Homework Answers
| c. $173,000 | |
| Accounts receivable (net) | $82,000 |
| Trading Securities | $14,000 |
| Cash | $20,000 |
| Inventory | $54,000 |
| Prepaid expenses | $3,000 |
| The current assets total | $173,000 |
Add Answer to:
Ashley Corp.'s trial balance included the following account balances at December 31, 2021: Accounts receivable (net)....
Stine Corp.'s trial balance reflected the following account balances at December 31, 2020: Accounts receivable (net)...
Stine Corp.'s trial balance reflected the following account balances at December 31, 2020: Accounts receivable (net) Short-term trading securities Accumulated depreciation on equipment and furniture Cash Inventory Equipment Patent Prepaid expenses Land held for future business site $38,000 12,000 30,000 32,000 60,000 50,000 8,000 4,000 36,000 In Stine's December 31, 2020 balance sheet, the current assets total is O $146,000. $154,000. $180,000. $164,000.
Carla Vista Co.'s trial balance reflected the following account balances at December 31, 2017: Accounts receivable...
Carla Vista Co.'s trial balance reflected the following account balances at December 31, 2017: Accounts receivable (net) $36000 Trading securities 11500 Accumulated depreciation on equipment and furniture 31500 Cash 30500 Inventory 61000 Equipment 51000 Patent 7300 Prepaid expenses 3800 Land held for future business site 35500 In Carla Vista’s December 31, 2017 balance sheet, the current assets total is
Janson Corporation Co.'s trial balance included the following account balances at December 31, 2021: Accounts receivable...
Janson Corporation Co.'s trial balance included the following account balances at December 31, 2021: Accounts receivable $13,200 Inventory 40,000 Patent 13,700 Investments 31,900 Prepaid insurance 6,100 Notes receivable, due 2024 51,400 Investments consist of treasury bills that were purchased in November, 2021, and mature in January, 2022. Prepaid insurance is for two years. What amount should be included in the current assets section of Janson’s December 31, 2021, balance sheet? Multiple Choice $91,200. $139,550. $56,250. $88,150. Accrued liabilities: Multiple Choice...
The following are the ending balances of accounts at December 31, 2021, for the Valley Pump Corporation.
The following are the ending balances of accounts at December 31, 2021, for the Valley Pump Corporation. Account TitleDebitsCreditsCash$29,000Accounts receivable64,000Inventory89,000Interest payable$14,000Investment in equity securities52,000Land128,000Buildings320,000Accumulated depreciation—buildings104,000Equipment83,000Accumulated depreciation—equipment29,000Copyright (net)16,000Prepaid expenses (next 12 months)36,000Accounts payable69,000Deferred revenue (next 12 months)24,000Notes payable270,000Allowance for uncollectible accounts9,000Common stock240,000Retained earnings58,000Totals$817,000$817,000Additional Information:The $128,000 balance in the land account consists of $104,000 for the cost of land where the plant and office buildings are located. The remaining $24,000 represents the cost of land being held for speculation.The $52,000 balance in the investment in equity securities...
Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018: Accounts receivable...
Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018: Accounts receivable $12,700 Inventories 42,000 Patent 12,500 Investments 30,700 Prepaid insurance 6,700 Note receivable, due 2021 51,800 Investments consist of treasury bills that were purchased in November, 2018 and mature in January, 2019. Prepaid insurance is for two years. What amount should be included in the current asset section of Janson’s December 31, 2018, balance sheet? Multiple Choice $ 140,550. $ 92,100. $ 88,750. $ 58,050.
The following is a December 31, 2021, post-closing trial balance for Almway Corporation.
The following is a December 31, 2021, post-closing trial balance for Almway Corporation. Account TitleDebitsCreditsCash$53,000Investment in equity securities118,000Accounts receivable64,000Inventory204,000Prepaid insurance (for the next 9 months)8,000Land98,000Buildings424,000Accumulated depreciation—buildings$104,000Equipment114,000Accumulated depreciation—equipment64,000Patent (net)14,000Accounts payable83,000Notes payable142,000Interest payable24,000Bonds Payable244,000Common stock312,000Retained earnings124,000Totals$1,097,000$1,097,000Additional information:The investment in equity securities account includes an investment in common stock of another corporation of $34,000 which management intends to hold for at least three years. The balance of these investments is intended to be sold in the coming year.The land account includes land which cost $29,000...
The following is a December 31, 2021, post-closing trial balance for the Jackson Corporation. Credits Debits...
