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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

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