The balance sheet for December 31, 2018, December 31, 2017, and
the income statement for the...
The balance sheet for December 31, 2018, December 31, 2017, and
the income statement for the year ended December 31, 2018, for
Rocket Company follows.
Rocket Company
Balance Sheet
December 31, 2018 and 2017
2018
2017
Assets
Cash
$ 25,000
$ 20,000
Accounts receivable, net
60,000
70,000
Inventory
80,000
100,000
Land
50,000
50,000
Building and equipment
130,000*
115,000
Accumulated depreciation
(85,000)
(70,000)
Total assets
$260,000
$285,000
Liabilities and Stockholders' Equity
Accounts payable
$ 30,000
$ 35,000
Income taxes payable
4,000 ...
a comparative balance sheet for ALPHAinc at December 31,2017 is
shown below.
2017 2016 Change
cash...
a comparative balance sheet for ALPHAinc at December 31,2017 is
shown below.
2017 2016 Change
cash 30,000 35,000 -5,000
accounts receivable 55,000 45,000 10,000
inventory 65,000 45,000 20,000
preppaid expense 15,000 25,000 -10,000
land 70,000 40,000 30,000
right of use of asset 100,000 0 100,000
equipment 90,000 75,000 15,000
accumulated depreciation -18,000 -8,000 -10,000
total 407,000 257,000 150,000
Accounts payable 65,000 52,000 13,000
accrued expense 15,000 18,000 3,000
notes payable 0 23,000 -23,000
bonds payable 30,000 0 30,000
lease...
Just Dew It Corporation reports the following balance sheet
information for 2017 and 2018.
JUST...
Just Dew It Corporation reports the following balance sheet
information for 2017 and 2018.
JUST DEW IT CORPORATION
2017 and 2018 Balance Sheets
Assets
Liabilities and Owners’ Equity
2017
2018
2017
2018
Current assets
Current liabilities
Cash
$
14,200
$
18,260
Accounts payable
$
58,400
$
61,820
Accounts receivable
19,000
23,100
Notes payable
23,400
25,080
Inventory
51,800
54,780
Total
$
85,000
$
96,140
Total
$
81,800
$
86,900
Long-term debt
$
32,000
$
22,000
Owners’ equity
Common stock and...
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...
Just Dew It Corporation reports the following balance sheet
information for 2017 and 2018.
JUST...
Just Dew It Corporation reports the following balance sheet
information for 2017 and 2018.
JUST DEW IT CORPORATION
2017 and 2018 Balance Sheets
Assets
Liabilities and Owners’ Equity
2017
2018
2017
2018
Current assets
Current liabilities
Cash
$
8,250
$
12,240
Accounts payable
$
43,500
$
48,240
Accounts receivable
34,500
40,560
Notes payable
29,625
32,160
Inventory
58,500
86,160
Total
$
101,250
$
138,960
Total
$
73,125
$
80,400
Long-term debt
$
45,000
$
36,000
Owners’ equity
Common stock and...
Your Name, Inc.
Balance Sheet
12/31/2017
Current Assets
&nbs
Your Name, Inc.
Balance Sheet
12/31/2017
Current Assets
Cash
$18,000
Marketable Securities (Short-term)
2,000
Accounts
Receivable
14,000
Allowance for Bad
Debt
(2,000)
Inventory
15,000
Prepaid
Insurance
5,000
Total Current
Assets
$52,000
Property, Plant, and Equipment
Land
$30,000
Building
150,000
Accumulated Dep. –
Building (45,000)
Equipment
100,000
Accumulated Dep. -
Equipment (20,000)
Total
PPE
$215,000
...
Balance sheet Problem :
A. Identify the criteria of the following items (Assets,
Liabilities or Owner...
Balance sheet Problem :
A. Identify the criteria of the following items (Assets,
Liabilities or Owner Equity): Create Balance Sheet from Following
items
1) Notes payable 22,400
2) Inventory 55,000
3) Account receivable 9,600
4) Capital 72,000
5) Account payable 43,200
6) Building, Land and Equipment 96,000
7) Short Term Loan or Short term debt 5,000
8) Office supplies 12,000
9) Retained earnings 34,800
10) Cash 4,800
Following is the balance sheet of Gibson Company for 2018:
GIBSON COMPANY
Balance sheet
Assets
Cash...
Following is the balance sheet of Gibson Company for 2018:
GIBSON COMPANY
Balance sheet
Assets
Cash
$
14,550
Marketable securities
7,860
Accounts receivable
12,860
Inventory
10,900
Property and equipment
168,000
Accumulated depreciation
(12,900
)
Total assets
$
201,270
Liabilities and Stockholders’ Equity
Accounts payable
$
8,090
Current notes payable
3,640
Mortgage payable
4,450
Bonds payable
22,020
Common stock
113,200
Retained earnings
49,870
Total liabilities and stockholders’ equity
$
201,270
The average number of common stock shares outstanding during
2018 was...
Following is the balance sheet of Gibson Company for 2018:
GIBSON COMPANY
Balance sheet
Assets
Cash...
Following is the balance sheet of Gibson Company for 2018:
GIBSON COMPANY
Balance sheet
Assets
Cash
$
14,550
Marketable securities
7,860
Accounts receivable
12,860
Inventory
10,900
Property and equipment
168,000
Accumulated depreciation
(12,900
)
Total assets
$
201,270
Liabilities and Stockholders’ Equity
Accounts payable
$
8,090
Current notes payable
3,640
Mortgage payable
4,450
Bonds payable
22,020
Common stock
113,200
Retained earnings
49,870
Total liabilities and stockholders’ equity
$
201,270
The average number of common stock shares outstanding during
2018 was...
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...