Homework Answers
Plant assets to be reported on Balance sheet = $46000 - 12000 = $38000
It can be shown at gross amount as well if Balance sheet demands so i.e. $46000
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$0 $25,000 $50,000 # +ableau 1. Identify the company's current assets and their amounts. 2. Identify...
Tableau DA 3-4: Quick Study, Classifying balance sheet items LO C3 The CEO of Jisko requests...
Tableau DA 3-4: Quick Study, Classifying balance sheet items LO C3 The CEO of Jisko requests our help in preparing year-end financial reports. The CEO explains that they are having difficulty classifying accounts. The Tableau dashboard shows December 31 year-end data from the company's accounting system. Assets Long-Term Investment in Stocks Notes Receivable (due in 3 years) Land Prepaid Expenses Accounts Receivable Cash Supplies Intangible Assets Inventory Trucks Liabilities & Equity Accounts Payable Wages Payable Interest Payable Notes Payable (due...
accounts payable 62000 wages payable 21000 interest payable 24000 notes payable 34000 mortgage payable 84000 common...
accounts payable 62000
wages payable 21000
interest payable 24000
notes payable 34000
mortgage payable 84000
common stock 69000
retained earnings 57000
land 114000
long term investment in stocks 36000
notes receivable (due in 3 yrs) 26000
accounts receivable 24000
cash 26000
prepaid expenses 10800
supplies 10200
intangible assets 15000
trucks 15k accumulated depreciation 12000
inventory 55000
1. Identify the company's current assets and their amounts. 2. Identify the company's current liabilities and their amounts. 3. Calculate the total amount reported...
1. Determine the missing amounts. 2. Prepare Trident's classified balance sheet. Complete this question by entering...
1. Determine the missing amounts. 2. Prepare Trident's classified balance sheet. Complete this question by entering your answers in the tabs bel Required 1 Required 2 Determine the missing amounts. (Enter the answers in thousands of dolla ($ in 000s) $ 239,186 353,700 504,944 Cash and cash equivalents Short-term investments Accounts receivable Inventory Prepaid expenses (current) Total current assets Long-term receivables Equipment (net) 83,259 1,594,927 110,800 Total assets 31,116 Notes payable (current) Accounts payable Accrued liabilities Other current liabilities Total...
Problem 3-2 (Algo) Balance sheet preparation; missing elements (LO3-2, 3-3) The data listed below are taken...
Problem 3-2 (Algo) Balance sheet preparation; missing elements (LO3-2, 3-3) The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2021. Required: 1. Determine the missing amounts. 2. Prepare Trident's classified balance sheet. Complete this question by entering your answers in the tabs below. ences Required 1 Required 2 Determine the missing amounts. (Enter the answers in thousands of dollars.) (5 in 000s) S 240 286 355,700 506.944 Cash and cash equivalents Short-term investments...
Required: 1. Determine the missing amounts. 2. Prepare Trident's classified balance sheet. Complete this question by...
Required: 1. Determine the missing amounts. 2. Prepare Trident's classified balance sheet. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the missing amounts. (Enter the answers in thousands of dollars.) Cash and cash equivalents Short-term investments ($ in 000s) | $ 240,286 355,700 506,944 85,259 1,614,927 112,800 Accounts receivable Inventory Prepaid expenses (current) Total current assets Long-term receivables Equipment (net) Total assets Notes payable (current) Accounts payable Accrued liabilities Other current liabilities...
Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of...
Use
the above adjusted trial balance to prepare Wilson Trucking
Company's classified balance sheet as of December 31
Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31. Answer is not complete. WILSON TRUCKING COMPANY Balance Sheet December 31 Assets 9.600 Current assets Cash Accounts receivable Office supplies 20,500 7,040 37.140 $ 171,000 35,226 135,774 Total current assets Plant assets Trucks Accumulated depreciation-Trucks Land Total plant assets Total assets Liabilities 135,774 172,914...
The data listed below are taken from a balance sheet of Trident Corporation at December 31,...
The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2021. Required: 1. Determine the missing amounts. 2. Prepare Trident's classified balance sheet. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the missing amounts. (Enter the answers in thousands of dollars.) ($ in 000s) $ 252,286 367,700 518,944 97,259 1,734,927 124,800 Cash and cash equivalents Short-term investments Accounts receivable Inventory Prepaid expenses (current) Total current assets...
The data listed below are taken from a balance sheet of Trident Corporation at December 31,...
The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2021. Required: 1. Determine the missing amounts. 2 Prepare Trident's classified balance sheet. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the missing amounts. (Enter the answers in thousands of dollars.) ($ in 000) 251,286 388,700 517,944 98,259 1,724.927 123.800 Cash and cash equivalents Short-term investments Accounts receivable Inventory Prepaid expenses (current) Total current assets Long-term...