The following is a December 31, 2021, post-closing trial balance for the Jackson Corporation. Credits Debits $ 44,000 38,000 79,000 20,000 14,000 165,000 $ 15,000 Account Title Cash Accounts receivable Inventory Prepaid rent (for the next 8 months) Investment in equity securities (short term) Machinery Accumulated depreciation Patent (net) Accounts payable Salaries payable Income taxes payable Bonds payable (due in 10 years) Common stock Retained earnings Totals 83,000 10,000 6,000 36,000 180,000 140,000 56,000 $443,000 3,000 Required: Prepare a classified...
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. Account Title Debits Credits Cash $ 38,000 Accounts receivable 82,000 Inventory 107,000 Interest payable $ 23,000 Investment in equity securities 70,000 Land 146,000 Buildings 365,000 Accumulated depreciation—buildings 113,000 Equipment 101,000 Accumulated depreciation—equipment 38,000 Copyright (net) 25,000 Prepaid expenses (next 12 months) 45,000 Accounts payable 78,000 Deferred revenue (next 12 months) 33,000 Notes payable 315,000 Allowance for uncollectible accounts 8,000 Common stock 330,000 Retained...
The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics...
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...
ving uing balances of accounts at December 31, 2021, for $ Account Title Cash Accounts receivable...
ving uing balances of accounts at December 31, 2021, for $ 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 Debits Credits $ 40,000 86,000 111,000 25,000 74,000 150,000 375,000 115,000 105,000 40,000 27,000 47,000 80,000 35,000 325,000 5,000 350,000 40,000 $1,015,000 $1,215,000 Additional Information:...
Stine Corp.'s trial balance reflected the following account balances at December 31, 2020: Accounts receivable (net) Short-term trading securities Accumulated depreciation on equipment and furniture Cash Inventory Equipment Patent Prepaid expenses Land held for future business site $38,000 12,000 30,000 32,000 60,000 50,000 8,000 4,000 36,000 In Stine's December 31, 2020 balance sheet, the current assets total is O $146,000. $154,000. $180,000. $164,000.
The following is a December 31, 2021, post-closing trial balance for the Jackson Corporation. Credits Debits $ 44,000 38,000 79,000 20,000 14,000 165,000 $ 15,000 Account Title Cash Accounts receivable Inventory Prepaid rent (for the next 8 months) Investment in equity securities (short term) Machinery Accumulated depreciation Patent (net) Accounts payable Salaries payable Income taxes payable Bonds payable (due in 10 years) Common stock Retained earnings Totals 83,000 10,000 6,000 36,000 180,000 140,000 56,000 $443,000 3,000 Required: Prepare a classified...
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...
ving uing balances of accounts at December 31, 2021, for $ 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 Debits Credits $ 40,000 86,000 111,000 25,000 74,000 150,000 375,000 115,000 105,000 40,000 27,000 47,000 80,000 35,000 325,000 5,000 350,000 40,000 $1,015,000 $1,215,000 Additional Information:...
Most questions answered within 3 hours.
-
26) Briefly describe, using words or simple diagrams, the
chemiosmotic theory for coupling oxidation to phosphorylation...
asked 54 minutes ago -
Suppose that XX is a random variable with mean 16 and standard
deviation 5 . Also...
asked 1 hour ago -
Calculate the number density of argon gas at a temperature of
24C and a pressure of...
asked 4 hours ago -
Alternative
Classification
How to Estimate
Probabilities from Data? ( For continuous Attributes)
And How to generate...
asked 4 hours ago -
An explosion breaks a 20.0-kg object into three parts. The
object is initially moving at a...
asked 5 hours ago -
Calculate the approximate number of residues of Rubisco, which
is involved in carbon fixation in plants,...
asked 6 hours ago -
Other decisions about scientific claims can have a much broader
impact.ENERGYarrow-10x10.png, environment, health, security - all...
asked 7 hours ago -
I need to write a research paper and work cited about this
topic: The United States...
asked 8 hours ago -
Hello! I was wondering if I could have some help?
If the vapor pressure of carvone...
asked 8 hours ago -
An economist wants to estimate the mean per capita income (in
thousands of dollars) for a...
asked 8 hours ago -
What would be the input/output characteristic of a circuit
obtained by putting two of your 2's-complementers...
asked 8 hours ago -
In Drosophila, the transition from the syncytial blastoderm
stage to the cellular blastoderm stage is a...
asked 9 hours ago