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I have this problem almost completed but they aren't balancing. I'm off i think 100,200. Can you help me find out what im missing? 2
I have this problem almost completed but they aren't balancing. I'm off i think 100,200. Can you help me find out what im missing?
2 The ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation are as follows: 20 points BOOK Print Account Title Cash Short-term investments Accounts receivable Long-tern Investments Inventory Receivables tron employees Prepaid expenses (for 2032) Land Building Equipment Patent (net) Franchise (net) Notes receivable Interest receivable Accumulated depreciation-building Accumulated depreciation equipment Accounts payable Dividends payable (payable on 1/16/2022) Interest payable Income Taxes payable Deferred revenue Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totala Debita Credits 105,000 220,000 161,000 54,000 234.000 59.000 35,000 299.000 1,740,000 656,000 171,000 59,000 345.000 31,000 639,000 229.000 208,000 29.000 35,000 59,000 79.000 338,000 27,000 2,076,000 450,000 4,169,000 4,169,000 References Additional Information: 1. The common stock represents 1.6 million shares of no par stock authorized, 690,000 shares issued and outstanding 2. The receivables from employees are due on June 30, 2022 3. The notes receivable are due in installments of $69,000, payable on each September 30. Interest is payable annually 4. Short-term investments consist of securities that the company plans to sell in 2022 and $69.000 in treasury bills purchased on December 15 of the current year that mature on February 15, 2022. Long-term investments consist of securities that the company does not plan to sell in the next year flow 230,000 $ 3,158,000 $ Total intangible assets Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable Dividends payable Interest payable Deferred revenue Income taxes payable 208,000 29,000 35,000 63,200 59,000 394,200 Total current liabilities Long-term liabilities: Notes payable $ 338,000 es 338,000 732,200 Total long-term liabilities Total liabilities Shareholders' equity: Common stock Retained earnings 2,076,000 450,000 Total shareholders' equity Total liabilities and shareholders' equity 2,526,000 $ 3,258,200 Step by Step Solution
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