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For the information provided below, prepare a balance sheet statement. The value of the land is $100,000 and the value of the building is $1,010,000.
For the information provided below, prepare a balance sheet statement.
The value of the land is $100,000 and the value of the building is $1,010,000.
The current portion of the bonds payable is $80,000.
The current portion of the notes payable is $50,000.
The current portion of mortgage payable is $35,000.
The marketable securities are being held to be sold if and when cash might be needed.
The name of the company is UAN.
The amounts shown are the ending amounts from the period from January 1, 2017 to December 31, 2017.
The ending retained earnings amount is as of December 31, 2017 after all annual adjustments.
Accounts Payable | $200,000 |
Accounts Receivable | $350,000 |
Accrued Expenses | $131,000 |
Accumulated Depreciation | $645,000 |
Bond Interest Payable | $5,000 |
Bonds Payable | $800,000 |
Cash | $400,000 |
Common Stock | $937,000 |
Ending retained earnings | $785,000 |
Goodwill | $500,000 |
Interest due on mortgage | $4,000 |
Interest due on notes payable | $11,000 |
Inventory | $450,000 |
Investment in Land for future use | $550,000 |
Land and Buildings | $1,110,000 |
Marketable Securities | $150,000 |
Mortgage Payable | $350,000 |
Notes Payable | $167,000 |
Paid in Excess of Par | $1,115,000 |
Patents | $250,000 |
Plant and equipment | $1,300,000 |
Prepaid expenses | $90,000 |
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