Problem 3-2 (Algo) Balance sheet preparation; missing elements [LO3-2, 3-3] The data listed below are taken...
Problem 3-2 (Algo) Balance sheet preparation; missing elements [LO3-2, 3-3] The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2021. Required: 1. Determine the missing amounts. 2. Prepare Trident's classified balance sheet. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the missing amounts. (Enter the answers in thousands of dollars.) ($ in 000s) $ 240,286 355,700 506,944 Cash and cash equivalents Short-term investments Accounts receivable...
ts balance sheet amounts at the end of Years 1 and 2 are as follows: Joyner...
ts balance sheet amounts at the end of Years 1 and 2 are as follows: Joyner Company's income statement for Year 2 follows: Year 2 Year 1 $ 713,000 227,000 486,000 218,000 268,000 $ 121,200 262,000 320,800 10,500 713,780 633,000 165,300 467,700 46.000 $1,227,400 $ 85,600 115,000 270,000 21,000 491,600 510,000 130,500 379.509 Sales Cost of goods sold Gross margin Selling and administrative expen Net operating income Nonoperating items: Gain on sale of equipment Income before taxes Income taxes Net...
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...
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...
1. Determine the missing amounts. 2. Prepare Trident's classified balance sheet. Complete this question by entering your answers in the tabs bel Required 1 Required 2 Determine the missing amounts. (Enter the answers in thousands of dolla ($ in 000s) $ 239,186 353,700 504,944 Cash and cash equivalents Short-term investments Accounts receivable Inventory Prepaid expenses (current) Total current assets Long-term receivables Equipment (net) 83,259 1,594,927 110,800 Total assets 31,116 Notes payable (current) Accounts payable Accrued liabilities Other current liabilities Total...
Problem 3-2 (Algo) Balance sheet preparation; missing elements (LO3-2, 3-3) The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2021. Required: 1. Determine the missing amounts. 2. Prepare Trident's classified balance sheet. Complete this question by entering your answers in the tabs below. ences Required 1 Required 2 Determine the missing amounts. (Enter the answers in thousands of dollars.) (5 in 000s) S 240 286 355,700 506.944 Cash and cash equivalents Short-term investments...
Required: 1. Determine the missing amounts. 2. Prepare Trident's classified balance sheet. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the missing amounts. (Enter the answers in thousands of dollars.) Cash and cash equivalents Short-term investments ($ in 000s) | $ 240,286 355,700 506,944 85,259 1,614,927 112,800 Accounts receivable Inventory Prepaid expenses (current) Total current assets Long-term receivables Equipment (net) Total assets Notes payable (current) Accounts payable Accrued liabilities Other current liabilities...
Use
the above adjusted trial balance to prepare Wilson Trucking
Company's classified balance sheet as of December 31
Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31. Answer is not complete. WILSON TRUCKING COMPANY Balance Sheet December 31 Assets 9.600 Current assets Cash Accounts receivable Office supplies 20,500 7,040 37.140 $ 171,000 35,226 135,774 Total current assets Plant assets Trucks Accumulated depreciation-Trucks Land Total plant assets Total assets Liabilities 135,774 172,914...
The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2021. Required: 1. Determine the missing amounts. 2. Prepare Trident's classified balance sheet. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the missing amounts. (Enter the answers in thousands of dollars.) ($ in 000s) $ 252,286 367,700 518,944 97,259 1,734,927 124,800 Cash and cash equivalents Short-term investments Accounts receivable Inventory Prepaid expenses (current) Total current assets...
The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2021. Required: 1. Determine the missing amounts. 2 Prepare Trident's classified balance sheet. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the missing amounts. (Enter the answers in thousands of dollars.) ($ in 000) 251,286 388,700 517,944 98,259 1,724.927 123.800 Cash and cash equivalents Short-term investments Accounts receivable Inventory Prepaid expenses (current) Total current assets Long-term...
Problem 3-2 (Algo) Balance sheet preparation; missing elements [LO3-2, 3-3] The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2021. Required: 1. Determine the missing amounts. 2. Prepare Trident's classified balance sheet. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the missing amounts. (Enter the answers in thousands of dollars.) ($ in 000s) $ 240,286 355,700 506,944 Cash and cash equivalents Short-term investments Accounts receivable...
ts balance sheet amounts at the end of Years 1 and 2 are as follows: Joyner Company's income statement for Year 2 follows: Year 2 Year 1 $ 713,000 227,000 486,000 218,000 268,000 $ 121,200 262,000 320,800 10,500 713,780 633,000 165,300 467,700 46.000 $1,227,400 $ 85,600 115,000 270,000 21,000 491,600 510,000 130,500 379.509 Sales Cost of goods sold Gross margin Selling and administrative expen Net operating income Nonoperating items: Gain on sale of equipment Income before taxes Income taxes Net...
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