Just Dew It Corporation reports
the following balance sheet information for 2014 and 2015.
JUST DEW...
Just Dew It Corporation reports
the following balance sheet information for 2014 and 2015.
JUST DEW IT CORPORATION
2014 and 2015 Balance Sheets
Assets
Liabilities and Owners’ Equity
2014
2015
2014
2015
Current assets
Current
liabilities
Cash
$
4,000
$
11,280
Accounts payable
$
39,040
$
48,720
Accounts receivable
14,880
20,400
Notes payable
12,960
17,280
Inventory
61,920
90,480
Total
$
80,800
$
122,160
Total
$
52,000
$
66,000
Long-term debt
$
48,000
$
36,000
Owners’ equity
Common stock and paid-in...
Just Dew It Corporation reports the following balance sheet
information for 2014 and 2015.
JUST...
Just Dew It Corporation reports the following balance sheet
information for 2014 and 2015.
JUST DEW IT CORPORATION
2014 and 2015 Balance Sheets
Assets Liabilities and Owners’ Equity
2014 2015 2014 2015
Current assets Current liabilities
Cash $ 7,800 $ 12,250 Accounts payable $ 46,400 $ 52,750
Accounts receivable 15,800 31,000 Notes payable 20,600
26,500
Inventory 53,400 64,250
Total $ 77,000 $ 107,500 Total $ 67,000 $ 79,250
Long-term debt $ 46,000 $ 40,000
Owners’ equity
Common stock and...
Balance Sheet
The following balance sheet contains errors.
ATLAS SERVICES CO.
Balance Sheet
For the Year...
Balance Sheet
The following balance sheet contains errors.
ATLAS SERVICES CO.
Balance Sheet
For the Year Ended May 31,
20Y5
Assets
Current assets:
Cash
$ 12,000
Accounts payable
47,900
Supplies
4,800
Prepaid insurance
17,400
Land
400,000
Total current assets
$482,100
Property, plant, and equipment:
Building
$ 225,000
Equipment
90,000
Total property, plant, and equipment
315,000
Total assets
$797,100
Liabilities
Current liabilities:
Accounts receivable
$ 40,800
Accumulated depreciation—building
54,600
Accumulated depreciation—equipment
32,400
Net loss
44,200
Total liabilities
$172,000
Stockholders’ Equity
Wages...
Bethesda Mining Company reports the following balance sheet
information for 2015 and 2016.
Prepare the 2015...
Bethesda Mining Company reports the following balance sheet
information for 2015 and 2016.
Prepare the 2015 and 2016 common-size balance sheets for Bethesda
Mining. (Do not round intermediate calculations and enter
your answers as a percent rounded to 2 decimal places, e.g.,
32.16.)
BETHESDA MINING COMPANY
Balance Sheets as of December 31, 2015 and 2016
2015
2016
2015
2016
Assets
Liabilities and Owners’ Equity
Current assets
Current liabilities
Cash
$
65,470
%
$
82,487
%
Accounts payable
$
186,922
%...
Simon Company's year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,484...
Simon Company's year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,484
$
36,802
$
38,366
Accounts receivable, net
87,707
62,528
51,155
Merchandise inventory
113,616
82,626
55,575
Prepaid expenses
9,647
9,379
4,136
Plant assets, net
275,633
255,292
234,468
Total assets
$
518,087
$
446,627
$
383,700
Liabilities and Equity
Accounts payable
$
126,424
$
75,480
$
49,129
Long-term notes payable secured by
mortgages on plant assets
98,374
105,806
86,494
Common stock, $10 par value
163,500
163,500...
Simon Company's year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
27,791...
Simon Company's year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
27,791
$
31,529
$
33,175
Accounts receivable, net
77,388
55,177
43,349
Merchandise inventory
96,307
72,912
46,633
Prepaid expenses
9,037
8,611
3,612
Plant assets, net
251,272
229,870
208,331
Total assets
$
461,795
$
398,099
$
335,100
Liabilities and
Equity
Accounts payable
$
116,137
$
66,606
$
44,676
Long-term notes payable secured
by
mortgages on plant assets
85,949
93,394
75,538
Common stock, $10 par value
163,500
163,500...
Following is the balance sheet of Faustin Company’s for
2014.
FAUSTIN COMPANY'S
Balance sheet
Assets
Cash...
Following is the balance sheet of Faustin Company’s for
2014.
FAUSTIN COMPANY'S
Balance sheet
Assets
Cash
$
14,900
Marketable securities
7,540
Accounts receivable
12,560
Inventory
10,850
Property and equipment
171,000
Accumulated depreciation
(12,700
)
Total assets
$
204,150
Liabilities and Stockholders’ Equity
Accounts payable
$
8,360
Current notes payable
3,120
Mortgage payable
4,450
Bonds payable
21,480
Common stock
113,500
Retained earnings
53,240
Total liabilities and stockholders’ equity
$
204,150
The average number of common stock shares outstanding during
2014 was...
Exercise 13-11 Profitability analysis LO P3 Simon Company’s
year-end balance sheets follow. At December 31 2015...
Exercise 13-11 Profitability analysis LO P3 Simon Company’s
year-end balance sheets follow. At December 31 2015 2014 2013
Assets Cash $ 31,800 $ 35,625 $ 37,800 Accounts receivable, net
89,500 62,500 50,200 Merchandise Inventory 112,500 82,500 54,000
Prepaid expenses 10,700 9,375 5,000 Plant assets, net 278,500
255,000 230,500 Total assets $ 523,000 $ 445,000 $ 377,500
Liabilities and Equity Accounts payable $ 129,900 $ 75,250 $ 51,250
Long-term notes payable secured by mortgages on plant assets 98,500
101,500 83,500 Common...
The balance sheet items of Kiner Company as of December 31,
current year, follow in random...
The balance sheet items of Kiner Company as of December 31,
current year, follow in random order.
Land
$
90,000
Office
equipment
$
10,000
Accounts payable
50,000
Building
240,000
Accounts receivable
50,000
Capital stock
75,000
Cash
30,000
Notes payable
210,000
Retained earnings
?
a. Compute the amount for Retained
earnings.
b. Prepare a balance sheet for the company.
Complete this question by entering your answers in the
tabs below.
Required A
Required B
Compute the amount for Retained earnings.
Retained...