Answered step by step
Verified Expert Solution
Question
1 Approved Answer
help with the red boxes please These items were taken from the financial statements of Carla Vista Company at December 31, 2022 Buildings $124,844 $70,000
help with the red boxes please
These items were taken from the financial statements of Carla Vista Company at December 31, 2022 Buildings $124,844 $70,000 17,784 45.976 Accounts receivable Prepaid insurance Common stock (23,600 shares) Retained earnings (1/1/22) Accumulated depreciation buildings Accounts payable 3,648 54,044 Cash 13,452 10.030 97,602 Notes payable 110,448 Equipment Land 71.980 Accumulated depreciation equipment 22.082 Insurance expense 826 Interest payable 4,248 Depreciation expense 5,782 Service revenue 20,886 Interest expense 2,596 Prepare a classihed balance sheet. Assume that $19,234 of the note payable will be paid in 2022. list Current Assets in order of liquidity List Property Plant and Equipment in order of Lond, Buldings and Equipment) CARLA VISTACOMPANY Balance Sheet December 31, 2022 Assets Current Assets Cash Accounts Receivable uni Prepold Insurance Total Current Assets Property. Plant, and Equipment V Land Buildings 124844 Less V Accumulated Depreciation Buildings 54044 Equiment 92202 Less Accumulated Depreciation Equipment 22082 Intangible Assets Total Asset Uabilitles and Stockholders' Equity Current abilities Notes Payable UID Accounts Payable Interest Payable Total Current tbilities Long-term Liabilities Notes Pavable Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders Equity Total Liabilities and Stockholders Equity 110448 10030 4248 124726 O! 19324 105402 70800 45976 24824 130226 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started