Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

It's about preparing balance sheet and I only need help figuring out for Retained earning. I tried to (revenue-cogs- operating expenses+other revenue-other expense+ retained earning

It's about preparing balance sheet and I only need help figuring out for Retained earning.
I tried to (revenue-cogs- operating expenses+other revenue-other expense+ retained earning balance before net income) and got wrong..
I'll give upvote if the answer is right Thanks!! image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
WATERWAY CORPORATION Balance Sheet December 31.2025 Assets Current Assets Cash Debt Investments Accounts Receivable Less Allowance for Doubtful Accounts Inventory Total Current Assets. Long-term Investments Debt Investments Equity Imvestments Total Long-term Iovestments Property. Plant, and Equipment Land 156,580 $ 438.580 (28,580) i 410,000 263.580 Buildings 1041550 Less Accumulated Depreciation-Buildings Equipment 603580 Less : Accumulated Depreciation-Equipment \begin{tabular}{|l|l|} \hline 60000 \\ \hline \end{tabular} Total Property, Plant, and Equipment Intangible Assets Franchises 160,000 Patents Total Intangible Assets Total Assets Liabilities and Stockhoiders' Equity Current Liablilities Notes Payable Accounts Payable Accrued Liabilities 99,580 Dividends Payable resented below is the trial balance of Waterway Corporation at December 31, 2025. Ilquidity. List Property, Plant, and Equipment in order of Land, Buildings, and Equipment. Enter account n descriptive information provided in the question.) Total Current Liabilities Long-term Liabilities Notes Payable 901,5501.001.550 Total Long-term Liabilities Total Liabilities Stockholders' Equity Paid-in Capital Common Stock ald-in Capital in Excess of Par - Common Stock Retained Earnings Total Paid-in Capital and Retained Earnings Less : Treasury Stock Total Stockholders' Equity $1,003,580 1,659,540 2,744.670 194,580 Total Liabilities and Stockholders' Equity

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

Recommended Textbook for

Holt McDougal Larson Geometry

Authors: Ron Larson, Laurie Boswell, Timothy D. Kanold, Lee Stiff

1st Edition

0547315171, 978-0547315171

Students also viewed these Accounting questions

Question

600 lb 20 0.5 ft 30 30 5 ft

Answered: 1 week ago