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2020 2019 Assets Cash $8,150 16,110 $3,050 9,470 Accounts receivable Inventory 11,550 6,190 14,590 Land Building...
Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets...
Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 15,150 8,260 13,400 11,500 171,500 (12, eee) $207,810 $ 8,720 3,400 4,200 21,180 114, 30e 56,010 $207,810 A OCA-FARM Required Compute each of the following: (Round your per share a. Current ratio b. Earnings per share o. Quick (acid-test) ratio d....
Cash $29200 Accounts receivable 10600 140000 Supplies Inventory Land Building Less: Accum. Depreciation Trademark Less: Accum....
Cash $29200 Accounts receivable 10600 140000 Supplies Inventory Land Building Less: Accum. Depreciation Trademark Less: Accum. Depreciation $179800 CRANE'S FURNITURE OUTLET LTD. Statement of Financial Position December 31, 2022 $7700 Accounts payable 20600 Salaries payable 1100 Mortgage payable 174000 Total liabilities 98000 Shareholders' equity Common shares 86200 Retained earnings Total shareholders' equity 29200 $416800 Total liabilities and shareholders' equity $107000 20800 $137000 100000 237000 $39300 10100 Total assets $416800 The dollar amount of share capital is O $416800. $237000. O...
Accounts Payable $55,000 Inventory $142,000 Accounts Receivable 61,000 Land 58,000 Building and Equipment 87,000 Mortgage Payable...
Accounts Payable $55,000 Inventory $142,000 Accounts Receivable 61,000 Land 58,000 Building and Equipment 87,000 Mortgage Payable (long term) 82,000 Cash 40,000 Office Supplies 2,000 Common Stock 125,000 Retained Earnings Salaries Payable 8,000 HALFORD WHOLESALERS Balance Sheet December 31 Liabilities & Stockholders' Equity Current Liabilities: Assets Current Assets Salaries payable Total Current Liabilities Inventory Total Current Assets 0 Long Term Liabilities: Noncurrent Assets Total Long-term Liabilities: Total Liabilities Building and Equipment Total Noncurrent Assets Stockholders' Equity HALFORD WHOLESALERS Balance Sheet December...
Assets Cash Accounts receivable Inventory Land Equipment Accumulated Depreciation-Equipment Total Liabilities and Stockholders' Equity Accounts payable...
Assets Cash Accounts receivable Inventory Land Equipment Accumulated Depreciation-Equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total December 31 2020 2019 $ 72,730 $ 22,000 84,480 68,750 182,480 191,750 73,480 112,750 262,480 202,750 (71,480) (44,750) $604,170 $553,250 $36,480 150,000 214,000 203,690 $604,170 $ 49,750 200,000 164,000 139,500 $553,250 Additional information: 1. Net income for 2020 was $129,960. No gains or losses were recorded in 2020. Cash dividends of $65,770 were declared and...
2018 2019 Assets Current assets Cash $ 5,298 $ 5,827 Accounts receivable 7,707 9.477 Inventory 12.150...
2018 2019 Assets Current assets Cash $ 5,298 $ 5,827 Accounts receivable 7,707 9.477 Inventory 12.150 22,956 2018 2019 Liabilities and Owners' Equity Current liabilities Accounts payable $ 3,754 $ 5.986 Notes payable 2,045 3,055 Other 152 179 Total $ 5,951 $ 9,220 Total $ 25,155 $38,260 $ 22,700 $ 19.000 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 43.000 $ 43,000 28,805 47189 Fixed assets Net plant and equipment $ 75,301 $ 80,149 Total...
KORVER SUPPLY COMPANY Balance Sheet At December 31, 2020 Assets Cash Accounts receivable Inventory Furniture and...
KORVER SUPPLY COMPANY Balance Sheet At December 31, 2020 Assets Cash Accounts receivable Inventory Furniture and fixtures Inet) Total assets Liabilities and shareholders' Equity Accounts payable for merchandise) Notes payable Interest payable Common stock Retained earnings Total liabilities and shareholders' equity $115,000 230.000 180,000 135,000 $660,000 ook $180,000 190,000 9,500 140.000 140,500 $660,000 Transactions during 2021 (current year) were as follows: 1. Sales to customers on account 2. Cash collected from customers 3. Purchase of merchandise on account 4. Cash...
Lendell Company Balance Sheets December 31 2020 2019 Cash $ 15,000 $29,000 Accounts receivable (net) 69,000...
Lendell Company Balance Sheets December 31 2020 2019 Cash $ 15,000 $29,000 Accounts receivable (net) 69,000 60,000 Inventory 61,000 51,000 Plant assets (net) 204,000 178,000 $349,000 $318,000 Accounts payable $50,000 $60,500 Mortgage payable (15%) 108,000 108,000 Common stock, $10 par 145,000 122,000 Retained earnings 46,000 27,500 $349,000 $318,000 Additional information for 2020: 1. Net income was $25,000. 2. Sales on account were $413,650. Sales returns and allowances amounted to $20,200. 3. Cost of goods sold was $196,000 4. Net cash...
CULLUMBER COMPANY Balance Sheets December 31 Assets Cash Debt investments (short-term) Accounts receivable Inventory Prepaid expenses Land Building and equipment (net) Total assets Liabilities...
CULLUMBER COMPANY Balance Sheets December 31 Assets Cash Debt investments (short-term) Accounts receivable Inventory Prepaid expenses Land Building and equipment (net) Total assets Liabilities and Stockholders' Equity Notes payable Accounts payable Accrued liabilities Bonds payable, due 2017 Common stock, $10 par Retained earnings 2017 2016 69,000 69,000 41,000 103,000 92,000 239,000 164,000 25,000 29,000 132,000 132,000 263,000 188,000 $884,000 $715,000 53,000 $170,000 $101,000 66,000 54,000 42,000 251,000 170,000 205,000 205,000 150,000 143,000 Total liabilities and stockholders' equity $884,000 $715,000 42,000...
Assets Cash CULLUMBER COMPANY Balance Sheet December 31, 2020 Liabilities $21,036 Accounts payable 11,219 Accounts receivable...
Assets Cash CULLUMBER COMPANY Balance Sheet December 31, 2020 Liabilities $21,036 Accounts payable 11,219 Accounts receivable 64,510 Owner's capital 18,231 Total liabilities and owner's equity $114,996 Supplies Equipment Owner's drawings Total assets $29,450 (9,116) 94,662 $114,996 Prepare a correct balance sheet. (List Assets in order of liquidity.) CULLUMBER COMPANY Balance Sheet Assets Liabilities and Owner's Equity
Oakley Company Comparative Balance Sheets December 31 Assets 2020 Cash $81,800 Accounts receivable 92,400 Inventory 126,800...
Oakley Company Comparative Balance Sheets December 31 Assets 2020 Cash $81,800 Accounts receivable 92,400 Inventory 126,800 Investments 85,700 Equipment 258,000 Accumulated depreciation-equipment (49,900) $594,800 2019 $47,700 57,700 101,100 86,000 208,000 (40,000 $460,500 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings $57,000 12,000 101,000 245.000 179,800 $594,800 $49.000 18,700 71,000 201,000 120,800 $460,500 Oakley Company Income Statement For the Year Ended December 31, 2020 Sales revenue Gain on disposal of plant assets $301,800 8,700...
Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 15,150 8,260 13,400 11,500 171,500 (12, eee) $207,810 $ 8,720 3,400 4,200 21,180 114, 30e 56,010 $207,810 A OCA-FARM Required Compute each of the following: (Round your per share a. Current ratio b. Earnings per share o. Quick (acid-test) ratio d....
Cash $29200 Accounts receivable 10600 140000 Supplies Inventory Land Building Less: Accum. Depreciation Trademark Less: Accum. Depreciation $179800 CRANE'S FURNITURE OUTLET LTD. Statement of Financial Position December 31, 2022 $7700 Accounts payable 20600 Salaries payable 1100 Mortgage payable 174000 Total liabilities 98000 Shareholders' equity Common shares 86200 Retained earnings Total shareholders' equity 29200 $416800 Total liabilities and shareholders' equity $107000 20800 $137000 100000 237000 $39300 10100 Total assets $416800 The dollar amount of share capital is O $416800. $237000. O...
Accounts Payable $55,000 Inventory $142,000 Accounts Receivable 61,000 Land 58,000 Building and Equipment 87,000 Mortgage Payable (long term) 82,000 Cash 40,000 Office Supplies 2,000 Common Stock 125,000 Retained Earnings Salaries Payable 8,000 HALFORD WHOLESALERS Balance Sheet December 31 Liabilities & Stockholders' Equity Current Liabilities: Assets Current Assets Salaries payable Total Current Liabilities Inventory Total Current Assets 0 Long Term Liabilities: Noncurrent Assets Total Long-term Liabilities: Total Liabilities Building and Equipment Total Noncurrent Assets Stockholders' Equity HALFORD WHOLESALERS Balance Sheet December...
