Using the following information, prepare a properly classified Statement of Financial Position for Rabbi’s Company as of December 31, 2020 under: Account Form 1. ACCRUALS AND OTHER CURRENT LIABILITIES 125,890.00 2. BONDS PAYABLE 5,000,000.00 3. CASH AND CASH EQUIVALENTS 2,500,000.00 4. CURRENT INCOME TAX PAYABLE 589,660.00 5. INTANGIBLE ASSETS, NET 2,654,700.00 6. INVESTMENT IN ASSOCIATE 1,890,600.00 7. INVESTMENT IN PROPERTY 1,968,740.00 8. INVESTMENT IN EQUITY SECURITIES 3,650,000.00 9. LONG-TERM NOTES PAYABLE 2,000,000.00 10.MERCHANDISE INVENTORY 2,789,000.00 11.OFFICE AND STORE SUPPLIES 400,000.00 12.OTHER NON-CURRENT ASSET 600,000.00 13.OTHER NON-CURRENT LIABILITIES 750,000.00 14.OWNER’SEQUITY 18,211,250.00 15.PROPERTY PLANT AND EQUIPMENT NET 9,856,250.00 16.PREPAID EXPENSES 385,000.00 17.SHORT TERM NOTES PAYABLE 320,000.00 18.TRADE AND OTHER PAYABLES 1,562,890.00 19.TRADE AND OTHER RECEIVABLES 1,865,000.00
Using the following information, prepare a properly classified Statement of Financial Position for Rabbi’s Company as of December 31, 2020 under:
Account Form
|
1. ACCRUALS AND OTHER CURRENT LIABILITIES |
125,890.00 |
|
2. BONDS PAYABLE |
5,000,000.00 |
|
3. CASH AND CASH EQUIVALENTS |
2,500,000.00 |
|
4. CURRENT INCOME TAX PAYABLE |
589,660.00 |
|
5. INTANGIBLE ASSETS, NET |
2,654,700.00 |
|
6. INVESTMENT IN ASSOCIATE |
1,890,600.00 |
|
7. INVESTMENT IN PROPERTY |
1,968,740.00 |
|
8. INVESTMENT IN EQUITY SECURITIES |
3,650,000.00 |
|
9. LONG-TERM NOTES PAYABLE |
2,000,000.00 |
|
10.MERCHANDISE INVENTORY |
2,789,000.00 |
|
11.OFFICE AND STORE SUPPLIES |
400,000.00 |
|
12.OTHER NON-CURRENT ASSET |
600,000.00 |
|
13.OTHER NON-CURRENT LIABILITIES |
750,000.00 |
|
14.OWNER’SEQUITY |
18,211,250.00 |
|
15.PROPERTY PLANT AND EQUIPMENT NET |
9,856,250.00 |
|
16.PREPAID EXPENSES |
385,000.00 |
|
17.SHORT TERM NOTES PAYABLE |
320,000.00 |
|
18.TRADE AND OTHER PAYABLES |
1,562,890.00 |
|
19.TRADE AND OTHER RECEIVABLES |
1,865,000.00 |
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