Question

Question 10 of 10 -/1 E View Policies Current Attempt in Progress The following, listed in alphabetical order, are the adjusted accounts of Wildhorse Inc as of December 31, 2022: Accounts Payable $5,070, Accounts Receivable $2,210, Accumulated Depreciation-Equipment $7,800, Bonds Payable $40,300, Cash $1,690, Common Stock $26,000, Equipment $65,000, Notes Payable (current) $2,860, Inventory $4,810, Notes Payable (long term) $6,500, Land $33,800, Retained Earnings $19,500, and Supplies $520. Prepare a classified balance sheet in good form as of December 31, 2022 (List current assets in order of liquidity) WILDHORSE INC. Balance Sheet Assets $ 는 $ о BI

Answer 1

Balancesheet as of December 31, 2022

Wildhorse Inc. Balancesheet as of December 31, 2022 Assets Current Assets Cash 1690 Accounts Recevable 2210 Inventories 4810 Supplies 520 Total Fixed Assets Land 33800 Equipments 55000 less Accumulated Depreciation 7800 57200 Total 9230 91000 Total Assets 100230 7930 Liabilities and Stock Holders Equity Current Liabilities Accounts Payable 5070 Notes Payable(Current) 2860 Total Long Term Liabilities Notes Payable 6500 Bonds Payable 40300 Total Total Liabilities 46800 54730 Stock Holders Equity Common Stock Retained Earnings Total Stock Holders Equity 26000 19500 45500 Total 100230