Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Account Title Debits Credits Cash 77,000 Investments 142,000 Accounts receivable 76,000 Inventories 216,000 Prepaid insurance 6,000 Land 122,000 Buildings 436,000 Accumulated depreciationbuildings 116,000 Equipment 126,000

Account Title Debits Credits
Cash 77,000
Investments 142,000
Accounts receivable 76,000
Inventories 216,000
Prepaid insurance 6,000
Land 122,000
Buildings 436,000
Accumulated depreciationbuildings 116,000
Equipment 126,000
Accumulated depreciationequipment 76,000
Patents (net of amortization) 26,000
Accounts payable 107,000
Notes payable 178,000
Interest payable 36,000
Bonds payable 256,000
Common stock 348,000
Retained earnings 110,000
Totals 1,227,000 1,227,000
I am doing a Balance Sheet for this company but can not figure the marketable securities or the liabilities and shareholders equity parts to this balance sheet. Every answer I come up withis wrong. Getting very frustrated on hiw to prepare this. could someone give me examples on how to figure these out please and thank you

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

Guidelines For Laboratory Quality Auditing

Authors: Donald C. Singer, Ronald P. Upton

1st Edition

0824787846, 978-0824787844

More Books

Students also viewed these Accounting questions

Question

List the functional consequences of PTSD.

Answered: 1 week ago