Computing Missing Amounts on a Classified Balance Sheet The consolidated balance sheet of Mutron Lock Inc....
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Computing Missing Amounts on a Classified Balance Sheet The consolidated balance sheet of Mutron Lock Inc. follows: For each of the missing items a through m, determine the balances that appear on the complete balance sheet. Do not use negative signs with any of your answers. Assets Current assets Cash and cash equivalents Marketable securities Accounts receivable Allowance for doubtful accounts Inventories Prepaid expenses Total current assets Property, plant, and equipment Land Building Equipment and machinery Less: Accumulated depreciation Total property, plant, and equipment Investments Other assets Total assets $20,390 Consolidated Balance Sheet As of December 31 Liabilities and Stockholders' Equity Current liabilities Accounts payable 0 Notes payable b. $307,364 12,522 Income taxes payable 294.842 Current portion of long-term debt 403506 17,804 Accrued expenses Total current liabilities 716,152 Long term debt $170.95 0 12842 9.786 11.308 $221,520 244.008 70372 Deferred income taxes a 24,964 313,564 390,934 Pension liability Total abilities Stockholders' equity 207,350 Preferred stock, no par value (authorized 20.000 shares, issued 4800 shares) h 0 522,112 Common stock, $5 par value (authorized 800.000 shares, issued 40,000 shares) 0 29,746 Additional paid in capital 147450 15,852 Total contributed capital $1,323,548 Retained earnings Appropriated Unappropriated Total retained earnings and contributed capital Less treasury stock 16.842 shares Total stockholders' equity Total lubilities and stockholders equity 30.000 312.942 362942 43618 5330 Computing Missing Amounts on a Classified Balance Sheet The consolidated balance sheet of Mutron Lock Inc. follows: For each of the missing items a through m, determine the balances that appear on the complete balance sheet. Do not use negative signs with any of your answers. Assets Current assets Cash and cash equivalents Marketable securities Accounts receivable Allowance for doubtful accounts Inventories Prepaid expenses Total current assets Property, plant, and equipment Land Building Equipment and machinery Less: Accumulated depreciation Total property, plant, and equipment Investments Other assets Total assets $20,390 Consolidated Balance Sheet As of December 31 Liabilities and Stockholders' Equity Current liabilities Accounts payable 0 Notes payable b. $307,364 12,522 Income taxes payable 294.842 Current portion of long-term debt 403506 17,804 Accrued expenses Total current liabilities 716,152 Long term debt $170.95 0 12842 9.786 11.308 $221,520 244.008 70372 Deferred income taxes a 24,964 313,564 390,934 Pension liability Total abilities Stockholders' equity 207,350 Preferred stock, no par value (authorized 20.000 shares, issued 4800 shares) h 0 522,112 Common stock, $5 par value (authorized 800.000 shares, issued 40,000 shares) 0 29,746 Additional paid in capital 147450 15,852 Total contributed capital $1,323,548 Retained earnings Appropriated Unappropriated Total retained earnings and contributed capital Less treasury stock 16.842 shares Total stockholders' equity Total lubilities and stockholders equity 30.000 312.942 362942 43618 5330
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