CCC - Balance sheets 31 December 2018, 2017 assets 2018 2017
Fixed assets, net 600,000 500,000...
CCC - Balance sheets 31 December 2018, 2017 assets 2018 2017
Fixed assets, net 600,000 500,000 Inventory 70,000 50,000 Accounts
receivable, net 100,000 150,000 Cash 30,000 50,000 Total current
assets € 200,000 € 250,000 Total assets € 800,000 € 750,000 Equity
and liabilities 2018 2017 Share capital 300,000 200,000 Retained
earnings 80,000 100,000 Total equity € 380,000 € 300,000 Payable
bonds 200,000 250,000 Accounts payable 150,000 120,000 Income taxes
payable 70,000 80,000 Total current liabilities € 220,000 € 200,000
Total...
Accounts payable-trade .......4,350,00
Accounts receivable-trade ......3,100,00
Bank loan, short-term borrowings..... 1,500,000
Processing formulas ......300,000
Land held...
Accounts payable-trade .......4,350,00
Accounts receivable-trade ......3,100,00
Bank loan, short-term borrowings..... 1,500,000
Processing formulas ......300,000
Land held for speculation...... 2,500,000
Land ......5,000,000
Change fund .....30,000
Prepaid advertising ......80,000
Unused office supplies .......20,000
Notes payable-trade ......2,500,000
Notes receivable ........1,000,000
Copyright ........300,000
Tools...... 100,000
Building...... 8,000,000
Machinery...... 5,000,000
Office furniture...... 1,800,000
Computer software ......500,000
Bonds payable .......5,000,000
Time deposit due december 31, 2023...... 5,000,000
Premium on bonds payable..... 500,000
Cash in PNB#001 .......2,300,000
Cash in PNB#002 .......(150,000)
Jenny, capital..... 17,880,000
Accumulates depreciation, building..........
Below is the trial balance of Manhattan Realtors Inc. for the
period ended 12/31/16.
Cash
...
Below is the trial balance of Manhattan Realtors Inc. for the
period ended 12/31/16.
Cash
5,030,000
Rent Receivable
150,000
Prepaid Expense
250,000
Prepaid Insurance
565,000
Building
15,525,000
Unearned Revenue
(526,000)
Accounts Payable
(246,000)
Accrued Expenses
(200,000)
Additional Paid-in Capital
(14,000,000)
Retained Earnings
(3,925,000)
Rental Revenue
(5,000,000)
Salaries
1,152,000
Utilities Expenses
300,000
Property Taxes
425,000
Depreciations
350,000
Other Expenses
150,000
Prepare the Balance Sheet based...
The adjusted trial balance for China Tea Company at December 31,
2018, is presented below:
Debit...
The adjusted trial balance for China Tea Company at December 31,
2018, is presented below:
Debit
Credit
Cash
10,500
Accounts receivable
150,000
Prepaid rent
5,000
Inventory
25,000
Equipment
300,000
Accumulated depreciation - equipment
125,000
Accounts payable
30,000
Notes payable - due in three months
30,000
Salaries payable
4,000
Interest payable
1,000
Common stock
200,000
Retained earnings
50,000
Sales revenue
400,000
Costs of goods sold
180,000
Salaries expense
120,000
Rent expense
15,000
Depreciation expense
30,000
Interest expense
2,000
Advertising expense
2,500...
Presented below is a partial trial balance for the Alias
Corporation at December 31, 2021.
Account...
Presented below is a partial trial balance for the Alias
Corporation at December 31, 2021.
Account
DBT
CRT
Cash
30,000
Cash tied to repayment of bands payable
100,000
AR
195,000
Allowance for Doubtful Accounts
24,000
Notes Receivable (due Nov. 1 2022)
120,000
Interest Receivable (on Notes Receavable)
4,000
Raw Materials Inventory
36,000
Work in Process Inventory
38,000
Finished Goods Inventory
98,000
Marketable Securities
48,000
Prepaid Insurance (exp June 30, 2022)
60,000
Land
100,000
Buildings
1,500,000
Equipment
400,000
Accumulated Dep. -...
