Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

5 Balance Sheet Assets Check my work 10 points eBook Current assets Hint References Total assets Liabilities Current liabilities Total liabilities Total liabilities &

image text in transcribedimage text in transcribedimage text in transcribed

5 Balance Sheet Assets Check my work 10 points eBook Current assets Hint References Total assets Liabilities Current liabilities Total liabilities Total liabilities & owners' equity 5 10 points Prepare a balance sheet for Alaskan Peach Corporation as of December 31, 2022, based on the following information: cash = $203,000; patents and copyrights $857,000; accounts payable = $286,000; accounts receivable = $263,000; tangible net fixed assets = $5,200,000; inventory = $548,000; notes payable = $179,000; accumulated retained earnings = $4,686,000; long-term debt = $1,150,000. Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. eBook Hint References Accounts payable Balance Sheet Assets Accounts receivable Accumulated retained earnings Cash Common stock Total assets Current liabilities Liabilities 5 10 points Prepare a balance sheet for Alaskan Peach Corporation as of December 31, 2022, based on the following information: cash = $203,000; patents and copyrights $857,000; accounts payable = $286,000; accounts receivable = $263,000; tangible net fixed assets = $5,200,000; inventory = $548,000; notes payable = $179,000; accumulated retained earnings = $4,686,000; long-term debt = $1,150,000. Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. eBook Hint References Accounts payable Balance Sheet Assets Accounts receivable Accumulated retained earnings Cash Common stock Total assets Current liabilities Liabilities

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: kieso, weygandt and warfield.

14th Edition

9780470587232, 470587288, 470587237, 978-0470587287

More Books

Students also viewed these Accounting questions

Question

7.9 What is industry analysis, and why is it important?

Answered: 1 week ago