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The following balance sheet for the Hubbard Corporation was prepared by the company: HUBBARD CORPORATION Balance...
The following balance sheet for the Hubbard Corporation was prepared by the company: HUBBARD...
The following balance sheet for the Hubbard Corporation was prepared by the company: HUBBARD CORPORATION Balance Sheet At December 31, 2016 Assets Buildings $ 760,000 Land 280,000 Cash 70,000 Accounts receivable (net) 140,000 Inventories 260,000 Machinery 290,000 Patent (net) 110,000 Investment in marketable equity securities 80,000 Total assets $ 1,990,000 Liabilities and Shareholders' Equity Accounts payable $ 225,000 Accumulated depreciation 265,000 Notes payable 520,000 Appreciation of inventories 90,000 Common stock, authorized and issued 110,000 shares of no par stock 440,000...
The following balance sheet for the Hubbard Corporation was prepared by the company HUBBARD CORPORATION Balance...
The following balance sheet for the Hubbard Corporation was prepared by the company HUBBARD CORPORATION Balance Sheet At December 31, 2021 Assets Buildings Land $ 754,00 262,000 64,000 120,000 248, 284,000 104,000 65,000 $1,912,000 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 104,000 shares of no par stock) Retained earnings Total liabilities and shareholders' equity 219.000 259,000...
The following balance sheet for the Hubbard Corporation was prepared by the company: HUBBARD CORPORATION Balance...
The following balance sheet for the Hubbard Corporation was prepared by the company: 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 109,000 shares of no par stock) Retained earnings Total liabilities and shareholders' equity $ 759,000 277,000 69,000 138,000 258,000 289,000 109,000 78,000 $1,977,000 $...
The following balance sheet for the Hubbard Corporation was prepared by the company: HUBBARD CORPORATION Balance...
The following balance sheet for the Hubbard Corporation was prepared by the company: 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 119,000 shares of no par stock) Retained earnings Total liabilities and shareholders' equity $ 769,000 307,000 79, eee 158, eee 278,000 299,000 119,000 98,000...
The folowing balance sheet for the Hubberd Corporation was prepared by the company Balance Sheet Assets...
The folowing balance sheet for the Hubberd Corporation was prepared by the company Balance Sheet Assets Buildings Land Cash Accounts receivable (net) Inventories Machinery Patent (net) Investment in narketable equity securities $ 762,800 286,600 72,808 144,808 264,808 292,800 112,80e 84,900 $2,016,808 Total assets Liabilities and Shareholders Equity Accounts payable Accumulated depreciation Notes payable Appreciation of inventories Common stock, authorized and issued s 227,808 267,800 524,000 92,880 448,000 458,000 112,008 shares of no par stock Retained earnings Total liabilities and shareholders...
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...
The following balance sheet for the Los Gatos Corporation was prepared by a recently hired accountant....
The following balance sheet for the Los Gatos Corporation was prepared by a recently hired accountant. In reviewing the statement you notice several errors. LOS GATOS CORPORATION Balance Sheet At December 31, 2021 Assets Cash Accounts receivable Inventory Machinery (net) Franchise (net) Total assets Liabilities and Shareholders' Equity Accounts payable Allowance for uncollectible accounts Notes payable Bonds payable Shareholders' equity Total liabilities and shareholders' equity 56,000 104,000 63,000 128,000 38.000 $ 389,000 $ 66,000 13,000 71,000 118,000 121.000 $ 389,000...
The following balance sheet for the Los Gatos Corporation was prepared by a recently hired accountant....
The following balance sheet for the Los Gatos Corporation was prepared by a recently hired accountant. In reviewing the statement you notice several errors. $ 5.25 Joints LOS GATOS CORPORATION Balance Sheet At December 31, 2021 Assets Cash Accounts receivable Inventory Machinery (net) Franchise (net) Total assets Liabilities and Shareholders' Equity Accounts payable Allowance for uncollectible accounts Notes payable Bonds payable Shareholders' equity Total liabilities and shareholders' equity 74,000 131,000 72,089 137,000 47,809 461,000 8 02:40:32 $ $ 84,000 22,000...
The following balance sheet for the LG Corporation was prepared by a recently hired accountant. In...
