Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Blance Sheet as of December 30, 2021 and 2022 Assets Cash Accounts Receivables Inventory Other Current Assets Total Current Assets Plant and equipment Accumulated depreciation

Blance Sheet as of December 30, 2021 and 2022 Assets Cash Accounts Receivables Inventory Other Current Assets Total Current Assets Plant and equipment Accumulated depreciation Net Plant and equipment Total Assets Common Size Balance Sheet Assets Cash Accounts Receivables Inventory Other Current Assets Total Current Assets Plant and equipment Accumulated depreciation Net Plant and equipment Total Assets 2021 27,000.00 24,000.00 10,500.00 13,500.00 13,000.00 8,375.00 50,500.00 45,875.00 50,000.00 50,000.00 -5,000.00 -7,500.00 45,000.00 42,500.00 2022 95,500.00 88,375.00 2021 0% 0% 0% 2022 0% 0% 0% Liability & Stock Holders Equity Accounts payable Accrude Expenses Total Current Liability Long Term Dept Total Liability Common Stock Par Value Paid In Capital Retained Earnings Total Common Stock Holders Equity Total Liability & Stock Holders Equity Liability & Stock Holders Equity Accounts payable Accrude Expenses Total Current Liability Long Term Dept Total Liability Common Stock Par Value Paid In Capital Retained Earnings Total Common Stock Holders Equity Total Liability & Stock Holders Equity 2021 7,500.00 9,500.00 4,400.00 3,000.00 11,900.00 12,500.00 45,000.00 40,000.00 45,000.00 40,000.00 15.00 15.00 30,000.00 30,000.00 8,600.00 5,875.00 38,600.00 35,875.00 2022 95,500.00 88,375.00 2021 0% 0% 0% 0% 2022 0% 0% 0% 0%
image text in transcribed
\begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{3}{|c|}{ Blance Sheet as of December 30, 2021 and 2022} & & \multirow{2}{*}{2021} & \multirow{2}{*}{2022} \\ \hline & 2021 & 2002 & & & \\ \hline Assets & & & Liability \& Stock Holders Equity & & \\ \hline & & & & & \\ \hline Cash & 27,000.00 & 24,000.00 & Accounts payable & 7,500.00 & 9,500.00 \\ \hline Accounts Receivables & 10,500.00 & 13,500.00 & Accrude Expenses & 4,400.00 & 3,000.00 \\ \hline Inventory & 13,000.00 & 8,375,00 & Total Current Liability & 11,900.00 & 12,500.00 \\ \hline \multicolumn{6}{|l|}{ Other Current Assets } \\ \hline Total Current Assets & 50,500,00 & 45,875.00 & Long Term Dept & 45,000.00 & 40,000.00 \\ \hline & & & & & \\ \hline Plant and equipment & 50,000.00 & 50,000.00 & Total Liability & 45,000.00 & 40,000.00 \\ \hline Accumulated depreciation & 5,000.00 & 7,500.00 & & & \\ \hline \multirow[t]{5}{*}{ Net Plant and equipment } & 45,000.00 & 42,500.00 & & & \\ \hline & & & Common Stock Par Value & 15.00 & 15.00 \\ \hline & & & Paid In Capital & 30,000.00 & 30,000.00 \\ \hline & & & Retained Earnings & 8,600.00 & 5,875.00 \\ \hline & & & Total Common Stock Holders Equity & 38,600.00 & 35,875.00 \\ \hline Total Assets & 95,500.00 & 88,375.00 & Total Liability \& Stock Holders Equity & 95,500.00 & 88,375.00 \\ \hline & & & & & \\ \hline & & & & & \\ \hline \multicolumn{6}{|l|}{ Common Size Balance Shect } \\ \hline & 2021 & 2022 & & 2021 & 2022 \\ \hline Assets & & & Liability \& Stock Holders Equity & & \\ \hline & & & & & \\ \hline Cash & & & Accounts payable & & \\ \hline Accounts Receivables & & & Accrude Expenses & & \\ \hline Inventory & & & Total Current Liability & 0% & 0% \\ \hline Other Current Assets & & & & & \\ \hline Total Current Assets & 0% & 0% & Long Term Dept & & \\ \hline & & & & & \\ \hline Plant and equipment & & & Total Liability & 0% & 0% \\ \hline Accumulated depreciation & & & & & \\ \hline Net Plant and equipment & 0% & 0% & & & \\ \hline & & & Common Stock Par Value & & \\ \hline & & & Paid In Capital & & \\ \hline & & & Retained Earnings & & \\ \hline & & & Total Common Stock Holders Equity & 0% & 0% \\ \hline Total Assets & 0% & 0% & Total Liability \& Stock Holders Equity & 0% & 0% \\ \hline \end{tabular}

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_2

Step: 3

blur-text-image_3

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

Foundations Of Cost Control

Authors: Daniel Traster

1st Edition

0132156555, 978-0132156554

More Books

Students also viewed these Accounting questions

Question

Consider some type of redress for the customer, such as a coupon.

Answered: 1 week ago

Question

Demonstrate through language that you are grateful to be informed.

Answered: 1 week ago

Question

Always mention the specifi c problem the customer faced.

Answered: 1 week ago