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Arrange the following items in proper balance sheet presentation: (Be sure to list the assets and liabilities in order of their liquidity. Input all amounts
Arrange the following items in proper balance sheet presentation: (Be sure to list the assets and liabilities in order of their liquidity. Input all amounts as positive values.) |
Accumulated depreciation | $ | 334,000 |
Retained earnings | 50,000 | |
Cash | 19,000 | |
Bonds payable | 230,000 | |
Accounts receivable | 57,000 | |
Plant and equipmentoriginal cost | 750,000 | |
Accounts payable | 40,000 | |
Allowance for bad debts | 12,000 | |
Common stock, $1 par, 100,000 shares outstanding | 100,000 | |
Inventory | 73,000 | |
Preferred stock, $55 par, 1,000 shares outstanding | 55,000 | |
Marketable securities | 24,000 | |
Investments | 23,000 | |
Notes payable | 36,000 | |
Capital paid in excess of par (common stock) | 89,000 | |
Balance Sheet | ||||
Assets | Liabilities and Stockholders Equity | |||
Current Assets: | Current Liabilities: | |||
(Click to select)Plant and equipmentAccounts payableInvestmentsCashAccumulated depreciation | $ | (Click to select)Accounts payableCashNotes payableBonds payableMarketable securities | $ | |
(Click to select)InvestmentsMarketable securitiesAccounts payablePlant and equipmentPreferred stock | (Click to select)Accounts payableBonds payablePreferred stockNotes payableCommon stock | |||
(Click to select)InvestmentsPlant and equipmentBonds payableRetained earningsAccounts receivable | $ | |||
(Click to select)Less: Allowance for bad debtsPlant and equipmentInvestmentsLess: Accumulated depreciationInventory | Total current liabilities | $ | ||
Long-term liabilities | ||||
Net accounts receivable | (Click to select)Capital paid in excess of parPreferred stockCommon stockBonds payableRetained earnings | |||
(Click to select)CashPlant and equipmentInventoryLess: Accumulated depreciationInvestments | ||||
Total current assets | $ | Total liabilities | $ | |
Other Assets: | Stockholders Equity: | |||
(Click to select)InvestmentsInventoryLess: Allowance for bad debtsCashLess: Accumulated depreciation | (Click to select)Plant and equipmentBonds payableCommon stockNotes payablePreferred stock | $ | ||
Fixed assets: | (Click to select)Bonds payablePreferred stockPlant and equipmentCommon stockNotes payable | |||
(Click to select)Accounts receivableInvestmentsCashPlant and equipmentMarketable securities | $ | (Click to select)Accounts payableLess: Allowance for bad debtsBonds payableLess: Accumulated depreciationCapital paid in excess of par | ||
(Click to select)Accounts receivableLess: Allowance for bad debtsBonds payableMarketable securitiesLess: Accumulated depreciation | (Click to select)Accounts receivableAccounts payableCashRetained earningsBonds payable | |||
Net plant and equipment | Total stockholders equity | $ | ||
Total assets | $ | Total liabilities and stockholders equity | $ | |
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