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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 Соруrghts 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 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 asset? 50,000.00 50,000.00 876,230.15 356,987.04 5,723.25 256,350.78 20,000.00 40,000.00 230,000.00 365,900.00 1,530,650.00 35,000.00 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 liability? 9. How much is the total owner's 30,000.00 5,490,000.00 7,500,000.00 1,500,000.00 6,350,980.00 1,270,196.00 5,765,900.00 equity? 10. How much is the ratio of the assets to the liability? 1,153,180.00 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

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 Соруrghts 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 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 asset? 50,000.00 50,000.00 876,230.15 356,987.04 5,723.25 256,350.78 20,000.00 40,000.00 230,000.00 365,900.00 1,530,650.00 35,000.00 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 liability? 9. How much is the total owner's 30,000.00 5,490,000.00 7,500,000.00 1,500,000.00 6,350,980.00 1,270,196.00 5,765,900.00 equity? 10. How much is the ratio of the assets to the liability? 1,153,180.00 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

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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PREPARE THE STATEMENT OF FINANCIAL POSITION / BALANCE SHEET

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
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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