Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Balance sheet. From the following balance sheet accounts in the popup window, Balance Sheet Accounts of Roman Corporation Account 12/31/2016 12/31/2017 Accumulated depreciation $2,020 $2,660

Balance sheet. From the following balance sheet accounts in the popup window,

Balance Sheet Accounts of Roman Corporation

Account

12/31/2016 12/31/2017

Accumulated depreciation

$2,020 $2,660

Accounts payable

$1,802 $2,064

Accounts receivable

$2,471 $2,700

Cash

$1,310 $1,194

Common stock

$4,984 $4,984

Inventory

$5,798 $6,040

Long-term debt

$7,808 $8,190

Plant, property, and equipment

$8,392 $9,203

Retained earnings

$1,357 $1,239

,a. construct a balance sheet for

2016

and

2017.

b. list all the working capital accounts.

c. find the net working capital for the years ending

2016

and

2017.

d. calculate the change in net working capital for the year

2017.

a. construct a balance sheet for

2016

and

2017.

Complete the balance sheet for

2016

below:(Round to the nearest dollar.)

Roman Corporation

Balance Sheet as of December 31, 2016, and December 31, 2017

ASSETS

2016

2017

LIABILITIES

2016

2017

Current assets

Current liabilities

$

$

$

Total current liabilities

$

$

$

Total current assets

$

Total liabilities

$

Fixed assets

OWNERS EQUITY

$

$

$

$

$

Total owners equity

$

TOTAL LIABILITIES AND

TOTAL ASSETS

$

OWNERS EQUITY

$

Choose from any list or enter any number in the input fields and then click Check Answer.

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

Step: 3

blur-text-image

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

Auditing And Assurance Services

Authors: David Ricchiute

7th Edition

0324117760, 978-0324117769

More Books

Students also viewed these Accounting questions

Question

=+ (d) Show that \, (He 0) =0 and A*(H) =1.

Answered: 1 week ago