A B C D E BALANCE SHEETS G H 1 Benchmark 3 June Assets Curses Cash and catch events Short west To cash, cash, and then we Acous receivable to awance for 5411 and 1 mes Quick Ratio Cash+ST Investments Net AR Current liabilities >1 6 Obe 111.356 11.05 122453 121.22 133,819 133 29.524 2641 2003 26 10.146 6.75 175, 36,411 7. 2440 16 42 35118 7.750 3053 14.723 22 5 2066 2534 Days Sales in Receivable- Avg Net AR Net Sales/365 days Is Microsoft's liquidity and collection of AR better or worse than Apple? 8 Total Property and mental condiale dei SS.330529223 9 Operes Eu estets 10 Goodwill intang 11 Org Totale 12 13 Liabilis and stockholders 14 A avale Com 15 Actores Shoes Store 16 Oh 5 BIT 9.35 5.50 15 12.6 9. D G 28.905 874 H 16 Short-term unearned revenue Other 17 Total current is Long-term debt 18 Long term income taxes Long term uneamed revenue 19 Deferred Income Operating losse abilities 20 the long to be 21 Total sabates 22 32,676 9,351 69420 66,662 29,612 72,242 20265 2015 23 6.188 2,541 5.560 21 1761 180 23 INCOME STATEMENTS in millioncept per share am 24 25 26 27 28 2019 2018 Year Ended June 10, Rev Product $ 66,00 59,774 125,843 Service and the Toeven 45 29 30 31 Clipboard Font Alignment N6 B 15 15 A 1 Chapter 9 Part II In Class Notes Receivable 2 1 3 Prepare journal entries of Garden Company. The year-end is Dec. 31. 4 On November 15, 2020, Garden Company agreed to accept $500 in cash and 5 a $2,000, 90-day, 8% note from Argo Company to settle its $2,500 past-due 6 account. Determine the maturity date and record the entry on 7 November 15, on December 31, and on the date of maturity. 8 9 Days in November 30 10 Minus: days of Note 11 Days remaining in November 12 Add: days in December 31 13 46 14 Add: days in January 31 15 16 Add: days in February (days to equal to 90) 17 90 18 Maturarity date 19 20 2 21 Garden Company held an $1,800, 6%, 45-day note of Altamira Industries. 22 At maturity, December 15, Altamira dishonoured the note. Notes Receivable Apple Demo Microsoft Google Fe in D Dec THE Type here to search Font LA Alignment N6 .. B C 8 9 Days in November 30 10 Minus: days of Note 15 11 Days remaining in November 15 12 Add: days in December 31 13 46 14 Add: days in January 31 15 77 16 Add: days in February (days to equal to 90) 90 18 Maturarity date 19 20 2 21 Garden Company held an $1,800, 6%, 45-day note of Altamira Industries. 22 At maturity, December 15, Altamira dishonoured the note. 23 Record the dishonouring of the Note Receivable. 24 17 D 2 2 5 6 27 28 29 Notes Receivable Apple Demo Microsoft Google A B C D E BALANCE SHEETS G H 1 Benchmark 3 June Assets Curses Cash and catch events Short west To cash, cash, and then we Acous receivable to awance for 5411 and 1 mes Quick Ratio Cash+ST Investments Net AR Current liabilities >1 6 Obe 111.356 11.05 122453 121.22 133,819 133 29.524 2641 2003 26 10.146 6.75 175, 36,411 7. 2440 16 42 35118 7.750 3053 14.723 22 5 2066 2534 Days Sales in Receivable- Avg Net AR Net Sales/365 days Is Microsoft's liquidity and collection of AR better or worse than Apple? 8 Total Property and mental condiale dei SS.330529223 9 Operes Eu estets 10 Goodwill intang 11 Org Totale 12 13 Liabilis and stockholders 14 A avale Com 15 Actores Shoes Store 16 Oh 5 BIT 9.35 5.50 15 12.6 9. D G 28.905 874 H 16 Short-term unearned revenue Other 17 Total current is Long-term debt 18 Long term income taxes Long term uneamed revenue 19 Deferred Income Operating losse abilities 20 the long to be 21 Total sabates 22 32,676 9,351 69420 66,662 29,612 72,242 20265 2015 23 6.188 2,541 5.560 21 1761 180 23 INCOME STATEMENTS in millioncept per share am 24 25 26 27 28 2019 2018 Year Ended June 10, Rev Product $ 66,00 59,774 125,843 Service and the Toeven 45 29 30 31 Clipboard Font Alignment N6 B 15 15 A 1 Chapter 9 Part II In Class Notes Receivable 2 1 3 Prepare journal entries of Garden Company. The year-end is Dec. 31. 4 On November 15, 2020, Garden Company agreed to accept $500 in cash and 5 a $2,000, 90-day, 8% note from Argo Company to settle its $2,500 past-due 6 account. Determine the maturity date and record the entry on 7 November 15, on December 31, and on the date of maturity. 8 9 Days in November 30 10 Minus: days of Note 11 Days remaining in November 12 Add: days in December 31 13 46 14 Add: days in January 31 15 16 Add: days in February (days to equal to 90) 17 90 18 Maturarity date 19 20 2 21 Garden Company held an $1,800, 6%, 45-day note of Altamira Industries. 22 At maturity, December 15, Altamira dishonoured the note. Notes Receivable Apple Demo Microsoft Google Fe in D Dec THE Type here to search Font LA Alignment N6 .. B C 8 9 Days in November 30 10 Minus: days of Note 15 11 Days remaining in November 15 12 Add: days in December 31 13 46 14 Add: days in January 31 15 77 16 Add: days in February (days to equal to 90) 90 18 Maturarity date 19 20 2 21 Garden Company held an $1,800, 6%, 45-day note of Altamira Industries. 22 At maturity, December 15, Altamira dishonoured the note. 23 Record the dishonouring of the Note Receivable. 24 17 D 2 2 5 6 27 28 29 Notes Receivable Apple Demo Microsoft Google