Included in Cheyenne Company's December 31, 2025, trial balance are the following accounts: Prepaid Rent $6,030, Debt Investments (to be held to maturity until 2028) $70,300, Unearned Fees $26,700, Land (held for investment) $40,400, and Notes Receivable (long-term) $53,500. Prepare the long-term investments section of the balance sheet. (Enter account name only and do not provide the descriptive information provided in the question.) CHEYENNE COMPANY Balance Sheet (Partial) $ $

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 1PA: On January 1, 2018, King Inc. borrowed $150,000 and signed a 5-year, note payable with a 10%...
icon
Related questions
Question
Included in Cheyenne Company's December 31, 2025, trial balance are the following accounts: Prepaid Rent $6,030, Debt
Investments (to be held to maturity until 2028) $70,300, Unearned Fees $26,700, Land (held for investment) $40,400, and Notes
Receivable (long-term) $53,500.
Prepare the long-term investments section of the balance sheet. (Enter account name only and do not provide the descriptive
information provided in the question.)
CHEYENNE COMPANY
Balance Sheet (Partial)
$
$
Transcribed Image Text:Included in Cheyenne Company's December 31, 2025, trial balance are the following accounts: Prepaid Rent $6,030, Debt Investments (to be held to maturity until 2028) $70,300, Unearned Fees $26,700, Land (held for investment) $40,400, and Notes Receivable (long-term) $53,500. Prepare the long-term investments section of the balance sheet. (Enter account name only and do not provide the descriptive information provided in the question.) CHEYENNE COMPANY Balance Sheet (Partial) $ $
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning