Question

balance Sheet - statement of financial position 3. Accounts Payable $14,500 Accounts Receivable $2,500 Accumulated Amortization,...

balance Sheet - statement of financial position

3.

Accounts Payable

$14,500

Accounts Receivable

$2,500

Accumulated Amortization, patents

$3,500

Accumulated Depreciation, equipment

$3,000

Retained Earnings

$6,400

Cash

$41,900

Common Shares

$40,000

Equipment

$3,500

Land

$15,000

Long-term investments

$500

Bank loan payable (due in 5 years)

$4,200

Patents

$5,500

Short-term (trading) investments

$2,700

Please make a balance sheet ;The following information is available for Jordi Ltd. at December 31, 2017:

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1
Jordi Limited
Balance Sheet
December 31, 2017
Assets
Current assets:
Cash 41900
Short-term (trading) investments 2700
Accounts receivable 2500
Total current assets 47100
Long-term investments 500
Property, plant, and equipment
Land 15000
Equipment 3500
Less: Accumulated depreciation -3000 500
Total property, plant, and equipment 15500
Intangible assets:
Patents, net 2000
Total assets 65100
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable 14500
Long-term liabilities:
Bank loan payable 4200
Total liabilities 18700
Stockholders' Equity
Common shares 40000
Retained earnings 6400
Total stockholders' equity 46400
Total liabilities and stockholders' equity 65100
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A company has the following balances at December 31, 2019: Accounts payable 60,000 Accounts receivable 52,500...
A company has the following balances at December 31, 2019: Accounts payable 60,000 Accounts receivable 52,500 Cash 80,000 Common stock 200,000 Equipment 96,000 Equity investments 76,300 Inventory 57,000 Long-term liabilities 100,000 Patents 32,000 Retained earnings 17,000 Salaries payable 15,000 Unearned revenue 1,500 Additional information: The cash balance includes $20,000 cash restricted for future plant expansion. Allowance for doubtful accounts is $3,800. Accumulated depreciation on equipment is $40,000. The long-term liabilities balance includes $12,000 due in 2020. Format guidance: Enter whole...
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
Prepare the Income Statement,  the Retained Earning Statement , the Classified  Balance Sheet, and the Closing Entries using...
Prepare the Income Statement,  the Retained Earning Statement , the Classified  Balance Sheet, and the Closing Entries using the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance For the Year ended December 31, 2018 Cash $  6,030 Accounts Receivable 2,100 Prepaid Expenses    700 Land 10,000 Equipment 13,700 Accumulated Depreciation $  1,100 Accounts Payable 1,900 Notes Payable,   4,200 Common Stock 10,000 Retained Earnings 12,150 Fees Earned 8,750 Wages Expense 2,500 Rent Expense 1,960 Utilities Expense 775 Depreciation Expense 250 Miscellaneous Expense 85...
The accounts of the Capitan Company are shown below: Capitan Company List of Accounts as on...
The accounts of the Capitan Company are shown below: Capitan Company List of Accounts as on December 31 Accounts payable $20,000 Accounts receivable 18,000 Accumulated depreciation 11,000 Equity shares 75,000 Cash 85,000 Building and equipment 81,000 Inventory 15,000 Long-Term investment 30,000 Land 27,000 Marketable securities 3,000 Mortgage payable 89,000 Patents 4,000 Prepaid rent 6,000 Retained earnings ? Supplies 6,000 Taxes payable 11,000 Unearned revenue 19,000 Required: Prepare a balance sheet at December 31 for the Capitan Company. Assume that no...
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,...
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...
​(Working with an income statement and balance sheet​) Prepare a balance sheet and income statement for...
​(Working with an income statement and balance sheet​) Prepare a balance sheet and income statement for Kronlokken Company from the scrambled list of items shown in the popup​ window, Depreciation expense   66,000 Cash   225,000 Long-term debt   334,000 Sales   573,000 Accounts payable   102,000 General and administrative expenses   79,000 Buildings and equipment   895,000 Notes payable   75,000 Accounts receivable   153,000 Interest expense   4,750 Accrued operating expenses   7,900 Common stock   289,000 Cost of goods sold   297,000 Inventory   99,300 Taxes   50,500 Accumulated depreciation   -263,000 Prepaid...
Question 1: Preparation and Presentation of the Balance Sheet/Statement of Financial Position Woodside Global Trading Limited,...
Question 1: Preparation and Presentation of the Balance Sheet/Statement of Financial Position Woodside Global Trading Limited, a company listed on the Roman Stock Exchange, is a trading and investment entity. The company trades exclusively in golf equipment, and invests in property and other firms. Woodside Global Trading Limited have just engaged you as their external accountant to assist in the preparation of the entity’s 2025 financial statements. The financial period of the company is from January 1 to December 31....
Financial statements for Space Galaxy Ltd. are presented below: Space Galaxy Ltd. Statement of Financial Position...
Financial statements for Space Galaxy Ltd. are presented below: Space Galaxy Ltd. Statement of Financial Position December 31, 2018 Assets                Liabilities & Shareholders’ Equity Cash ................................................       $ 44,000 Accounts payable                      $ 28,000 Accounts receivable                                   39,000 Buildings and equipment                         154,000 Accumulated depreciation— Bonds payable                           54,000           buildings and equipment                 (46,000) Common shares                        69,000 Patents                                                        24,000 Retained earnings                    64,000                                                                          $215,000                                                        $215,000 Space Galaxy Ltd. Statement of Cash Flows For the Year Ended December 31, 2018 Cash...
Financial statements for Space Galaxy Ltd. are presented below: Space Galaxy Ltd. Statement of Financial Position...
Financial statements for Space Galaxy Ltd. are presented below: Space Galaxy Ltd. Statement of Financial Position December 31, 2018 Assets                                                                                         Liabilities & Shareholders’ Equity Cash ................................................ $ 44,000                    Accounts payable                $ 28,000 Accounts receivable                              39,000                     Bonds payable                       54,000 Buildings and equipment                     154,000 Accumulated depreciation— buildings and equipment                    (46,000)                    Common shares                     69,000 Patents                                                    24,000                      Retained earnings                 64,000                                                                 $215,000                                                                   $215,000 Space Galaxy Ltd. Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from operating activities Net income...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT