The comparative balance sheets of Shamrock Inc. at the beginning
and the end of the year...
The comparative balance sheets of Shamrock Inc. at the beginning
and the end of the year 2020 are as follows.
SHAMROCK INC.
BALANCE SHEETS
Dec. 31,
2020
Jan. 1, 2020
Inc./Dec.
Assets
Cash
$ 46,130
$ 14,130
$32,000
Inc.
Accounts receivable
94,430
90,300
4,130
Inc.
Equipment
42,430
24,300
18,130
Inc.
Less: Accumulated Depreciation-Equipment
20,430
11,000
9,430
Inc.
Total
$162,560
$117,730
Liabilities and Stockholders’ Equity
Accounts payable
$ 23,430
$ 17,300
6,130
Inc.
Common stock
101,130
82,300
18,830
Inc.
Retained earnings...
The comparative balance sheets of Cullumber Inc. at the
beginning and the end of the year...
The comparative balance sheets of Cullumber Inc. at the
beginning and the end of the year 2020 are as follows.
CULLUMBER INC.
BALANCE SHEETS
Dec. 31,
2020
Jan. 1, 2020
Inc./Dec.
Assets
Cash
$ 48,060
$ 16,060
$32,000
Inc.
Accounts receivable
95,240
89,180
6,060
Inc.
Equipment
43,240
23,180
20,060
Inc.
Less: Accumulated Depreciation-Equipment
21,240
11,000
10,240
Inc.
Total
$165,300
$117,420
Liabilities and Stockholders’ Equity
Accounts payable
$ 24,240
$ 16,180
8,060
Inc.
Common stock
103,060
81,180
21,880
Inc.
Retained earnings...
The comparative balance sheets of Metlock Inc. at the beginning
and the end of the year...
The comparative balance sheets of Metlock Inc. at the beginning
and the end of the year 2020 are as follows.
METLOCK INC.
BALANCE SHEETS
Dec. 31,
2020
Jan. 1, 2020
Inc./Dec.
Assets
Cash
$ 47,720
$ 15,720
$32,000
Inc.
Accounts receivable
95,830
90,110
5,720
Inc.
Equipment
43,830
24,110
19,720
Inc.
Less: Accumulated Depreciation-Equipment
21,830
11,000
10,830
Inc.
Total
$165,550
$118,940
Liabilities and Stockholders’ Equity
Accounts payable
$ 24,830
$ 17,110
7,720
Inc.
Common stock
102,720
82,110
20,610
Inc.
Retained earnings...
The comparative balance sheets of Ayayai Corporation at the
beginning and end of the year 2020...
The comparative balance sheets of Ayayai Corporation at the
beginning and end of the year 2020 appear below. AYAYAI CORPORATION
BALANCE SHEETS Dec. 31, 2020 Jan. 1, 2020 Inc./Dec. Assets Cash
$21,380 $14,480 $6,900 Inc. Accounts receivable 107,380 89,480
17,900 Inc. Equipment 40,380 23,480 16,900 Inc. Less: Accumulated
Depreciation-Equipment (17,000 ) (11,000 ) 6,000 Inc. Total
$152,140 $116,440 Liabilities and Stockholders’ Equity Accounts
payable $21,380 $16,480 4,900 Inc. Common stock 101,380 81,480
19,900 Inc. Retained earnings 29,380 18,480 10,900 Inc....
SARASOTA INC.
BALANCE SHEETS
Dec. 31, 2017
Jan. 1, 2017
Inc./Dec.
Assets
Cash
$ 47,080
$...
SARASOTA INC.
BALANCE SHEETS
Dec. 31, 2017
Jan. 1, 2017
Inc./Dec.
Assets
Cash
$ 47,080
$ 15,080
$32,000
Inc.
Accounts receivable
95,260
90,180
5,080
Inc.
Equipment
43,260
24,180
19,080
Inc.
Less: Accumulated Depreciation-Equipment
21,260
11,000
10,260
Inc.
Total
$164,340
$118,440
Liabilities and Stockholders’ Equity
Accounts payable
$ 24,260
$ 17,180
7,080
Inc.
Common stock
102,080
82,180
19,900
Inc.
Retained earnings
38,000
19,080
18,920
Inc.