The following balance sheet for the LG Corporation was prepared by a recently hired accountant. In reviewing the statement, you notice several errors. LG CORPORATION Balance Sheet At December 31, 2021 Assets Cash $ 58,000 Accounts receivable 107,000 Inventory 64,000 Machinery (net) 129,000 Franchise (net) 39,000 Total assets $ 397,000 Liabilities and Shareholders’ Equity Accounts payable $ 68,000 Allowance for uncollectible accounts 14,000 Notes payable 73,000 Bonds payable 119,000 Shareholders’ equity 123,000 Total liabilities and shareholders’ equity $ 397,000 Additional...
The following are the ending balances of accounts at December 31, 2021, for the Valley Pump...
The following are the ending balances of accounts at December 31, 2021, for the Valley Pump Corporation. Credits $ Debits 43,000 92,000 117,000 $ 28,000 80,000 156,000 390,000 118,000 111,000 Account Title Cash Accounts receivable Inventory Interest payable Investment in equity securities Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Copyright (net) Prepaid expenses (next 12 months) Accounts payable Deferred revenue (next 12 months) Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals 43,000 30,000 50,000 83,000 38,000 340,000...
The following balance sheet for the Hubbard Corporation was prepared by the company HUBBARD CORPORATION Balance Sheet At December 31, 2021 Assets Buildings Land $ 754,00 262,000 64,000 120,000 248, 284,000 104,000 65,000 $1,912,000 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 104,000 shares of no par stock) Retained earnings Total liabilities and shareholders' equity 219.000 259,000...
The following balance sheet for the Hubbard Corporation was prepared by the company: 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 109,000 shares of no par stock) Retained earnings Total liabilities and shareholders' equity $ 759,000 277,000 69,000 138,000 258,000 289,000 109,000 78,000 $1,977,000 $...
The following balance sheet for the Hubbard Corporation was prepared by the company: 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 119,000 shares of no par stock) Retained earnings Total liabilities and shareholders' equity $ 769,000 307,000 79, eee 158, eee 278,000 299,000 119,000 98,000...
The folowing balance sheet for the Hubberd Corporation was prepared by the company Balance Sheet Assets Buildings Land Cash Accounts receivable (net) Inventories Machinery Patent (net) Investment in narketable equity securities $ 762,800 286,600 72,808 144,808 264,808 292,800 112,80e 84,900 $2,016,808 Total assets Liabilities and Shareholders Equity Accounts payable Accumulated depreciation Notes payable Appreciation of inventories Common stock, authorized and issued s 227,808 267,800 524,000 92,880 448,000 458,000 112,008 shares of no par stock Retained earnings Total liabilities and shareholders...
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...
The following balance sheet for the Los Gatos Corporation was prepared by a recently hired accountant. In reviewing the statement you notice several errors. LOS GATOS CORPORATION Balance Sheet At December 31, 2021 Assets Cash Accounts receivable Inventory Machinery (net) Franchise (net) Total assets Liabilities and Shareholders' Equity Accounts payable Allowance for uncollectible accounts Notes payable Bonds payable Shareholders' equity Total liabilities and shareholders' equity 56,000 104,000 63,000 128,000 38.000 $ 389,000 $ 66,000 13,000 71,000 118,000 121.000 $ 389,000...
The following balance sheet for the Los Gatos Corporation was prepared by a recently hired accountant. In reviewing the statement you notice several errors. $ 5.25 Joints LOS GATOS CORPORATION Balance Sheet At December 31, 2021 Assets Cash Accounts receivable Inventory Machinery (net) Franchise (net) Total assets Liabilities and Shareholders' Equity Accounts payable Allowance for uncollectible accounts Notes payable Bonds payable Shareholders' equity Total liabilities and shareholders' equity 74,000 131,000 72,089 137,000 47,809 461,000 8 02:40:32 $ $ 84,000 22,000...
The following are the ending balances of accounts at December 31, 2021, for the Valley Pump Corporation. Credits $ Debits 43,000 92,000 117,000 $ 28,000 80,000 156,000 390,000 118,000 111,000 Account Title Cash Accounts receivable Inventory Interest payable Investment in equity securities Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Copyright (net) Prepaid expenses (next 12 months) Accounts payable Deferred revenue (next 12 months) Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals 43,000 30,000 50,000 83,000 38,000 340,000...
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