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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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PREPARE THE
![On December 31, 2018, the bookkeeper of Nina Manufacturing Company provided the following
information.
Banco de Oro Account 1
Bank Overdraft Banco de Oro Account 2
Metrobank
Petty Cash Fund
Change Cash Fund
Cash Equivalents
Accounts Receivable
Allowance for Bad Debts
Notes Receivable
Accrued Interest on Notes Receivable
Factory Supplies
Raw Materials
Goods in Progress
Finished Goods
Unused Office Supplies
Prepaid Rent
Land
Building
Accumulated Depreciation Building
Furniture & Fixtures
Accumulated Depreciation - Furniture & Fixtures
Machinery & Equipment
Accumulated Depreciation - Machinery & Equipment
Copyrghts
Patents
Accumulated Amortization - Patents
Trademarks
Accumulated Amortization - Trademarks
Accounts Payable
Notes Payable
Accrued Expense
Interest Payable
Income Tax Payable
Short-term Bank Loan
Warranty Payable
Long-term Debt
Deferred Tax Liability
Nina Capital
Retained Earnings
Reserves
2,565,089.20
20,000.00
1,896,580.89
50,000.00
1. How much is the total cash & cash
equivalents?
2. How much is the total inventory?
3. How much is the total property,
plant & equipment?
4. How much is the total intangible
50,000.00
876,230.15
356,987.04
5,723.25
asset?
256,350.78
20,000.00
40,000.00
230,000.00
365,900.00
1,530,650.00
5. How much is the total current
asset?
6. How much is the total noncurrent
asset?
7. How much is the total current
liability?
8. How much is the total noncurrent
35,000.00
30,000.00
5,490,000.00
7,500,000.00
liability?
9. How much is the total owner's
equity?
10. How much is the ratio of the assets
1,500,000.00
6,350,980.00
1,270,196.00
5,765,900.00
1,153,180.00
to the liability?
1,000,000.00
1,000,000.00
100,000.00
1,000,000.00
100,000.00
1,365,892.98
500,000.00
55,000.00
45,980.56
225,000.00
500,000.00
250,000.00
2,000,000.00
200,000.00
13,517,714.49
10,100,980.78
3,500,000.00](https://content.bartleby.com/qna-images/question/8eae0ad6-d817-4fa2-a7da-d4e52372581a/5292b3d7-2a21-4d52-89cd-e6ff777ab58e/6ksrbel_thumbnail.jpeg)
Transcribed Image Text:On December 31, 2018, the bookkeeper of Nina Manufacturing Company provided the following
information.
Banco de Oro Account 1
Bank Overdraft Banco de Oro Account 2
Metrobank
Petty Cash Fund
Change Cash Fund
Cash Equivalents
Accounts Receivable
Allowance for Bad Debts
Notes Receivable
Accrued Interest on Notes Receivable
Factory Supplies
Raw Materials
Goods in Progress
Finished Goods
Unused Office Supplies
Prepaid Rent
Land
Building
Accumulated Depreciation Building
Furniture & Fixtures
Accumulated Depreciation - Furniture & Fixtures
Machinery & Equipment
Accumulated Depreciation - Machinery & Equipment
Copyrghts
Patents
Accumulated Amortization - Patents
Trademarks
Accumulated Amortization - Trademarks
Accounts Payable
Notes Payable
Accrued Expense
Interest Payable
Income Tax Payable
Short-term Bank Loan
Warranty Payable
Long-term Debt
Deferred Tax Liability
Nina Capital
Retained Earnings
Reserves
2,565,089.20
20,000.00
1,896,580.89
50,000.00
1. How much is the total cash & cash
equivalents?
2. How much is the total inventory?
3. How much is the total property,
plant & equipment?
4. How much is the total intangible
50,000.00
876,230.15
356,987.04
5,723.25
asset?
256,350.78
20,000.00
40,000.00
230,000.00
365,900.00
1,530,650.00
5. How much is the total current
asset?
6. How much is the total noncurrent
asset?
7. How much is the total current
liability?
8. How much is the total noncurrent
35,000.00
30,000.00
5,490,000.00
7,500,000.00
liability?
9. How much is the total owner's
equity?
10. How much is the ratio of the assets
1,500,000.00
6,350,980.00
1,270,196.00
5,765,900.00
1,153,180.00
to the liability?
1,000,000.00
1,000,000.00
100,000.00
1,000,000.00
100,000.00
1,365,892.98
500,000.00
55,000.00
45,980.56
225,000.00
500,000.00
250,000.00
2,000,000.00
200,000.00
13,517,714.49
10,100,980.78
3,500,000.00
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