Homework Answers
Solution:
| CARLA VISTA CO. | ||
| Balancesheet (partial) | ||
| December 31, 2022 | ||
| Assets | ||
| Current assets | ||
| Accounts receivable | 21,000 | |
| cash | 9,000 | |
| Supplies | 5,400 | |
| Inventory | 65,000 | |
| Total current assets | 1,00,400 | |
| Intangible assets | ||
| Goodwill | 4,500 | |
| Fixed assets | ||
| Equipment | 1,84,000 | |
| Less: Accumulated Depreciation | 48,900 | 1,35,100 |
| stock investments (long term) | 1,800 | |
| Total assets | 241,800 |
Total assets = 241,800
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me: 09:00 PM / Remaining: 598 min. Do It! Review 2-01a Carla Vista Co. has collected...
me: 09:00 PM / Remaining: 605 min. Do It! Review 2-01a Carla Vista Co. has collected...
me: 09:00 PM / Remaining: 605 min. Do It! Review 2-01a Carla Vista Co. has collected the following information related to its December 31, 2022, balance sheet. Accounts receivable Accumulated depreciation-equipment Cash Stock investments (long-term) $21,000 48,900 9,000 1,800 Equipment $184,000 Inventory 65,000 Supplies 5,400 Goodwill 4,500 Prepare the assets section of Carla Vista Co.'s balance sheet. (List Current Assets in order of liquidity.) CARLA VISTA CO. Balance Sheet (partial) Assets
PHANIE VEHS BACK NEXT Wayne Holtz is the bookkeeper for Carla Vista Co.. Wayne has been...
PHANIE VEHS BACK NEXT Wayne Holtz is the bookkeeper for Carla Vista Co.. Wayne has been trying to get the balance sheet of Carla Vista Co, to balance. It finally balanced, but now he's not sure it is correct. Assets Cash Supplies Equipment Dividends Carla Vista Co. Balance Sheet December 31, 2022 Liabilities and Stockholders' Equity $15,700 Accounts payable $15,000 9,400 Accounts receivable (12,400) 37,500 Common stock 46,000 6,000 Retained earnings 20,000 $68,600 Total liabilities and stockholders $68,600 equity Total...
Carla Vista Co.’s balance sheet at December 31, 2021, is presented below. Carla Vista Co. Balance...
Carla Vista Co.’s balance sheet at December 31, 2021, is presented below. Carla Vista Co. Balance Sheet December 31, 2021 Cash $14,080 Accounts payable $8,620 Accounts receivable 21,100 Common stock 19,000 Allowance for doubtful accounts (850) Retained earnings 16,510 Inventory 9,800 $44,130 $44,130 During January 2022, the following transactions occurred. Carla Vista uses the perpetual inventory method. Jan. 1 Carla Vista accepted a 4-month, 8% note from Betheny Company in payment of Betheny’s $3,600 account. 3 Carla Vista wrote off...
please help The following items are taken from the financial statements of Carla Vista Co. at...
please help
The following items are taken from the financial statements of Carla Vista Co. at December 31, 2022 Land Accounts receivable Supplies Cash Equipment Buildings Land improvements Notes receivable (due in 2023) Accumulated depreciation-land improvements Common stock Retained earnings (December 31, 2022) Accumulated depreciation--buildings Accounts payable Mortgage payable Accumulated depreciation equipment Interest payable Income taxes payable Patents $195,000 21.800 10,200 11,950 82,800 263,200 45,850 5,500 12.200 77.500 509,000 33.800 9.100 81,300 18.900 3.400 15.600 46.800 Patents Investments in stock...
View Policies Current Attempt in Progress These financial statement items are for Carla Vista Co. at...
View Policies Current Attempt in Progress These financial statement items are for Carla Vista Co. at year-end, July 31, 2022 Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2025) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) $3,800 59,200 16,900 17,860 3,600 67,800 9,800 3,000 16,000 34,140 11,000 7,400 4,000 4,000 35,700 Prepare an income statement for the year....
Assignment Gradebook ORION Downloadable eTextbook ent Do It! Review 2-01a Sunland Company has collected the following...
Assignment Gradebook ORION Downloadable eTextbook ent Do It! Review 2-01a Sunland Company has collected the following information related to its December 31, 2022, balance sheet. Accounts receivable $20,500 Equipment $181,500 Accumulated depreciation-equipment 53,100 Inventory 64,000 Cash 20,000 Supplies 5,300 Stock investments (long-term) 2,000 Goodwill 4,400 Prepare the assets section of Sunland Company's balance sheet. (List Current Assets in order of liquidity SUNLAND COMPANY Balance Sheet (partial) Assets V $ Dalis 2000-2020 John Wilson All Rights Reserved. A Division of the...
Carla Vista Co.'s trial balance reflected the following account balances at December 31, 2017: Accounts receivable...
Carla Vista Co.'s trial balance reflected the following account balances at December 31, 2017: Accounts receivable (net) $36000 Trading securities 11500 Accumulated depreciation on equipment and furniture 31500 Cash 30500 Inventory 61000 Equipment 51000 Patent 7300 Prepaid expenses 3800 Land held for future business site 35500 In Carla Vista’s December 31, 2017 balance sheet, the current assets total is
Question 7 View Policies Current Attempt in Progress The adjusted trial balance for Carla Vista Co....
