Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

how do I do this? AYAYAI COMPANY BALANCE SHEET FOR THE YEAR ENDED 2020 $238.000 348.000 409,000 148.000 578.000 168.000 183.000 Current assets Cash Accounts

how do I do this?

image text in transcribed

image text in transcribed

image text in transcribed

AYAYAI COMPANY BALANCE SHEET FOR THE YEAR ENDED 2020 $238.000 348.000 409,000 148.000 578.000 168.000 183.000 Current assets Cash Accounts receivable (net) Inventory (lower-of-average-cost-or-market) Equity investments (marketable)-at cost (fair value $128.000) Property, plant, and equipment Buildings (net) Equipment (net) Land held for future use Intangible assets Goodwill Cash surrender value of life insurance Prepaid expenses Current liabilities Accounts payable Notes payable (due next year) Pension obligation Rent payable Premium on bonds payable Long-term liabilities Bonds payable Stockholders equity Common stock $1.00 par authorized 400.000 shares, issued 298,000 Additional pald-in capital Retained earnings 88,000 98.000 20.000 143.000 133.000 90.000 57.000 61.000 508.000 298.000 168.000 Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $168,000 and for the equipment $113,000. The allowance for doubtful accounts has a balance of $25,000. The pension obligation is considered a long-term liability (List Current Assets in order of liquidity. List Property. Plant and Equipment in order of Buildings and Equipment Enter account name only and do not provide the descriptive information provided in the question) AYAYAI COMPANY Balance Sheet For the Year Ended December 31, 2020 Assets Current Assets Cash $ 238000 Accounts Receivable 348000 Inventory $ 409000 Less V 1163000 Total Current Assets Total Assets Liabilities and Stockholders Equity Orta Foole Hotel 2018 Liabilities and Stockholders' Equity Current Liabilitles $ Accounts Payable $ Notes Payable Pension Obligation $ V >

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions