BE5-5, BE5-7, BE5-10

awo das to foemet be to onBrief Exercises 239 ing the accounts in proper sequence. Dubtal Accounts $4,000, and Equity Investments (trading) $11,000. Prepare the current assets section of the balance sheet, list- BES-3 (LO3) Included in Outkast Company's December 31, 2017, trial balance are the following accounts: Prepaid Rent 5200 Debt Investments (to be held to maturity until 2020) $56,000, Unearned Fees $17,000, Land (held for investment) $39,000, nd Notes Receivable (long-term) $42,000. Prepare the long-term investments section of the balance sheet. BE5-4 (LO3) Lowell Company's December 31, 2017, trial balance includes the following accounts: Inventory $120,000, Build- ngs $207,000, Accumulated Depreciation-Equipment $19,000, Equipment $190,000, Land (held for investment) $46,000, Accu- rolated Depreciation-Buildings $45,000, Land $71,000, and Timberland $70,000. Prepare the property, plant, and equipment ed nhe etion of the balance sheet, BE5-5 (LO3) Crane Corporation has the following accounts included in its December 31, 2017, trial balance: Equity Invest- rs (trading) $21,000, Goodwill $150,000, Prepaid Insurance $12,000, Patents $220,000, and Franchises $130,000. Prepare the tangible assets section of the balance sheet. inl ( d nd BES-6 L03) Patrick Corporation's adjusted trial balance contained the following asset accounts at December 31, 2017: Pre- paid Rent $12,000, Goodwill $50,000, Franchise Fees Receivable $2,000, Franchises $47,000, Patents $33,000, and Trademarks $10,000. Prepare the intangible assets section of the balance sheet. BES-7 (L03) Thomas Corporation's adjusted trial balance contained the following liability accounts at December 31, 2017: nds Payable (due in 3 years) $100,000, Accounts Payable $72,000, Notes Payable (due in 90 days) $22,500, Salaries and Wages Payable $4,000, and Income Taxes Payable $7,000. Prepare the current liabilities section of the balance sheet. BE5-8 (L03) Included in Adams Company's December 31, 2017, trial balance are the following accounts: Accounts Payable 5220 000, Pension Liability $375,000, Discount on Bonds Payable $29,000, Unearned Rent Revenue $41,000, Bonds Payable S40,000, Salaries and Wages Payable $27,000, Interest Payable $12,000, and Income Taxes Payable $29,000. Prepare the current lies section of the balance sheet. oids inuco 6 bluo'w tetnottne o bani BES-9 (LO3) Use the information presented in BE5-8 for Adams Company to prepare the long-term liabilities section of th lance sheet trial balance contained the following accounts at December 31, 2011 in Excess of Par-Common Stoe MO0, but rovided account t p13,00U, ERuBellt 3190,000, LTIu (iLIu 1Ol muUmet AU,000,P malated Depreciation-Buildings $45,000, Land $71,000, and Timberland $70,000. Prepare the property, plant, and equipment aon of the balance sheet BES-S (LO3) Crane Corporation has the following accounts included in its December 31, 2017, trial balance: Equity Invest- intnganie assets section of the balance sheet. nts (trading) $21,000, Goodwill $150,000, Prepaid Insurance $12,000, Patents $220,000, and Franchises $130,000. Prepare the 5E5-8 LO3) Patrick Corporation's adjusted trial balance contained the following asset accounts at December 31, 2017: Pre- paid Rent $12,000, Goodwill $50,000, Franchise Fees Receivable $2,000, Franchises $47,000, Patents $33,000, and Trademarks n S20700All g activ n prepar- item is hat net Prepare the intangible assets section of the balance sheet. BE5-7 (L03) Thomas Corporation's adjusted trial balance contained the following liability accounts at December 31, 2017: nds Payable (due in 3 years) $100,000, Accounts Payable $72,000, Notes Payable (due in 90 days) $22,500, Salaries and Wages Pyable $4,000, and Income Taxes Payable $7,000. Prepare the current liabilities section of the balance sheet. o BES-8 (LO3) Included in Adams Company's December 31, 2017, trial balance are the following accounts: Accounts Payable 000 Pension Liability $375,000, Discount on Bonds Payable $29,000, Unearned Rent Revenue $41,000, Bonds Payable H0000, Salaries and Wages Payable $27,000, Interest Payable $12,000, and Income Taxes Payable $29,000. Prepare the current 39,000 k with 15 per I bond slties section of the balance sheet od bluoveas oe b ot bani BE5-9 (LO3) Use the information presented in BE5-8 for Adams Company to prepare the long-term liabilities section of the oleities) blance sheet BES-10 (LO3) Hawthorn Corporation's adjusted trial balance contained the following accounts at December 31, 2017: dained Earnings $120,000, Common Stock $750,000, Bonds Payable $100,000, Paid-in Capital in Excess of Par-Common Stock cn 00, Goodwill $55,000, Accumulated Other Comprehensive Loss $150,000, and Noncontrolling Interest $35,000. Prepare the ackholders' equity section of the balance sheet. ties of od are 0,000. bility BES-11 (L03) Stowe Company's December 31, 2017, trial balance includes the following accounts: Investment in Common Stock $70,000, Retained Earnings $114,000, Trademarks $31,000, Preferred Stock $152,000, Common Stock $55,000, Deferred home Taxes $88,000, Paid-in Capital in Excess of Par-Common Stock $174,000, and Noncontrolling Interest $63,000. Prepare bhe stockholders' equity section of the balance sheet. 0,000 pro- i also divi- s free dioibe BES-12 (L05) Keyser Beverage Company reported the following items in the most recent year. sll lo sule liwboo Net income Dividends paid Increase in accounts receivable Increase in accounts payable Purchase of equipment (capital expenditure) Depreciation expense oa $40,000 5,000 10,000 7,000 8,000 4,000 20,000 r the es"? Osed able