Question 7 View Policies Current Attempt in Progress The adjusted trial balance for Carla Vista Co. is given below: CARLA VISTA CO. Trial Balance August 31, 2022 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $10,460 $10,460 Accounts Receivable 9,120 9.630 Supplies 1.960 2,990 4.200 Prepaid Insurance 2.750 Equipment 15,800 15,800 Accumulated Depreciation Equipment $4.755 $3.555 5.420 Accounts Payable 5.420 Salaries and Wages Payable 0 1,390 Unearned Rent Revenue 2.140 1.380 Common Stock 17,500 17.500 Retained Earnings 5,380 5,380...
Carla Vista Co.'s balance sheet at December 31, 2021, is presented below.
Carla Vista Co.'s balance sheet at December 31, 2021, is presented below. During January 2022, the following transactions occurred. Carla Vista uses the perpetual inventory method.Jan. 1 Carla Vista accepted a 4-month, 8% note from Betheny Company in payment of Betheny's $3,600 account. 3 Carla Vista wrote off as uncollectible the accounts of Walter Corporation ($400) and Drake Company ($300). 8 Carla Vista purchased $15,770 of inventory on account. 11 Carla Vista sold for $26,900 on account inventory that cost $16,660. 15 Carla Vista sold...
The following items are taken from the financial statements of Carla Vista Co. at December 31,...
The following items are taken from the financial statements of Carla Vista Co. at December 31, 2022. Land $195,000 Accounts receivable 22,100 Supplies 9,200 Cash 11,950 Equipment 82,800 Buildings 264,000 Land improvements 46,400 Notes receivable (due in 2023) 6,500 Accumulated depreciation—land improvements 12,000 Common stock 76,000 Retained earnings (December 31, 2022) 493,000 Accumulated depreciation—buildings 33,100 Accounts payable 10,400 Mortgage payable 101,550 Accumulated depreciation—equipment 19,000 Interest payable 3,000 Income taxes payable 14,500 Patents 47,800 Investments in stock (long-term) 71,600 Debt investments...
me: 09:00 PM / Remaining: 605 min. Do It! Review 2-01a Carla Vista Co. has collected the following information related to its December 31, 2022, balance sheet. Accounts receivable Accumulated depreciation-equipment Cash Stock investments (long-term) $21,000 48,900 9,000 1,800 Equipment $184,000 Inventory 65,000 Supplies 5,400 Goodwill 4,500 Prepare the assets section of Carla Vista Co.'s balance sheet. (List Current Assets in order of liquidity.) CARLA VISTA CO. Balance Sheet (partial) Assets
PHANIE VEHS BACK NEXT Wayne Holtz is the bookkeeper for Carla Vista Co.. Wayne has been trying to get the balance sheet of Carla Vista Co, to balance. It finally balanced, but now he's not sure it is correct. Assets Cash Supplies Equipment Dividends Carla Vista Co. Balance Sheet December 31, 2022 Liabilities and Stockholders' Equity $15,700 Accounts payable $15,000 9,400 Accounts receivable (12,400) 37,500 Common stock 46,000 6,000 Retained earnings 20,000 $68,600 Total liabilities and stockholders $68,600 equity Total...
please help
The following items are taken from the financial statements of Carla Vista Co. at December 31, 2022 Land Accounts receivable Supplies Cash Equipment Buildings Land improvements Notes receivable (due in 2023) Accumulated depreciation-land improvements Common stock Retained earnings (December 31, 2022) Accumulated depreciation--buildings Accounts payable Mortgage payable Accumulated depreciation equipment Interest payable Income taxes payable Patents $195,000 21.800 10,200 11,950 82,800 263,200 45,850 5,500 12.200 77.500 509,000 33.800 9.100 81,300 18.900 3.400 15.600 46.800 Patents Investments in stock...
View Policies Current Attempt in Progress These financial statement items are for Carla Vista Co. at year-end, July 31, 2022 Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2025) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) $3,800 59,200 16,900 17,860 3,600 67,800 9,800 3,000 16,000 34,140 11,000 7,400 4,000 4,000 35,700 Prepare an income statement for the year....
Assignment Gradebook ORION Downloadable eTextbook ent Do It! Review 2-01a Sunland Company has collected the following information related to its December 31, 2022, balance sheet. Accounts receivable $20,500 Equipment $181,500 Accumulated depreciation-equipment 53,100 Inventory 64,000 Cash 20,000 Supplies 5,300 Stock investments (long-term) 2,000 Goodwill 4,400 Prepare the assets section of Sunland Company's balance sheet. (List Current Assets in order of liquidity SUNLAND COMPANY Balance Sheet (partial) Assets V $ Dalis 2000-2020 John Wilson All Rights Reserved. A Division of the...
Question 7 View Policies Current Attempt in Progress The adjusted trial balance for Carla Vista Co. is given below: CARLA VISTA CO. Trial Balance August 31, 2022 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $10,460 $10,460 Accounts Receivable 9,120 9.630 Supplies 1.960 2,990 4.200 Prepaid Insurance 2.750 Equipment 15,800 15,800 Accumulated Depreciation Equipment $4.755 $3.555 5.420 Accounts Payable 5.420 Salaries and Wages Payable 0 1,390 Unearned Rent Revenue 2.140 1.380 Common Stock 17,500 17.500 Retained Earnings 5,380 5,380...
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