Land (used in operations): $114,000
Inventory: $55,000
Accounts Receivable: $24,000
Long-Term Investment in Stocks: $36,000
Intangible Assets: $15,000
Cash: $26,000
Notes Receivable (due in 3 years): $26,000
Prepaid Expenses: $10,800
Supplies: $10,200
Trucks: $46,000
Accumulated Depreciation: $12,000
Homework Answers
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| Jisko | Amount $ |
| Land (used in operations) | 114,000.00 |
| Trucks | 46,000.00 |
| Accumulated Depreciation | (12,000.00) |
| Plan assets reported in balance sheet | 148,000.00 |
Add Answer to:
Land (used in operations): $114,000
Inventory: $55,000
Accounts Receivable: $24,000
Long-Term Investment in Stocks: $36,000
Intangible...
The CEO of Jisko requests our help in preparing year-end financial reports. The CEO explains that...
The CEO of Jisko requests our help in preparing year-end financial reports. The CEO explains that they are having difficulty classifying accounts. The Tableau dashboard shows December 31 year-end data from the company's accounting system. asset: land=$114,000;long-term investment in stocks=$36,000; notes receivable(due in 3 years)=$26,000;prepaid expenses=$10,800;supplies=$10,200;cash=$26,000; account receivable=$24,000;trucks=$46,000; accumlated depreciation=$12,000; intangible assets=$15,000;inventory=$55,000; liabilities&equity: accounts payable=$62,000;wages payable=$21,000; interest payable=$24,000; notes payable(due in 9 years)=$34,000;mortgage payable(due in 20 years)=$84,000;common stock=$69,000; retained earnings=$57,000 2. Prepare the current assets section of its December 31...
Tableau DA 3-4: Quick Study, Classifying balance sheet items LO C3 The CEO of Jisko requests...
Tableau DA 3-4: Quick Study, Classifying balance sheet items LO C3 The CEO of Jisko requests our help in preparing year-end financial reports. The CEO explains that they are having difficulty classifying accounts. The Tableau dashboard shows December 31 year-end data from the company's accounting system. Assets Long-Term Investment in Stocks Notes Receivable (due in 3 years) Land Prepaid Expenses Accounts Receivable Cash Supplies Intangible Assets Inventory Trucks Liabilities & Equity Accounts Payable Wages Payable Interest Payable Notes Payable (due...
Classify each of the following accounts with their balance sheet classifications Accumulated Depreciation Equipment Short-term investments...
Classify each of the following accounts with their balance sheet classifications Accumulated Depreciation Equipment Short-term investments Merchandise Inventory Land L. Dawn, Capital 1. Current Assets Salaries Payable 2. Current Liabilties Prepaid Insurance 3. Long Term Investments Accounts receivable 4. Long Term Liabilties 5. Property Plant and Equipment Patents 6. Intangible Assets Accounts receivable 4. Long Term Liabilties 5. Property Plant and Equipment Patents 6. Intangible Assets Cash 7. Owner's Equity Notes Payable (due in 2 years) Accounts payable Equipment Supplies...
accounts payable 62000 wages payable 21000 interest payable 24000 notes payable 34000 mortgage payable 84000 common...
accounts payable 62000
wages payable 21000
interest payable 24000
notes payable 34000
mortgage payable 84000
common stock 69000
retained earnings 57000
land 114000
long term investment in stocks 36000
notes receivable (due in 3 yrs) 26000
accounts receivable 24000
cash 26000
prepaid expenses 10800
supplies 10200
intangible assets 15000
trucks 15k accumulated depreciation 12000
inventory 55000
1. Identify the company's current assets and their amounts. 2. Identify the company's current liabilities and their amounts. 3. Calculate the total amount reported...
Accounts payable $36,210 Accounts receivable 68,782 Accrued liabilities 6,125 Cash 23,853 Intangible assets 44,527 Inventory 72,281...
Accounts payable $36,210 Accounts receivable 68,782 Accrued liabilities 6,125 Cash 23,853 Intangible assets 44,527 Inventory 72,281 Long-term investments 118,145 Long-term liabilities 77,377 Marketable securities 35,004 Notes payable (short-term) 28,185 Property, plant, and equipment 615,187 Prepaid expenses 2,760 Based on the above data, what is the amount of working capital? $132,160 $980,539 $612,427 $202,680
Privett Company Accounts payable $ 30,000 Accounts receivable 35,000 Accrued liabilities 7,000 Cash 25,000 Intangible assets...
Privett Company Accounts payable $ 30,000 Accounts receivable 35,000 Accrued liabilities 7,000 Cash 25,000 Intangible assets 40,000 Inventory 72.000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 20,000 Property, plant, and equipment 400,000 Prepaid expenses 2,000 Based on the data for Privett Company, what is the amount of quick assets? $168,000 $60,000 $96,000 $61,000
HUBBARD CORPORATION Balance Sheet At December 31, 2021 Assets Buildings Land Cash Accounts receivable (net) Inventory...
HUBBARD CORPORATION Balance Sheet At December 31, 2021 Assets Buildings Land Cash Accounts receivable (net) Inventory Machinery Patent (net) Investment in equity securities Total assets Liabilities and Shareholders Equity Accounts payable Accumulated depreciation Notes payable Appreciation of inventory Common stock (authorized and issued 120,000 shares of no par stock) Retained earnings Total liabilities and shareholders equity $ 770,000 310,000 80,000 160,000 280,000 300,000 120,000 100,000 $2,120,000 $ 235,000 275,000 540,000 100,000 480,000 490,000 $ 2, 120,000 Additional information: 1. The...
Presented below is a list of accounts in alphabetical order. Accounts Receivable Inventory-Ending Accumulated Depreciation-Buildings Land...
Presented below is a list of accounts in alphabetical
order.
Accounts Receivable
Inventory-Ending
Accumulated
Depreciation-Buildings
Land
Accumulated
Depreciation-Equipment
Land for Future Plant
Site
Accumulated Other
Comprehensive Income
Loss from Flood
Advances to Employees
Noncontrolling Interest
Advertising Expense
Notes Payable (due next
year)
Allowance for Doubtful
Accounts
Paid-in Capital in Excess of
Par-Preferred Stock
Bond Sinking Fund
Patents
Bonds Payable
Payroll Taxes Payable
Buildings
Pension Liability
Cash (in bank)
Petty Cash
Cash (on hand)
Preferred Stock
Cash Surrender Value of Life...
16 - 17 and 18 please... Accounts payable Accounts receivable Accrued liabilities Cash Intangible assets Inventory...
16 - 17 and 18 please...
Accounts payable Accounts receivable Accrued liabilities Cash Intangible assets Inventory Long-term investments Long-term liabilities Marketable securities Notes payable (short-term) Property, plant, and equipment Prepaid expenses $ 40,000 65,000 7,000 30,000 40,000 72,000 110,000 75,000 36,000 30,000 625,000 2,000 16. Based on the above data, what is the amount of quick assets? a. $205,000 b. $203,000 c. $131,000 d. $66,000 17. Based on the above data, what is the amount of working capital? a. $238.000...
Inventories Investment in real estate (long-term) 10.000 16,000 61.200 Prepare a classified Balance Sheet Accounts payable...
Inventories Investment in real estate (long-term) 10.000 16,000 61.200 Prepare a classified Balance Sheet Accounts payable 19.500 Accounts receivable Accumulated depreciation 1,500 Bonds payable 62,000 Building 95,800 16.800 Common stock 82,400 Interest payable 3,600 Mortgage payable Patents Prepaid insurance Retained earnings (ending) Short-term notes payable Supplies 4,500 40.000 20,500 7.000 Veronika's Flower Shop Balance Sheet December 31, 2020 Assets: Current Assets: Total Current Assets Long-term Investments WHATHIRT Property Plant and Equipment Less: Accumulated depreciation Property, plant, Equipment, net Intangible Assets:...
The CEO of Jisko requests our help in preparing year-end financial reports. The CEO explains that they are having difficulty classifying accounts. The Tableau dashboard shows December 31 year-end data from the company's accounting system. asset: land=$114,000;long-term investment in stocks=$36,000; notes receivable(due in 3 years)=$26,000;prepaid expenses=$10,800;supplies=$10,200;cash=$26,000; account receivable=$24,000;trucks=$46,000; accumlated depreciation=$12,000; intangible assets=$15,000;inventory=$55,000; liabilities&equity: accounts payable=$62,000;wages payable=$21,000; interest payable=$24,000; notes payable(due in 9 years)=$34,000;mortgage payable(due in 20 years)=$84,000;common stock=$69,000; retained earnings=$57,000 2. Prepare the current assets section of its December 31...
