Prepare a balance sheet for a
not-for-profit entity from
:
Revenue
Prepare a balance sheet for a
not-for-profit entity from
:
Revenue
$100,000
Depreciation Expense $10,000
Cash $400,000
Accounts Payable $15,000
Accounts Receivable $20,000
Allowance for Doubtful Accounts ($5,000)
Equipment $18,000
Accumulated Depreciation ($7,000)
Salaries Payable $9,000
Selected accounts from the Pearson, Gomez, and Litt Partnership
adjusted trial balance for the year ended...
Selected accounts from the Pearson, Gomez, and Litt Partnership
adjusted trial balance for the year ended December 31
follow.
Accounts payable
$
5,000
Accounts receivable
$
10,000
Cash
40,000
Gomez, Capital
15,000
Land
25,000
Long-term notes payable
20,000
Pearson, Capital
30,000
Litt, Capital
5,000
Prepare a classified balance sheet.
Current Liabilities and Ratios
Several accounts that appeared on Spring's 2017 balance sheet
are as follows:...
Current Liabilities and Ratios
Several accounts that appeared on Spring's 2017 balance sheet
are as follows:
Accounts Payable
$83,000
Equipment
$950,000
Marketable Securities
40,000
Taxes Payable
15,000
Accounts Receivable
185,200
Retained Earnings
250,000
Notes Payable, 12%, due in 60 days
20,000
Inventory
165,000
Capital Stock
1,150,000
Allowance for Doubtful Accounts
20,000
Salaries Payable
10,000
Land
600,000
Cash
65,000
Required:
1. Prepare the Current Liabilities section of
Spring's 2017 balance sheet.
Spring
Partial Balance Sheet
As Of December 31, 2017
Current...
Balance Sheet
2019
2018
2017
Assets
Cash
$13,000
$19,000
$18,000
A/R
3,000
...
Balance Sheet
2019
2018
2017
Assets
Cash
$13,000
$19,000
$18,000
A/R
3,000
1,000
0
Inventory
18,000
12,000
8,000
Net building/land/equipment
70,000
70,000
70,000
Total
104,000
102,000
96,000
Liabilities
A/P
$9,000
$7,000
$5,000
Notes Payable
4,000
4,000
0
Total
13,000
11,000
5,000
Capital
91,000
91,000
91,000
Analyze the balance sheet below?
Comparative Trend Analysis
2018 to 2019
2017 to 2018
Assets
Percent Change
Percent Change...
Given the following account information for Leong Corporation,
prepare a balance
sheet (8
Marks)
in report form...
Given the following account information for Leong Corporation,
prepare a balance
sheet
in report form for the company as of December 31, 2017. All
accounts have normal balances.
Equipment 70,000
Interest
Expense 2,400
Interest
Payable 600
Retained
Earnings 234,680
Land 137,320
Accounts
Receivable 102,000
Bonds
Payable 78,000
Notes Payable (due in 6
months) 34,400
Common
Stock 70,000
Accumulated Depreciation - Equip 10,000
Prepaid
Advertising 5,000
Service
Revenue 351,400
Buildings 80,400
Supplies 1,860
Income Taxes
Payable 3,000
Utilities
Expense 1,320
Advertising
Expense 1,560
Salaries and Wages
Expense 53,040
Salaries and Wages
Payable 900
Accumulated Depr. -
Bld. 15,000
Cash 50,000
Depreciation
Expense 8,000...
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...
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...
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
The following is partial information of one company's Balance
Sheet. Using the given information, provide your...
The following is partial information of one company's Balance
Sheet. Using the given information, provide your answer as
requested.
Assets:
Cash $15,000
Acct. Receivable $15,000
Inventory $10,000
Prepaid Expenses $10,000
FF&E, net $100,000
Liabilities
Acct. Payable $11,000
Accrued Expenses $29,000
Notes Payable $60,000
30. Determine the amount of the Net Working Capital. Provide
only numbers for your answer with two decimal points. Do not put
"," or "%" or "$" in your answer. If your answer is 80%, put 80.00...
The following information shows the changes in Mexican pesos of
the balance sheet accounts of the...
The following information shows the changes in Mexican pesos of
the balance sheet accounts of the company “La
Norteña” at December 31 2014 compared to year 2013 .
In pesos mexicanos (MXP$)
IVA Receivable
($13,000)
Suppliers A/P payable
$27,000
Clients A/R receivables
($70,000)
Taxes payable
($1,000)
Advances from customers
($10,000)
Building
$100,000
Capital stock
$12,000
Bank loan L.T.
$140,000
Inventories
$90,000
Unearned Sales
($16,000)
Office equipment
$35,000
Rents paid in advance
$7,000
Franchise
$14,000
Accumulated Amortization
$10,000
Accumulated Depreciation
$1,500...