Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Comparative balance sheets for International Company are presented below. INTERNATIONAL COMPANY Comparative Balance Sheets December 31 Assets 2017 2016 Cash $72,780 $22,670 Accounts receivable 84,080

image text in transcribed
image text in transcribed
image text in transcribed
Comparative balance sheets for International Company are presented below. INTERNATIONAL COMPANY Comparative Balance Sheets December 31 Assets 2017 2016 Cash $72,780 $22,670 Accounts receivable 84,080 76,700 Inventory 180,430 189,90 Land 75,430 101.440 Equipment 250,90 200,350 Accumulated deprecatement (66,190) (43,000) Total $550.00 Liabilities and Stockholders' Equity ACOURI pe 334,330 14.20 Tends at 150,930 199.60 Common stock (51) 214,720 163,10 Redes 107.530 140.410 Total 3597.510 5550.000 Additional information 1. Net income for 2017 134.910 2. Cash dividends of 77,790 were declared and paid 3. Bonds payable amounting to $48.60 were med forca 51,190 4. Comment for 51.5 5. Depreciation was 190 6. Se revenue for the 7. Land was so et condiment was purchased for cash Prepare wheet for 2017 in the rected the recogs INTERNATIONAL COMPANY ware of Cash PRINTER VERSION INTERNATIONAL COMPANY Worksheet Statement of Cash Flows Reconciling Items Debit Credit Balance 12/31/16 Balance 12/31/17 Balance Sheet Accounts Debits Cash Accounts receivable Invertory Land Equipment Total Credits Accumulated depreciation equipment Accounts payable Boods payable Common stock Retained ang Total Statement of Cash Flow Erecta Operating PRINTER VERGE Statement of Cash Flow Effects Operating activities + Investing activities . Financing activities + Totals Totais LIHATOTEKT Question Attempt of used

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

The Politics Of Financial Risk Audit And Regulation

Authors: Atul Shah

1st Edition

1138042358, 978-1138042353

More Books

Students also viewed these Accounting questions

Question

Discuss consumer-driven health plans.

Answered: 1 week ago