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8 L Required: 5 . Prepare a classified balance sheet at December 3 1 of the current year. Part 3 of 4 Required information [
Required: Prepare a classified balance sheet at December of the current year. Part of Required information The following information applies to the questions displayed below. Jaguar Plastics Company has been operating for three years. At December of last year, the accounting records reflected the following: During the current year, the company had the following summarized activities: a Purchased shortterm investments for $ cash. b Lent $ to a supplier, who signed a twoyear note. c Leased equipment that cost $; paid $ cash and signed a fiveyear rightofuse lease for the balance. d Hired a new president at the end of the year. The contract was for $ per year plus options to purchase company stock at a set price based on company performance. The new president begins her position on January of next year. e Issued an additional shares of $ par value common stock for $ cash. f Borrowed $ cash from a local bank, payable in three months. g Purchased a patent an intangible asset for $ cash. h Built an addition to the factory for $; paid $ in cash and signed a threeyear note for the balance. i Returned defective equipment to the manufacturer, receiving a cash refund of $ Required: Prepare a classified balance sheet at December of the current year. Part of I I Part of points Skipped eBook Print References Required information Part of points Skipped Required information eBook Print References
Required:
Prepare a classified balance sheet at December of the current year.
Part of Required information
The following information applies to the questions displayed below.
Jaguar Plastics Company has been operating for three years. At December of last year, the accounting records
reflected the following:
During the current year, the company had the following summarized activities:
a Purchased shortterm investments for $ cash.
b Lent $ to a supplier, who signed a twoyear note.
c Leased equipment that cost $; paid $ cash and signed a fiveyear rightofuse lease for the balance.
d Hired a new president at the end of the year. The contract was for $ per year plus options to purchase
company stock at a set price based on company performance. The new president begins her position on January
of next year.
e Issued an additional shares of $ par value common stock for $ cash.
f Borrowed $ cash from a local bank, payable in three months.
g Purchased a patent an intangible asset for $ cash.
h Built an addition to the factory for $; paid $ in cash and signed a threeyear note for the balance.
i Returned defective equipment to the manufacturer, receiving a cash refund of $
Required:
Prepare a classified balance sheet at December of the current year.
Part of
I
I
Part of
points
Skipped
eBook
Print
References
Required information Part of
points
Skipped
Required information
eBook
Print
References
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