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Amount (in Normal balances) 239,186 353,700 504,944 (1)? 83,259 1,594,927 110,800 (2)? (3)? Account Titles Cash on hand and in bank Short-term investments Accounts receivable (net) Inventories Prepaid expenses Total current assets Long-term receivables Property, plant, and equipment (net) Total assets

Amount (in Normal balances) 239,186 353,700 504,944 (1)? 83,259 1,594,927 110,800 (2)? (3)? Account Titles Cash on hand and in bank Short-term investments Accounts receivable (net) Inventories Prepaid expenses Total current assets Long-term receivables Property, plant, and equipment (net) Total assets

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Problem 1. The data listed below are taken from a recent statement of financial position of Travel Hostel Company. Some amounts, indicated by question marks, have been intentionally omitted. Solve for the missing amounts indicated in the problem below, numbered 1 - 5. 1. How much is the inventories? 2. How much is the property, plant and equipment? 3. How much is the total assets? 4. How much is the accounts payable? 5. How much is the long-term loans payable?
Transcribed Image Text:Problem 1. The data listed below are taken from a recent statement of financial position of Travel Hostel Company. Some amounts, indicated by question marks, have been intentionally omitted. Solve for the missing amounts indicated in the problem below, numbered 1 - 5. 1. How much is the inventories? 2. How much is the property, plant and equipment? 3. How much is the total assets? 4. How much is the accounts payable? 5. How much is the long-term loans payable?
Amount (in Normal balances) 239,186 353,700 Account Titles Cash on hand and in bank Short-term investments Accounts receivable (net) 504,944 (1)? 83,259 1,594,927 110,800 (2)? (3)? 31,116 (4)? Inventories Prepaid expenses Total current assets Long-term receivables Property, plant, and equipment (net) Total assetS Notes payable and short-term debt Accounts payable Accrued liabilities 421,772 Other current liabilities Total current liabilities Long-term loans payable Total liabilities Shareholders' equity 181,604 693,564 (5)? 956,140 1,370,627
Transcribed Image Text:Amount (in Normal balances) 239,186 353,700 Account Titles Cash on hand and in bank Short-term investments Accounts receivable (net) 504,944 (1)? 83,259 1,594,927 110,800 (2)? (3)? 31,116 (4)? Inventories Prepaid expenses Total current assets Long-term receivables Property, plant, and equipment (net) Total assetS Notes payable and short-term debt Accounts payable Accrued liabilities 421,772 Other current liabilities Total current liabilities Long-term loans payable Total liabilities Shareholders' equity 181,604 693,564 (5)? 956,140 1,370,627
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