i just need the answer for short term invetmeants
VOSBURGH ELECTRONICS CORPORATION | ||
Balance Sheet | ||
At December 31, 2021 | ||
Assets | ||
Current assets: | ||
Cash and cash equivalents [$69,000 + $51,000 treasury bills] | $ 120,000 | |
Short-term investments [184,000 - 51,000 treasury bills] | $ 133,000 | |
Accounts receivable | $ 125,000 | |
Allowance for uncollectible accounts | ($ 9,000) | |
Net accounts receivable | $ 116,000 | |
Inventory | $ 216,000 | |
Receivables from employees | $ 41,000 | |
Prepaid expenses | $ 17,000 | |
Notes receivable | $ 51,000 | |
Interest receivable | $ 13,000 | |
Total current assets | $ 707,000 | |
Investments: | ||
Long-term investments | $ 36,000 | |
Notes receivable [255,000-51,000] | $ 204,000 | |
Total investments | $ 240,000 | |
Property,plant and equipment: | ||
Land | $ 281,000 | |
Building | $ 1,560,000 | |
Accumulated depreciation-building | ($ 621,000) | |
Equipment | $ 638,000 | |
Accumulated depreciation-equipment | ($ 211,000) | |
Total property,plant and equipment | $ 1,647,000 | |
Intangible assets: | ||
Patent | $ 153,000 | |
Franchise | $ 41,000 | |
Total intangible assets | $ 194,000 | |
Total assets | $ 2,788,000 | |
Liabilities and stockholders' Equity | ||
Current liabilities: | ||
Accounts payable | $ 190,000 | |
Dividends payable | $ 11,000 | |
Interest payable | $ 17,000 | |
Income taxes payable | $ 41,000 | |
Deferred revenue [61,000 x 75%] | $ 45,750 | |
Total current liabilities | $ 304,750 | |
Long-term liabilities: | ||
Notes payable | $ 302,000 | |
Deferred revenue [61,000 x 25%] | $ 15,250 | |
Total long term liabilities | $ 317,250 | |
Total liabilities | $ 622,000 | |
Stockholder's equity: | ||
Common stock | $ 2,004,000 | |
Retained earnings | $ 162,000 | |
Total stockholders' equity | $ 2,166,000 | |
Total liabilities and stockholders' equity | $ 2,788,000 |
*Treasury bills are marketable securities so we consider it as a cash and cash equivalents.
i just need the answer for short term invetmeants The following is the ending balances of...
The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation Account Title Cash Short-term investments Accounts receivable Long-term investments Inventory Receivables from employees Prepaid expenses (for 2822) Land Building Equipment Patent (net) Franchise (net) Notes receivable Interest receivable Accumulated depreciation-building Accumulated depreciation equipment Accounts payable Dividends payable (payable on 1/16/2822) Interest payable Income Taxes payable Deferred revenue Notes payable Allowance for uncollectible accounts Connon stock Retained earnings Totals Debits Credits 69, eee 184,800...
I HAVE ALL THE ANSWERS I JUST NEED THE FREAKING SHORT TERM
INVETMEANTS BELOW CASH AND CASH EQUVIALNTS
The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation. Credits Account Title Cash Short-term investments Accounts receivable Long-term investments Inventory Receivables from employees Prepaid expenses (for 2922) Land Building Equipment Patent (net) Franchise (net) Notes receivable Interest receivable Accumulated depreciation-building Accumulated depreciation equipment Accounts payable Dividends payable (payable on 1/16/2022) Interest payable Income Taxes...
The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation. Credits Account Title Cash Short-term investments Accounts receivable Long-term investments Inventory Receivables from employees Prepaid expenses (for 2922) Land Building Equipment Patent (net) Franchise (net) Notes receivable Interest receivable Accumulated depreciation-building Accumulated depreciation equipment Accounts payable Dividends payable (payable on 1/16/2022) Interest payable Income Taxes payable Deferred revenue Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals Debits 69, eee 184,...
The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation. Credits Account Title Cash Short-term investments Accounts receivable Long-term investments Inventory Receivables from employees Prepaid expenses (for 2022) Land Building Equipment Patent (net) Franchise (net) Notes receivable Interest receivable Accumulated depreciation-building Accumulated depreciation-equipment Accounts payable Dividends payable (payable on 1/16/2022) Interest payable Income Taxes payable Deferred revenue Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals Debits 69,800 184, eee 125,...
The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation. Credits Account Title Cash Short-term investments Accounts receivable Long-term investments Inventory Receivables from employees Prepaid expenses (for 2022) Land Building Equipment Patent (net) Franchise (net) Notes receivable Interest receivable Accumulated depreciation-building Accumulated depreciation-equipment Accounts payable Dividends payable (payable on 1/16/2022) Interest payable Income Taxes payable Deferred revenue Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals Debits 69,800 184, eee 125,...
The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation. Credits Account Title Cash Short-term investments Accounts receivable Long-term investments Inventory Receivables from employees Prepaid expenses (for 2022) Land Building Equipment Patent (net) Franchise (net) Notes receivable Interest receivable Accumulated depreciation-building Accumulated depreciation-equipment Accounts payable Dividends payable (payable on 1/16/2022) Interest payable Income Taxes payable Deferred revenue Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals Debits 103,000 218,000 159,000 53,000...
The following is the ending balances of accounts at December 31,
2021, for the Vosburgh Electronics Corporation.
Account Title
Debits
Credits
Cash
83,000
Short-term investments
198,000
Accounts receivable
139,000
Long-term investments
43,000
Inventory
223,000
Receivables from employees
48,000
Prepaid expenses (for 2022)
24,000
Land
288,000
Building
1,630,000
Equipment
645,000
Patent (net)
160,000
Franchise (net)
48,000
Notes receivable
290,000
Interest receivable
20,000
Accumulated depreciation—building
628,000
Accumulated depreciation—equipment
218,000
Accounts payable
197,000
Dividends payable (payable on 1/16/2022)
18,000
Interest payable
24,000
Income...
The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation. Credits Account Title Cash Short-term investments Accounts receivable Long-term investments Inventory Receivables from employees Prepaid expenses (for 2022) Land Building Equipment Patent (net) Franchise (net) Notes receivable Interest receivable Accumulated depreciation-building Accumulated depreciation-equipment Accounts payable Dividends payable (payable on 1/16/2022) Interest payable Income Taxes payable Deferred revenue Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals Debits 71,000 186,000 127,000 37,000...
The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation. Credits Debits 75,000 190,000 131,000 39,000 219,000 44,000 20,000 284,000 1,590,000 641,000 156,000 44,000 270,000 16,000 Account Title Cash Short-term investments Accounts receivable Long-term investments Inventory Receivables from employees Prepaid expenses (for 2022) Land Building Equipment Patent (net) Franchise (net) Notes receivable Interest receivable Accumulated depreciation- building Accumulated depreciation- equipment Accounts payable Dividends payable (payable on 1/16/2022) Int est payable Income Taxes payable...
Please fill out balance
sheet
The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation. Credits Account Title Cash Short-term investments Accounts receivable Long-term investments Inventory Receivables from employees Prepaid expenses (for 2022) Land Building Equipment Patent (net) Franchise (net) Notes receivable Interest receivable Accumulated depreciation-building Accumulated depreciation-equipment Accounts payable Dividends payable (payable on 1/16/2022) Interest payable Income Taxes payable Deferred revenue Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals...