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answer only without explanation The following is the ending baiances of accounts at December 31, 2024, for the Weismuller Publishing Company. Additional information: 1. Prepaid
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The following is the ending baiances of accounts at December 31, 2024, for the Weismuller Publishing Company. Additional information: 1. Prepaid expenses include $160,000 paid on December 31, 2024, for two year of rent on the building that houses both the administrative offices and the manufacturing facility. 2. Investments include $50,000 in Treasury bills purchased on November 30,2024 . The bills mature on January 30,2025 : The remaining $130,000 is an investment in equity securities that the company intends to sell in the next year. 3. Deferred revenue represents customer prepayments for subscriptions, Subscriptions are for periods of one year or less. 4. The notes payable account consists of the following: a. a $60.000 note due in six months. 3. Deferred revenue represents customer in equity securities that the company intends to sell in the next year. 4. The notes payable account consists of the followits for subscriptions. Subscriptions are for periods of one year or less. a. a $60,000 note due in six months. b. a $141,000 note due in six years. c. a $99,000 note due in three annual installments of $33,000 each, with the next installment due August 31,2025 . 5. The common stock account represents 420,000 shares of no par value common stock issued and outstanding. The corporation has 840,000 shares authorized. Required: Prepare a classified balanced sheet for the Weismuller Publishing Company at December 31,2024. Note: Amounts to be deducted should be indicated by a minus sign. Accounts payable Accounts receivable Accrued liabilities Accumulated depreciation Current assets: Accumulated depreciation Additional paid-in capital Allowance for uncollectible accounts Bonds payable Buildings Assets Current assets: Cash and cash equivalents Common stock Deferred revenue Depreciation expense Equipment Assets Current assets: Finished goods Furniture and fixtures Income taxes payable Interest expense Interest payable Interest receivable Inventory Investment in equity securities Land Long-term investments Current assets: Mortgage payable Notes payable (current maturities of long-term debt) Notes payable (current) Notes payable (long-term) Notes receivable Notes receivable Operating expenses Patent Prepaid expenses Restricted cash Datainnd anwninnr Prepaid expenses Restricted cash Retained earnings Salaries payable Work in process Step by Step Solution
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