Assets Cash Accounts receivable Inventory Land Equipment Accumulated Depreciation-Equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total December 31 2020 2019 $ 72,730 $ 22,000 84,480 68,750 182,480 191,750 73,480 112,750 262,480 202,750 (71,480) (44,750) $604,170 $553,250 $36,480 150,000 214,000 203,690 $604,170 $ 49,750 200,000 164,000 139,500 $553,250 Additional information: 1. Net income for 2020 was $129,960. No gains or losses were recorded in 2020. Cash dividends of $65,770 were declared and...
2018 2019 Assets Current assets Cash $ 5,298 $ 5,827 Accounts receivable 7,707 9.477 Inventory 12.150 22,956 2018 2019 Liabilities and Owners' Equity Current liabilities Accounts payable $ 3,754 $ 5.986 Notes payable 2,045 3,055 Other 152 179 Total $ 5,951 $ 9,220 Total $ 25,155 $38,260 $ 22,700 $ 19.000 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 43.000 $ 43,000 28,805 47189 Fixed assets Net plant and equipment $ 75,301 $ 80,149 Total...
KORVER SUPPLY COMPANY Balance Sheet At December 31, 2020 Assets Cash Accounts receivable Inventory Furniture and fixtures Inet) Total assets Liabilities and shareholders' Equity Accounts payable for merchandise) Notes payable Interest payable Common stock Retained earnings Total liabilities and shareholders' equity $115,000 230.000 180,000 135,000 $660,000 ook $180,000 190,000 9,500 140.000 140,500 $660,000 Transactions during 2021 (current year) were as follows: 1. Sales to customers on account 2. Cash collected from customers 3. Purchase of merchandise on account 4. Cash...
Lendell Company Balance Sheets December 31 2020 2019 Cash $ 15,000 $29,000 Accounts receivable (net) 69,000 60,000 Inventory 61,000 51,000 Plant assets (net) 204,000 178,000 $349,000 $318,000 Accounts payable $50,000 $60,500 Mortgage payable (15%) 108,000 108,000 Common stock, $10 par 145,000 122,000 Retained earnings 46,000 27,500 $349,000 $318,000 Additional information for 2020: 1. Net income was $25,000. 2. Sales on account were $413,650. Sales returns and allowances amounted to $20,200. 3. Cost of goods sold was $196,000 4. Net cash...
CULLUMBER COMPANY Balance Sheets December 31 Assets Cash Debt investments (short-term) Accounts receivable Inventory Prepaid expenses Land Building and equipment (net) Total assets Liabilities and Stockholders' Equity Notes payable Accounts payable Accrued liabilities Bonds payable, due 2017 Common stock, $10 par Retained earnings 2017 2016 69,000 69,000 41,000 103,000 92,000 239,000 164,000 25,000 29,000 132,000 132,000 263,000 188,000 $884,000 $715,000 53,000 $170,000 $101,000 66,000 54,000 42,000 251,000 170,000 205,000 205,000 150,000 143,000 Total liabilities and stockholders' equity $884,000 $715,000 42,000...
Assets Cash CULLUMBER COMPANY Balance Sheet December 31, 2020 Liabilities $21,036 Accounts payable 11,219 Accounts receivable 64,510 Owner's capital 18,231 Total liabilities and owner's equity $114,996 Supplies Equipment Owner's drawings Total assets $29,450 (9,116) 94,662 $114,996 Prepare a correct balance sheet. (List Assets in order of liquidity.) CULLUMBER COMPANY Balance Sheet Assets Liabilities and Owner's Equity
Oakley Company Comparative Balance Sheets December 31 Assets 2020 Cash $81,800 Accounts receivable 92,400 Inventory 126,800 Investments 85,700 Equipment 258,000 Accumulated depreciation-equipment (49,900) $594,800 2019 $47,700 57,700 101,100 86,000 208,000 (40,000 $460,500 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings $57,000 12,000 101,000 245.000 179,800 $594,800 $49.000 18,700 71,000 201,000 120,800 $460,500 Oakley Company Income Statement For the Year Ended December 31, 2020 Sales revenue Gain on disposal of plant assets $301,800 8,700...
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