Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Help me deal with this complex accounting problem..i cant comprehend..explain it to me step by step WATERS CORPORATION Balance Sheet December 31, 2013 Current assets:

Help me deal with this complex accounting problem..i cant comprehend..explain it to me step by step

image text in transcribed WATERS CORPORATION Balance Sheet December 31, 2013 Current assets: Assets Cash Accounts receivable, net Inventory 100,325 194,625 Total current assets Property, Plant and Equipment Equipment 3.764,800 Less: accumulated depreciation 238.000 Total property, plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable 160,500 Wages payable 24,010 Total current liabilities 184,510 Long-term liabilities: Notes payable S 27 890 Mortgage payable 837.600 Total long-term liabilities 865,490 Total liabilities 1,050,000 Stockholders' equity Paid in capital 10% preferred stock, $100 par value, noncumulative, 7,500 shares S 1075bo authorized, 7500 shares issued and outstanding Common stock, $5 par value, 350,000 shares authorized 40 000 shares issued, 31oooo shares outstanding 10 0700 Paid in capital in excess of par - preferred stock Paid in capital in excess of par - common stock Paid in capital from treasury stock 3004820 Total paid in capital 44 7300 Retained earnings 345 1500 Total paid-in capital and retained earnings 10400 shares (at cost) 7200 Less: Treasury stock - common 344430 Total stockholders' equity 5 144 6 635 Total liabilities and stockholders' equityWATERS CORPORATION Balance Sheet December 31, 2013 Current assets: Assets Cash Accounts receivable, net Inventory 100,325 194,625 Total current assets Property, Plant and Equipment Equipment 3.764,800 Less: accumulated depreciation 238.000 Total property, plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable 160,500 Wages payable 24,010 Total current liabilities 184,510 Long-term liabilities: Notes payable S 27 890 Mortgage payable 837.600 Total long-term liabilities 865,490 Total liabilities 1,050,000 Stockholders' equity Paid in capital 10% preferred stock, $100 par value, noncumulative, 7,500 shares S 1075bo authorized, 7500 shares issued and outstanding Common stock, $5 par value, 350,000 shares authorized 40 000 shares issued, 31oooo shares outstanding 10 0700 Paid in capital in excess of par - preferred stock Paid in capital in excess of par - common stock Paid in capital from treasury stock 3004820 Total paid in capital 44 7300 Retained earnings 345 1500 Total paid-in capital and retained earnings 10400 shares (at cost) 7200 Less: Treasury stock - common 344430 Total stockholders' equity 5 144 6 635 Total liabilities and stockholders' equity

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

Accounting

Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett

9th edition

1118608224, 1118608227, 730323994, 9780730323990, 730319172, 9780730319177, 978-1118608227

Students also viewed these Accounting questions

Question

Explain the steps involved in training programmes.

Answered: 1 week ago

Question

What are the need and importance of training ?

Answered: 1 week ago