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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