Tableau DA 3-4: Quick Study, Classifying balance sheet items LO C3 The CEO of Jisko requests our help in preparing year-end financial reports. The CEO explains that they are having difficulty classifying accounts. The Tableau dashboard shows December 31 year-end data from the company's accounting system. Assets Long-Term Investment in Stocks Notes Receivable (due in 3 years) Land Prepaid Expenses Accounts Receivable Cash Supplies Intangible Assets Inventory Trucks Liabilities & Equity Accounts Payable Wages Payable Interest Payable Notes Payable (due...
Classify each of the following accounts with their balance sheet classifications Accumulated Depreciation Equipment Short-term investments Merchandise Inventory Land L. Dawn, Capital 1. Current Assets Salaries Payable 2. Current Liabilties Prepaid Insurance 3. Long Term Investments Accounts receivable 4. Long Term Liabilties 5. Property Plant and Equipment Patents 6. Intangible Assets Accounts receivable 4. Long Term Liabilties 5. Property Plant and Equipment Patents 6. Intangible Assets Cash 7. Owner's Equity Notes Payable (due in 2 years) Accounts payable Equipment Supplies...
accounts payable 62000
wages payable 21000
interest payable 24000
notes payable 34000
mortgage payable 84000
common stock 69000
retained earnings 57000
land 114000
long term investment in stocks 36000
notes receivable (due in 3 yrs) 26000
accounts receivable 24000
cash 26000
prepaid expenses 10800
supplies 10200
intangible assets 15000
trucks 15k accumulated depreciation 12000
inventory 55000
1. Identify the company's current assets and their amounts. 2. Identify the company's current liabilities and their amounts. 3. Calculate the total amount reported...
Privett Company Accounts payable $ 30,000 Accounts receivable 35,000 Accrued liabilities 7,000 Cash 25,000 Intangible assets 40,000 Inventory 72.000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 20,000 Property, plant, and equipment 400,000 Prepaid expenses 2,000 Based on the data for Privett Company, what is the amount of quick assets? $168,000 $60,000 $96,000 $61,000
HUBBARD CORPORATION Balance Sheet At December 31, 2021 Assets Buildings Land Cash Accounts receivable (net) Inventory Machinery Patent (net) Investment in equity securities Total assets Liabilities and Shareholders Equity Accounts payable Accumulated depreciation Notes payable Appreciation of inventory Common stock (authorized and issued 120,000 shares of no par stock) Retained earnings Total liabilities and shareholders equity $ 770,000 310,000 80,000 160,000 280,000 300,000 120,000 100,000 $2,120,000 $ 235,000 275,000 540,000 100,000 480,000 490,000 $ 2, 120,000 Additional information: 1. The...
Presented below is a list of accounts in alphabetical
order.
Accounts Receivable
Inventory-Ending
Accumulated
Depreciation-Buildings
Land
Accumulated
Depreciation-Equipment
Land for Future Plant
Site
Accumulated Other
Comprehensive Income
Loss from Flood
Advances to Employees
Noncontrolling Interest
Advertising Expense
Notes Payable (due next
year)
Allowance for Doubtful
Accounts
Paid-in Capital in Excess of
Par-Preferred Stock
Bond Sinking Fund
Patents
Bonds Payable
Payroll Taxes Payable
Buildings
Pension Liability
Cash (in bank)
Petty Cash
Cash (on hand)
Preferred Stock
Cash Surrender Value of Life...
16 - 17 and 18 please...
Accounts payable Accounts receivable Accrued liabilities Cash Intangible assets Inventory Long-term investments Long-term liabilities Marketable securities Notes payable (short-term) Property, plant, and equipment Prepaid expenses $ 40,000 65,000 7,000 30,000 40,000 72,000 110,000 75,000 36,000 30,000 625,000 2,000 16. Based on the above data, what is the amount of quick assets? a. $205,000 b. $203,000 c. $131,000 d. $66,000 17. Based on the above data, what is the amount of working capital? a. $238.000...
Inventories Investment in real estate (long-term) 10.000 16,000 61.200 Prepare a classified Balance Sheet Accounts payable 19.500 Accounts receivable Accumulated depreciation 1,500 Bonds payable 62,000 Building 95,800 16.800 Common stock 82,400 Interest payable 3,600 Mortgage payable Patents Prepaid insurance Retained earnings (ending) Short-term notes payable Supplies 4,500 40.000 20,500 7.000 Veronika's Flower Shop Balance Sheet December 31, 2020 Assets: Current Assets: Total Current Assets Long-term Investments WHATHIRT Property Plant and Equipment Less: Accumulated depreciation Property, plant, Equipment, net Intangible Assets:...
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