Fill in the missing pieces to the balance sheet below for
Capital One Financial. Make sure...
Fill in the missing pieces to the balance sheet below for
Capital One Financial. Make sure to show your work in the available
space.
Assets Liabilities & Owners’ Equity
Cash $500,000 Accounts Payable_____
Accounts Receivable______ Notes Payable $600,000
Inventory $750,000 Accruals $400,000
Total Current Assets $1,800,000 Total Current
Liabilities______
Net Plant & Equip______ Long-Term Debt $4,000,000
Total Debt $5,000,000
Retained Earnings $1,500,000
Stockholders’ Equity_____
Total Equity_____
Total Assets_____ Total Liabilities & Owners’ Equity
$8,000,000
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...
Balance Sheet
Dynamic Weight Loss Co. offers personal weight reduction
consulting services to individuals. After all...
Balance Sheet
Dynamic Weight Loss Co. offers personal weight reduction
consulting services to individuals. After all the accounts have
been closed on June 30, 20Y7, the end of the fiscal year, the
balances of selected accounts from the ledger of Dynamic Weight
Loss are as follows:
Accounts Payable
$9,370
Accounts Receivable
22,580
Accumulated Depreciation - Equipment
28,200
Common Stock
180,000
Cash
?
Equipment
81,520
Land
109,000
Prepaid Insurance
5,250
Prepaid Rent
3,280
Retained Earnings
7,960
Salaries Payable
3,650
Supplies
560...
Following is balance sheet information for Lynch Services at the
end of 2014 and 2015.
December...
Following is balance sheet information for Lynch Services at the
end of 2014 and 2015.
December 31,
2015
December 31,
2014
Accounts Payable
$3,000
$4,500
Cash
11,500
10,000
Accounts Receivable
21,000
16,500
Land
20,000
20,000
Building
125,000
130,000
Equipment
21,500
22,500
Mortgage Payable
45,000
50,000
Supplies
10,000
9,000
Common Stock
110,000
110,000
Retained Earnings
?
?
a. Prepare balance sheets at December 31 of each year.
LYNCH SERVICES
BALANCE SHEETS
December 31
2015
2014
Assets
LandCommon StockAccounts PayableCash
Accounts Receivable...
In the Balance Sheet below determine the unknown values.
Cash
 
In the Balance Sheet below determine the unknown values.
Cash
$50,000
Accounts
Payable
$125.000
Accounts
receivable
100,000
Notes
Payable
50,000
Inventory
80,000
Total Short Term
Debt
?
Total Current
Assets
Mortgages
350,000
Plant
500,000
Long Term
Notes
175,000
Net
Equipment
?
Total Long Term
Debt
?
Stockholders
Equity
?
Total
Assets
?
Total Debt &
Equity
775,000
In the previous question, if the Book Value of the Equipment is
$65,000 what is the value of the...
Wickersham Brothers, Inc. reported the following
information:
2018
2017
Balance Sheet
Assets
Cash
$50,000
$72,000
Accounts...
Wickersham Brothers, Inc. reported the following
information:
2018
2017
Balance Sheet
Assets
Cash
$50,000
$72,000
Accounts Receivable
80,000
70,000
Merchandise Inventory
60,000
65,000
Property And Equipment
110,000
60,000
Less: Accumulated Depreciation
(30,000)
(15,000)
Total Assets
$270,000
$252,000
Liabilities:
Accounts Payable
$10,000
$12,000
Salaries and Wages Payable
2,000
1,000
Bonds Payable, Long-Term
50,000
60,000
Stockholders’ Equity:
Common Stock
100,000
80,000
Retained Earnings
108,000
99,000
Total Liabilities and Stockholders’ Equity
$270,000
$252,000
Income Statement
Sales
$200,000
Cost of Goods Sold
110,000
Depreciation...
Edman Company is a merchandiser that has provided the following
balance sheet and income statement for...
Edman Company is a merchandiser that has provided the following
balance sheet and income statement for this year.
Beginning Balance
Ending Balance
Assets
Cash
$
62,800
$
150,000
Accounts receivable
160,000
180,000
Inventory
230,000
240,000
Property, plant & equipment (net)
833,000
793,000
Other assets
37,000
37,000
Total assets
$
1,322,800
$
1,400,000
Liabilities & Stockholders’ Equity
Accounts payable
$
70,000
$
80,000
Bonds payable
550,000
550,000
Common stock
410,000
410,000
Retained earnings
292,800
360,000
Total liabilities & stockholders’ equity
$...
Please construct a balance sheet for the following company for
each year. Then calculate their debt-to-asset...
Please construct a balance sheet for the following company for
each year. Then calculate their debt-to-asset ratios for each
year.
A) For December 31, 2010, the business had current assets of:
$3,278 cash; $6,954 accounts receivable; $17,417 inventory. Plant
and equipment totaled $144,500. Current liabilities were: accounts
payable $9,250; wages payable $1,110; property and taxes payable
$3,650. Long-term debt totaled $75,800; and owner's equity
$82,339.
B) For December 31, 2011, the business had current assets of:
$1,844 cash, $11,807 accounts...
Dole Cole Company’s balance sheet is as follows: Dole Cole
Company Balance Sheet December 31 Assets...
Dole Cole Company’s balance sheet is as follows: Dole Cole
Company Balance Sheet December 31 Assets 2019 2018 RM RM Cash
15,000 16,000 Marketable securities 7,200 8,000 Accounts receivable
34,100 42,200 Inventories 82,000 50,000 Total current assets
138,300 116,200 Land and buildings 150,000 150,000 Machinery and
equipment 200,000 190,000 Furniture and fixtures 54,000 50,000
other 11,000 10,000 Total gross fixed assets 415,000 400,000 Less:
Accumulated depreciation 145,000 115,000 Net fixed assets 270,000
285,000 Total assets 408,300 401,200 Liabilities and Stockholders'...
Just Dew It Corporation reports the following balance sheet
information.
Prepare the common-size balance sheet...
Just Dew It Corporation reports the following balance sheet
information.
Prepare the common-size balance sheet for Just Dew It. (Do not
round intermediate calculations. Enter your answers as a percent
rounded to 2 decimal places, e.g., 32.16.)
Assets
Current assets
Cash $ 8,250 %
Accounts receivable 34,500
%
Inventory 58,500 %
Total $ 101,250
%
Fixed assets
Net plant and equipment $
273,750 %
Total assets $ 375,000 %
Liabilities and Owners’ Equity
Current liabilities
Accounts payable $...