Total
$164,340
$118,440
Net income of $48,260 was reported, and dividends of $29,340 were
paid in...
Exercise 12-7 Shown below are comparative balance sheets for
Mitch Company. Mitch Company Comparative Balance Sheets...
Exercise 12-7 Shown below are comparative balance sheets for
Mitch Company. Mitch Company Comparative Balance Sheets December 31
Assets 2017 2016 Cash $ 68,000 $ 22,000 Accounts receivable 88,000
76,000 Inventory 167,000 189,000 Land 80,000 100,000 Equipment
260,000 200,000 Accumulated depreciation—equipment (66,000 )
(32,000 ) Total $597,000 $555,000 Liabilities and Stockholders’
Equity Accounts payable $ 39,000 $ 43,000 Bonds payable 150,000
200,000 Common stock ($1 par) 216,000 174,000 Retained earnings
192,000 138,000 Total $597,000 $555,000 Additional information: 1.
Net income...
Rodriquez Corporation’s comparative balance sheets are presented
below.
RODRIQUEZ CORPORATION
Comparative Balance Sheets
December 31
2017...
Rodriquez Corporation’s comparative balance sheets are presented
below.
RODRIQUEZ CORPORATION
Comparative Balance Sheets
December 31
2017
2016
Cash
$17,000
$17,500
Accounts receivable
25,000
22,400
Investments
19,850
16,050
Equipment
60,050
69,750
Accumulated depreciation—equipment
(13,750
)
(10,400
)
Total
$108,150
$115,300
Accounts payable
$14,750
$11,250
Bonds payable
10,400
30,000
Common stock
49,500
45,200
Retained earnings
33,500
28,850
Total
$108,150
$115,300
Additional information:
1.
Net income was $18,450. Dividends declared and paid were
$13,800.
2.
Equipment which cost $9,700 and had accumulated depreciation...
The comparative balance sheets of Montgomery, Inc. at the
beginning and the end of the year...
The comparative balance sheets of Montgomery, Inc. at the
beginning and the end of the year 2020 are as follows.
Net income of $47,200 was reported, and dividends of $27,680
were paid in 2020. New equipment was purchased and none was
sold.
Prepare a statement of cash flows in order to provide the
following information:
1. Net cash provided by operating activities
2. Cash flows related to investing activities
3. Net cash from/used by financing activities
4. Cash at the...
The comparative balance sheets for Rothlisberger Company as of
December 31 are presented below.
ROTHLISBERGER COMPANY...
The comparative balance sheets for Rothlisberger Company as of
December 31 are presented below.
ROTHLISBERGER COMPANY Comparative Balance Sheets December 31
Assets 2017 2016 Cash $59,900 $46,500 Accounts receivable 43,400
62,100 Inventory 148,100 145,600 Prepaid expenses 15,000 24,600
Land 96,500 130,300 Buildings 198,700 198,700 Accumulated
depreciation—buildings (56,200 ) (31,200 ) Equipment 230,300
156,600 Accumulated depreciation—equipment (44,300 ) (36,200 )
Total $691,400 $697,000 Liabilities and Stockholders’ Equity
Accounts payable $46,200 $39,000 Bonds payable 260,000 291,200
Common stock, $1 par 189,500 158,300...
No. 2:
Abbey INC.
Balance Sheet
Assets
Dec. 31, 2010
Jan. 1, 2010
Inc./Dec.
Equipment
$39,000...
No. 2:
Abbey INC.
Balance Sheet
Assets
Dec. 31, 2010
Jan. 1, 2010
Inc./Dec.
Equipment
$39,000
$22,000
$17,000 Inc.
Less: Accumulated depreciation
-17,000
$(11,000)
6,000 Inc.
Accounts receivable
91000
88,000
3,000 Inc.
Cash
45,000
13,000
32,000 Inc.
Total
$158,000
$112,000
Equity and Liabilities
Share capital—ordinary
100000
$80,000
20,000 Inc.
Retained earnings
38,000
17,000
21,000 Inc.
Accounts payable
20,000
15,000
5,000 Inc.
Total
$158,000
$112,000
Net Income of $34000 was reported and Dividend of $13000 were
paid in 2010. New Equipment...