Prepare a classified balance sheet as of December 31, 2022Cash49104 Accounts Receivable44880 Inventory19976 Land57200 Buildings83600 Equipment35200 Accumulated Dep-Buildings 29040Accumulated Dep-Equipment 15840Account Payable 16984Interest Payable 4400Dividends Payable 5900Unearned Rent Revenue 1760Bonds Payable 44000Preferred Stock 17600Paid-in Capital in Excess of Par-Preferred Stock 1760Common Stock 35200Paid-in Capital in Excess of Par-Common Stock 16720Retained Earnings 66044Treasury Stock12936 Cash Dividends 5940 Sales Revenue 501600Rent Revenue 5280Bad Debt Expense4092 Interest Expense 4400 Cost of Goods Sold352000 Depreciation Expense5808 Other Operating Expenses34320 Salaries and Wages Expenses57200 766656766656

There is a difference of $ 4528 between the debit and credit side of the given Trial balance. Hence,…

Answered: Prepare a classified balance sheet as…

Business

Accounting

Prepare a classified balance sheet as of December 31, 202

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 10MC

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Use the following data to determine the total dollar amount of assets to be classified as current assets Bramble Corp. Balance Sheet December 31, 2022 Cash $129000 Accounts payable $158500 Salaries and wages Accounts receivable 121300 33200 payable Inventory 207000 Note payable (due 2025) 268000 Short-term investments 85400 Total liabilities $459700 Land (held for future use) 255500 Land 282000 Buildings Common stock Less: Accumulated depreciation 271400 Retained earnings Franchise 203600 Total stockholders equity. Total liabilities and stockholders Total assets $1555200 equity O $335700 Ⓒ$798200 Ⓒ51001800 O $542700 $335000 (63600) $355000 740500 $1095500 $1555200
The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows:Dec 31 20Y9 Dec 31 20Y8ASSETSCash $ 70,720 $ 47,940Accounts Receivable 207,230 188,190Inventories 298,520 289,850Investments - 102,000Land 295,800 -Equipment 438,600 358,020Accumulated Depreciation-Equipment (99,110) (84,320)Total Assets $ 1,211,760 $ 901,680LIABILITIES AND STOCKHOLDERS' EQUITYAccounts Payable $ 205,700 $ 194,140Accrued Expenses Payable (operating expenses) 30,600 26,860Dividends Payable 25,500 20,400Common Stock, $1 par 202,000 102,000Paid-in Capital; Excess of issue price over par-common stock 354,000 204,000Retained Earnings 393,960 354,280Total Liabilities and Stockholders Equity: $ 1,211,760 $ 901,680Additional data obtained from an examination of the accounts in the ledger for 20Y9 are as follows:A. Equipment and land were acquired for cashB. There were no disposals of equipment during the year.C. The investments were sold for $91,800 cash.D. The common stock was…
Help | System Announcements Balance Sheet As of 12/31/19 Assets: Liabilities and Equity: Cash and marketable securities $28,987 Accounts payable and accruals $154,807 Accounts receivable $142,845 Short-term notes payable $21,639 Inventory $212,722 Total current liabilities $176,446 Total current assets $384,554 Long term debt $155,510 Net plant and equipment $602,309 Total liabilities $331,956 Goodwill and cther assets $42,422 Common stock $314,932 Retained earnings $382,397 Total assets $1,029,285 Total liabilities and equity $1,029,285 In addition, it was reported that the firm had a net income of: $158,531 and net sales of: $4,338,283 Calculate the following ratios for this firm (Use 365 days for calculation. Round answers to 2 decimal places, e.g. 52.75.): Current Ratio times Quick Ratio times Average Collection Period days Total Asset Turnever times Fixed Asset Turnover times Question
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bartleby, a Learneo, Inc. business

Cash	49104
Accounts Receivable	44880
Inventory	19976
Land	57200
Buildings	83600
Equipment	35200
Accumulated Dep-Buildings		29040
Accumulated Dep-Equipment		15840
Account Payable		16984
Interest Payable		4400
Dividends Payable		5900
Unearned Rent Revenue		1760
Bonds Payable		44000
Preferred Stock		17600
Paid-in Capital in Excess of Par-Preferred Stock		1760
Common Stock		35200
Paid-in Capital in Excess of Par-Common Stock		16720
Retained Earnings		66044
Treasury Stock	12936
Cash Dividends	5940
Sales Revenue		501600
Rent Revenue		5280
Bad Debt Expense	4092
Interest Expense	4400
Cost of Goods Sold	352000
Depreciation Expense	5808
Other Operating Expenses	34320
Salaries and Wages Expenses	57200
	766656	766656