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i just need the answer for short term invetmeants The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics
i just need the answer for short term invetmeants
The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation. Account Title Cash Short-term investments Accounts receivable Long-term investments Inventory Receivables from employees Prepaid expenses (for 2822) Land Building Equipment Patent (net) Franchise (net) Notes receivable Interest receivable Accumulated depreciation-building Accumulated depreciation-equipment Accounts payable Dividends payable (payable on 1/16/2822) Interest payable Income Taxes payable Deferred revenue Notes payable Allowance for uncollectible accounts Connon stock Retained earnings Totals Debits Credits 69, eee 184, eee 125,eee 36,eee 216,eee 41,600 17,000 281, eee 1,560, eee 638,eee 153,600 41,eee 255, eee 13,eee 621, een 211, eee 190,000 11, eee 17,000 41,600 61,600 302,600 9,000 2,884, eee 162,eee 3,629,880 3,629, eee Additional information: 1. The common stock represents 1.1 million shares of no par stock authorized, 510.000 shares issued and outstanding. 2. The receivables from employees are due on June 30, 2022 3. The notes receivable are due in installments of $51,000. 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 $51.000 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. 5. Deferred revenue represents payments from customer for extended service contracts. Seventy five percent of these contracts expire in 2022 the remainder in 2023. 6. Notes payable consists of two notes, one for $101,000 due on January 15, 2023. and another for $201.000 due on June 30, 2024. At December 31, 2021 Accats Current scots Cash and cash equivalent $ 120.000 $ 125.000 19.000 11 000 Short-term investments Accounts receivaba Allowance for uncollectible accounts Not accounts movable Receivables from employees Inventory Prepaid cons Interest receivaba Notes receivable 41.000 216.000 17.000 13.000 51.000 574.000 Total current Investments: Long-term Investments Notes receivable $ 36.000 204.000 240.000 1,647.000 Total investments Property, plant, and equipment: Land $ 291,000 Buildings 1,560.000 Egmont 638.000 2,479.000 Less: Accumulated depreciation buildings (621,000 Less Accumulated depreciation equipment 1211.000 Not property, plant, and soment Intangible assets: Patientine 153.000 Franchisine 41.000 Total intangible assets Total assets Llabilities and Shareholders' Equity Current abilities: Accounts payable Dividends payable Interest payable Income tax payabi Daforedrevenue 194000 $ 2,655.000 $ 190.000 11.000 17.000 41.000 45.750 304750 Total current abilities Long-term liabilities Notepayable Daforedrevenue $ 302.000 1.200 317.250 622.000 Total long-term labit Total labios Shareholders guilty Common stock 2,004 000 162.000 Rolandasmings Total shareholders equity Total abilities and shareholders equity 2,166.000 $ 2,780.000Step by Step Solution
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