hwk 4 . need solved please

EX 4-10 Classifying assets Identify each of the following as (a) a current asset or (b) property, plant, and equipment: 1. Accounts Receivable 2. Building 3. Cash OBJ. 2 4. 5. Prepaid Insurance 6. Supplies EX 4-11 Balance sheet classification At the balance sheet date, a business owes a mortgage note payable of $375,000, the terms of which provide for monthly payments of $1,250. OBJ. 2 Explain how the liability should be classified on the balance sheet. EX 4-12 Balance sheet Optimum Weight Loss Co. offers personal weight reduction consulting services to indi- viduals. After all the accounts have been closed on November 30, 2016, the end of the fiscal year, the balances of selected accounts from the ledger of Optimum Weight Loss Co. are as follows: OBJ. 2 otal assets: Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment 186,400 Retained Earnings 7.200 21,000 635,300 9,000 4,800 18,000 37,700 Prepaid Insurance 116,750 Prepaid Rent ?Salaries Payable Common Stock 75,000 Supplies 74,150 Unearned Fees Prepare a classified balance sheet that includes the correct balance for Cash. EX 4-13 Balance sheet OBJ. 2 orrected balance et, total assets: List the errors you find in the following balance sheet. Prepare a corrected balance sheet. Labyrinth Services Co. Balance Sheet 5,000 For the Year Ended August 31,2016 Assets Current assets: Current liabilities: Accounts payable .. 31,300 Accum. depr-building 155,000 Accum. depr-equipment 25,000 ....16,600 339,600 $297,900 Stockholders'Equity Property, plant, and equipment: 75,000 512,200 Equipment Common stock Retained earnings Total stockholders equity.. Total liabilities and stockholders eqity Total property, plant, 635400 593,700 Total assets is 933,300 933,300