $ 2 End Bal$ 31,921 Other Non Current Assets Beg Bal. $ 12,676 Additional Paid in Capital Beg Bal. $ 25,212 $ 1,502 d End Bal $ 26,714 End Bal$ 12,676 Dividend Payable Beg Bal. f f Retained Earnings $ 87,659 $ 11,158 f $ 11,158 End Bal $ 11,158 End Bal $ 76,501