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Financial Statement Presentation of Operating Assets Olympic Acquisitions Inc. prepared the following post-dosing trial balance at December 31, 2013: Credit Debit Cash Accounts Receivable Supplies
Financial Statement Presentation of Operating Assets Olympic Acquisitions Inc. prepared the following post-dosing trial balance at December 31, 2013: Credit Debit Cash Accounts Receivable Supplies Land Buildings Equipment 5,400 16,200 25,800 42,350 155,900 278,650 31,100 49,600 313,500 94,600 Truck Franchise Goodwill Natural Resources Accounts Payable Accumulated Depreciation (Buildings) Accumulated Depreciation (Equipment) Accumulated Depreciation (Truck) Wages Payable Interest Payable Income Taxes Pyable Notes Payable (due in 8 years) Common Stock Retained Earnings 4,250 $ 112,000 153,000 16,300 6,850 7,125 12,125 185,550 304,500 211400 $1,013.100 Totals $1,013,100 Required: Hide Prepare a dlassified balance sheet for Olympic at Decemer1, 2013. (Note: Olympic reports the three categories of operating assets in separate subsections of assets.) olympic Acquisitions Inc. Balance Sheet December 31, 2013 Assets Current assets: Total current assets Property, plant, and equipment s tanet res ang intangible assets Natural resources t de ity Total assets stalai id ty
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