FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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
expand button
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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