The following account balances were taken from the ledger of ABC
Company at December 31, 2019...
The following account balances were taken from the ledger of ABC
Company at December 31, 2019 before adjustments:
Cash $ 42,000
Accounts Receivable 86.000
Allowance for Doubtful Accounts 2,400
Inventory 97,000
Land 62,300
Buildings 142,500
Accumulated Depreciation---Buildings 32,560
Long Term Investments 31,500
Accounts Payable 51,800
Mortgage Payable 122,500
Capital Stock, $5 par 200,000
Retained Earnings, December 31, 2017 26,950
Dividends 40,540
Sales 431,000
Sales Returns 9,560
Sales Discounts 8,440
Cost of Goods Sold 203,420
Selling Expenses 58,300
Administrative Expenses 44,200...
The adjusted trial balance for China Tea Company at December 31,
2018, is presented below: Debit...
The adjusted trial balance for China Tea Company at December 31,
2018, is presented below: Debit Credit Cash 10,500 Accounts
receivable 150,000 Prepaid rent 5,000 Inventory 25,000 Equipment
300,000 Accumulated depreciation - equipment 125,000 Accounts
payable 30,000 Notes payable - due in three months 30,000 Salaries
payable 4,000 Interest payable 1,000 Common stock 200,000 Retained
earnings 50,000 Sales revenue 400,000 Costs of goods sold 180,000
Salaries expense 120,000 Rent expense 15,000 Depreciation expense
30,000 Interest expense 2,000 Advertising expense 2,500...
Below are the balance sheet accounts
and balances for The Cougar Hotel for the years 20X7...
Below are the balance sheet accounts
and balances for The Cougar Hotel for the years 20X7
and 20X8, please complete the
following:
1.
Organize the information into the correct Balance Sheet
Format. Proper format
includes:
a. Headings
b. Dates
c.
Subtotals/Totals
d. Vertical
Analysis
e. Horizontal
Analysis
20X7
20X8
Accounts
Payable
100,000
500,000
Accounts
Receivable
500,000
100,000
Accumulated
Depreciation
(7,000,000) (12,000,000)
Building
20,000,000 25,000,000
Cash
600,000
400,000
Common
Stock
20,000,000 25,000,000
Current Portion of
Mortgage
1,250,000
1,250,000
Equipment
10,000,000 12,000,000...
LM Company's December 31, 2020 unadjusted trial
balance reported the following accounts:
Accounts Payable ............ $37,000...
LM Company's December 31, 2020 unadjusted trial
balance reported the following accounts:
Accounts Payable ............ $37,000
Accounts Receivable ......... $61,000
Accumulated Depreciation .... $33,000
Cash ........................ $20,000
Common Stock ................ $54,000
Cost of Goods Sold .......... $47,000
Equipment ................... $71,000
Income Tax Expense .......... $12,000
Interest Expense ............ $16,000
Inventory ................... $70,000
Investment Revenue .......... $56,000
Mortgage Payable ............ $40,000
Prepaid Insurance ........... $26,000
Retained Earnings ........... $42,000 (at January 1, 2020)
Sales Revenue ............... $95,000
Trademark ................... $22,000
Unearned...
Consider the following information from a company's unadjusted
trial balance at December 31, 2018. All accounts...
Consider the following information from a company's unadjusted
trial balance at December 31, 2018. All accounts have normal
balances.
Accounts Receivable
$
7,500
Accounts Payable
650
Cash
3,700
Service Revenue
14,500
Common Stock, $2 par, 10,000 authorized
2,000
Common Stock, add’l pd in capital
7,000
Equipment, at cost
12,900
Accumulated depreciation
2,300
Depreciation Expense
700
Land
5,800
Notes Payable, Due 2021
8,000
Investment Securities
1,200
Prepaid Rent
1,400
Rent Expense
2,400
Retained Earnings, January 1, 2018
5,850
Salaries and Wages...