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I need assistance with constructing a Balance Sheet to answer questions 11 through 15. Please show all work. did Timmers report as inventor)' on its
I need assistance with constructing a Balance Sheet to answer questions 11 through 15. Please show all work.
did Timmers report as inventor)' on its December 31, 2013 balance sheet). Financial data for Jordan's Jeans Company arc given below. All figures are in dollars. Use this data to construct a Balance Sheet tor the company for the year ending December 31, 2013 and use your constructed statement to answer the following 5 questions (I.e.. II through 15). However, other than what is listed and' or can be derived, there are no other accounts on Tara's balance sheet - use cash as a plug figure to balance the balance sheet. What did Jordan's Jeans Company record as Total Current Assets on December 31. 2013 balance sheet? What did Jordan's Jeans Company record as Total Current Liabilities on December 31. 2013 balance sheet? What did Jordan's Jeans Company record as Total Assets on December 31. 2013 balance sheet? What was Total Shareholder's Equity on Jordan's Jeans Company* December 31. 2013 balance sheet? Jordan's Jeans Company reported net income for 2013 of $871,800 and the company paid dividends of $0.06 per share in 2013. Given this information (along with the data provided above), compute what Jordan's Jeans Company reported as retained earnings on its December 31, 2012 balance sheet? (Assume that no additional shares of stock were issued between December 31. 2012 and December 31. 2013). Accounts payable Accruals Accumulated depreciation Additional paid in capital Beginning of year inventor}' Common stock ($1.50 par value) Cost of goods sold Current portion of long-term debt Gross accounts receivable Gross fixed assets long-term debt (excluding current portion) Purchases Retained earnings Returns and allowances Short-term bank loan Cash 14.900.100 17.475.100 19.476.100 15.200,000 74.847.200 1,976300 1,624,400 64.185.200 23,148,600 75.387,400 9,186.200 21,600 3356.500 ??? 856300 294.600Step by Step Solution
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