How do I complete this balance sheet?
Cash 10,000
Accounts Payable 15,000
Prepaid Expense 1,000
Building...
How do I complete this balance sheet?
Cash 10,000
Accounts Payable 15,000
Prepaid Expense 1,000
Building 150,000
Land 100,000
Mortgage Payable 50,000
Treasury Stock 50,000
Accounts Receivable 15,000
Equipment 50,000
Accumulated Depreciation 75,000
Allowance for Doubtful Accounts 1,000
Current Maturity of Mortgage Payable 25,000
Common Stock 200,000
Retained Earnings 17,000
Inventory 7,000
Make a Post-Closing Trial Balance
Accounts Payable- 88,851
Accounts Receivable- 442,120
Accumulated Depreciation- Building- 1,265
Accumulated...
Make a Post-Closing Trial Balance
Accounts Payable- 88,851
Accounts Receivable- 442,120
Accumulated Depreciation- Building- 1,265
Accumulated Depreciation- Equipment- 9,900
Allowance for Doubtful Accounts- 75,000
Allowance to Reduce Inventory to NRV- 16,000
Bonds Payable- 700,000
Building- 75,000
Cash- 834,544
Common Stock- 135,000
Cost of Goods Sold- 107,000
Equipment- 21,600
Income Taxes Payable- 37,221
Interest Payable- 35,000
Inventory- 70,000
Land- 88,000
Loss on Inventory- 16,000
Paid in Capital- Treasury Stock- 6,000
Patent- 45,000
PIC in Excess of Par- Common Stock- 130,000
Premium...
The following data pertain to Branner Company: Accounts Payable,
$10,200; Accounts Receivable, $7,600; Accumulated
Depreciation-Building, $2,800;...
The following data pertain to Branner Company: Accounts Payable,
$10,200; Accounts Receivable, $7,600; Accumulated
Depreciation-Building, $2,800; Accumulated Depreciation-Equipment,
$3,400; Bonds Payable, $12,000; Building, $14,000; Cash, $6,240;
Copyright, $1,240; Equipment, $30,400; Inventory, $8,000;
Investment in Corporate Securities (long-term), $4,000; Investment
in Six-Month Government, Securities, $3,280; F. Branner, Capital,
$47,640; Land, $1,600; Prepaid Rent, $240; and Revenue Received in
Advance, $560.
Prepare a classified balance sheet at December 31, 2011. Assume
that this is Branner Company’s first year of operation.
5. Devon’s bookkeeper provided the
following balance sheet.
DEVON COMPANY
Balance Report for
the year ended...
5. Devon’s bookkeeper provided the
following balance sheet.
DEVON COMPANY
Balance Report for
the year ended December 31, 2016
Current Assets:
Cash
$ 58,000
Current Liabilities:
Accounts payable
$ 25,000
Accounts receivable
123,500
Accumulated
depreciation: buildings
20,000
Inventory, at higher
of cost or market (cost $29,850)
35,800
Wages payable
22,200
Sinking fund for
bond retirement
115,000
Additional paid-in
capital on common stock
100,000
Long-Term Investments:
Long-Term Liabilities:
Treasury stock (at cost)
55,500
Bonds payable
100,000
Investments in bonds
Marketable securities,...
Prepare a balance sheet for a
not-for-profit entity from
:
Revenue
Prepare a balance sheet for a
not-for-profit entity from
:
Revenue
$100,000
Depreciation Expense $10,000
Cash $400,000
Accounts Payable $15,000
Accounts Receivable $20,000
Allowance for Doubtful Accounts ($5,000)
Equipment $18,000
Accumulated Depreciation ($7,000)
Salaries Payable $9,000
Identify if the financial statements accounts are located on a
balance sheet or income sheet? Identify...
Identify if the financial statements accounts are located on a
balance sheet or income sheet? Identify whether the account is an
Asset, Liability, Shareholder Equity, Revenue, Expense, or Not
Applicable?
Accounts Payable
Common Stock
Sales Revenue
Equipment
Retained Earnings
Bonds Payable
Dividends Paid
Inventory
Insurance Expense
Accounts Receivable
Cash Flow from Investing Activities
Cash
Payroll Expense
Builings
Administrative Expense
Interest Income
Cash Flor for Operating Activities
Inventory
Cost of Goods Sold
Marketable Securities
Accounts Receivable
Retained Earnings
Income Tax Expense...
For each of the following accounts, signify which
financial statement would contain the account balance.
1...
For each of the following accounts, signify which
financial statement would contain the account balance.
1
Accounts recievable
Multiple Choice Answer Options:
2
Credit card expense
a. Income statement
3
bad debt expense
b. balance sheet
4
allowance for doubtful debts
c. statement of owner's equity
5
Notes receivable (due in 180 days)
6
interest revenue
7
depreciation expense
8
building
9
equipment
10
accumulated depreciation
11
Loss of disposal of equipment
12
Gain on disposal of equipment
13
Sales revenue...
Arrange the following items in proper balance sheet
presentation: (Be sure to list the assets in...
Arrange the following items in proper balance sheet
presentation: (Be sure to list the assets in order of their
liquidity. Input all answers as positive values.)
Accumulated amortization
$285,000
Retained earnings
141,600
Cash
18,000
Bonds payable
136,000
Accounts receivable
57,000
Plant and equipment—original cost
740,000
Accounts payable
53,000
Allowance for bad debts
7,400
Common stock, 100,000 shares outstanding
194,000
Inventory
84,000
Preferred stock, 1,000 shares outstanding
80,000
Marketable securities
20,000
Investments
26,000
Notes payable (6 months)
48,000
The bookkeeper for Riverbed Company has prepared the following
balance sheet as of July 31, 2017....
The bookkeeper for Riverbed Company has prepared the following
balance sheet as of July 31, 2017.
RIVERBED COMPANY
BALANCE SHEET
AS OF JULY 31, 2017
Cash
$ 72,350
Notes and accounts payable
$ 47,350
Accounts receivable (net)
43,850
Long-term liabilities
78,350
Inventory
63,350
Stockholders’ equity
158,850
Equipment (net)
84,000
$284,550
Patents
21,000
$284,550
The following additional information is provided.
1.
Cash includes $1,200 in a petty cash fund and $12,050 in a bond
sinking fund.
2.
The net accounts receivable...
The bookkeeper for Ayayai Company has prepared the following
balance sheet as of July 31, 2017....
The bookkeeper for Ayayai Company has prepared the following
balance sheet as of July 31, 2017.
AYAYAI COMPANY
BALANCE SHEET
AS OF JULY 31, 2017
Cash
$ 70,290
Notes and accounts
payable
$ 45,290
Accounts receivable
(net)
41,790
Long-term liabilities
76,290
Inventory
61,290
Stockholders’ equity
156,790
Equipment (net)
84,000
$278,370
Patents
21,000
$278,370
The following additional information is provided.
1.
Cash includes $1,200 in a
petty cash fund and $12,940 in a bond sinking fund.
2.
The net accounts receivable...