AutoSave AA 2 O... Experiential Assignment #1 1 Developer Tell me Home Insert Draw Page Layout Formulas Data Review View Share Comments Calibri (Body) v 11 ~ Al A 92 a Wraa Text Custom v X LG 12-07 SB V LIX V () Paste B 1 Uy - y A = = - - Merge & Center Insert Delete Format Conditional Format Cell Formatting as Table Styles v Sort & Filter Find Select Analyze Data G52 + x D F G H 1 M N 0 P Q R S T u Sales revenue 3 Belmont Inc has been in business for several years. Belmont follows IFRS and has a December 31 year end. The following adjusted and comparative amounts have been provided to you. Assume that all accounts have normal balances 6 Y4 REQUIRED for Y4 only) IN GOOD FORM: 136,200 86,500 1. Prepare a multi-step statement of comprehensive income the weighted average number of common steres outstanding is 50,000 shares 9 Accounts receivable 163,500 105,000 2. Prepare a statement of charge in shareholders uity. 10 Allowance for doubtful accounts 12.000 11.000 3. Prepare a classifica statement of financial position 1. Prepa dinsurance 19,000 15,000 4. Prepare a statement of cash flow indirect method 12 Inventary 118,300 126,000 5. Prepare detailed that you al are appropriate nate to the financial statements for inventary AND property plant and equipment only. HINT-you should ar pare notes 13 FV OCI Investments 105,000 97.000 14 Land 320,000 320,000 C 15 Building 550,000 550,000 16 Accumulated Depreciation Building 165.000 151.250 17 Lquipment 335,000 350,000 18 Accumulated Depreciation - Equipment 201,000 175,000 19 Accounts payable 98,500 106.000 20 Notes payable (due in Y) 100,000 100,000 21 Bonds payable due in YR! 475,000 420,000 22 Common shares 260,000 200.000 23 Hetainer warnings 354,750 370,000 24 Accumulated other comprensive income 1,500 1,500 25 1.006.000 1.190.500 26 Gain on sale of exuipmen 1,400 27 Linrealized gain - Investments 8,000 28 Cost of goods sold 587,400 706,500 29 Deprecation experse 48,750 48,750 30 WAGs opens 246,000 264,000 3: Utility expense 5.200 6.000 32 Administration expense 26,400 29,000 33 Advertising expense 21,400 21,500 34 35 36 37 Other important Information: 38 1. Equipment costing $15,000 that was 60% depreciated was sold and resulted in again. There were no purchases anc no uther sales of equipment. 30 2. Dividends were declared and paid during the year 40 3. Common shares were issued for cash 42 4. Inventory is valued using the lower-of-cost or market and with FIFO. 42 5. The company has a variety of fixed assets and leareciation is on the straight-line basis 43 buildings are depreciated over 20 years, uipment is deprecated between 8 12 years. 44 45 POINTS REQUIRED for Y4 only IN GOOD FORM: First Thing Version 1 Version 2 Version 3 Version 4 Version 5 + Select destination and press ENTER or cheese Paste + 100% o AutoSave AA 2 O... Experiential Assignment #1 1 Developer Tell me Home Insert Draw Page Layout Formulas Data Review View Share Comments Calibri (Body) v 11 ~ Al A 92 a Wraa Text Custom v X LG 12-07 SB V LIX V () Paste B 1 Uy - y A = = - - Merge & Center Insert Delete Format Conditional Format Cell Formatting as Table Styles v Sort & Filter Find Select Analyze Data G52 + x D F G H 1 M N 0 P Q R S T u Sales revenue 3 Belmont Inc has been in business for several years. Belmont follows IFRS and has a December 31 year end. The following adjusted and comparative amounts have been provided to you. Assume that all accounts have normal balances 6 Y4 REQUIRED for Y4 only) IN GOOD FORM: 136,200 86,500 1. Prepare a multi-step statement of comprehensive income the weighted average number of common steres outstanding is 50,000 shares 9 Accounts receivable 163,500 105,000 2. Prepare a statement of charge in shareholders uity. 10 Allowance for doubtful accounts 12.000 11.000 3. Prepare a classifica statement of financial position 1. Prepa dinsurance 19,000 15,000 4. Prepare a statement of cash flow indirect method 12 Inventary 118,300 126,000 5. Prepare detailed that you al are appropriate nate to the financial statements for inventary AND property plant and equipment only. HINT-you should ar pare notes 13 FV OCI Investments 105,000 97.000 14 Land 320,000 320,000 C 15 Building 550,000 550,000 16 Accumulated Depreciation Building 165.000 151.250 17 Lquipment 335,000 350,000 18 Accumulated Depreciation - Equipment 201,000 175,000 19 Accounts payable 98,500 106.000 20 Notes payable (due in Y) 100,000 100,000 21 Bonds payable due in YR! 475,000 420,000 22 Common shares 260,000 200.000 23 Hetainer warnings 354,750 370,000 24 Accumulated other comprensive income 1,500 1,500 25 1.006.000 1.190.500 26 Gain on sale of exuipmen 1,400 27 Linrealized gain - Investments 8,000 28 Cost of goods sold 587,400 706,500 29 Deprecation experse 48,750 48,750 30 WAGs opens 246,000 264,000 3: Utility expense 5.200 6.000 32 Administration expense 26,400 29,000 33 Advertising expense 21,400 21,500 34 35 36 37 Other important Information: 38 1. Equipment costing $15,000 that was 60% depreciated was sold and resulted in again. There were no purchases anc no uther sales of equipment. 30 2. Dividends were declared and paid during the year 40 3. Common shares were issued for cash 42 4. Inventory is valued using the lower-of-cost or market and with FIFO. 42 5. The company has a variety of fixed assets and leareciation is on the straight-line basis 43 buildings are depreciated over 20 years, uipment is deprecated between 8 12 years. 44 45 POINTS REQUIRED for Y4 only IN GOOD FORM: First Thing Version 1 Version 2 Version 3 Version 4 Version 5 + Select destination and press ENTER or cheese Paste + 100% o