4 part question with data.
Classified Balance Sheet-four (4) questions Instructions: Please prepare a Classified Balance Sheet on your scratch paper based on the following Partial Adjusted Trial Balance Use this Classified Balance Sheet to answer this question and the next three (3) questions. You will need to know the 1.) Total Current Assets, 2.) Total Long-term Assets. 3.) Total Current Liabilities and 4.) Total Stockholders' Equity to answer these four (4) questions. Question: Based on the Partial Trial Balance and Additional Info shown below, what is the amount of the Total Current Assets shown on the Classified Balance Sheet you prepared on your scratch paper? Adjusted Trial Balance December 31, 20xx Accounts Debit Credit Cash $25.124 Accounts Receivable 100.563 Inventory 40,000 Prepaid Rent 14.166 Equipment 25.000 Building 125.000 Accumulated Depreciation $ 50,000 Accounts Payable 25.124 Deferred Revenue 30,563 Current Portion Long term Debt 5.000 Long-term Debt 50.166 Bonds Payable 50.000 |Common Stock 25.000 Treasury Stock 0 Hind Earnings 25.000 Dividends 10.000 . December 31, 20xx Accounts Debit $25,124 Credit Cash 100,563 40,000 14.166 25,000 125.000 Accounts Receivable Inventory Prepaid Rent Equipment Building Accumulated Depreciation Accounts Payable Deferred Revenue Current Portion Long-term Debt Long-term Debt Bonds Payable Common Stock Treasury Stock Retained Earnings Dividends Revenue Cost of Goods Sold Salaries Expense Rent Expense Utilities Expense Depreciation Expense Interest Expense Income Tax Expense $ 50.000 25,124 30,563 5,000 50.166 50,000 25.000 0 25,000 10,000 200,124 75,124 9,000 15,000 10,000 5,000 1,000 6,000 Additional Information: Net Income After-taxes for the Accounting Period equaled $79.000 Beginning Balance of Common Stock on 1/1/20xx $25.000 Beginning Balance of Retained Earnings on 1/1/20xx $25.000 No new stock was issued during the accounting period. Fill in the blank with your calculated number. DO NOT include commas. S signs, period, decimal points, etc.. just enter the raw number. Webcourses will add commas to your answer. For example, if you calculated the answer to be $24.123 you would only input: 24123 D Question 34 4.75 pts Classified Balance Sheet Question: Based on the Classified Balance Sheet you prepared on your scratch paper, what is amount of the Total Long-term Assets shown on the Classified Balance Sheet you prepared on your scratch paper? Fall in the blank with your calculated number. DO NOT include commas. 5 signs, period, decimal points, etc, just enter the raw number Webcourses will add commes to your answer. For example, if you calculated the answer to be $24,123 you would only input 24123 Classified Balance Sheet Question: Based on the Classified Balance Sheet you prepared on your scratch paper, what is amount of the Total Current Liabilities shown on the Classified Balance Sheet you prepared on your scratch paper? Fill in the blank with your calculated number. DO NOT include commas, S signs, period. decimal points, etc., just enter the raw number. Webcourses will add commas to your answer. For example, if you calculated the answer to be $24.123 you would only input: 24123 4.75 pts Question 36 Classified Balance Sheet Question: Based on the Classified Balance Sheet you prepared on your scratch paper, what is amount the Total Stockholders' Equity shown on the Classified Balance Sheet you prepared on your scratch paper? Fill in the blank with your calculated number. DO NOT include commas. S signs, period, decimal points, etc., just enter the raw number Webcourses will add commas to your answer. For example, if you calculated the answer to be $24.123 you would only input: 24123
