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Listed below (in random order) are all of the December 31, 2020 adjusted balance sheet accounts of the Wichita Company. Land $60,500 Accounts receivable $62,700
Listed below (in random order) are all of the December 31, 2020 adjusted balance sheet accounts of the Wichita Company.
Land | $60,500 | Accounts receivable | $62,700 | |
Sinking fund for bond retirement | $27,500 | Advances to employees | $1,650 | |
Discount on bonds payable | $16,500 | Accounts payable | $71,500 | |
Preferred stock, $100 par | $61,600 | Land held as future plant site | $6,490 | |
Accumulated depreciation, buildings | $77,550 | Common stock, $10 par | $138,050 | |
Cash surrender value of life insurance policy | $4,400 | Allowance for doubtful accounts | $330 | |
Accrued wages | $6,490 | Unearned rent revenue | $1,650 | |
Additional paid-in capital on common stock | $3,850 | Cash | $42,130 | |
Buildings | $291,500 | Treasury stock (at cost) | $2,750 | |
Bonds payable (due 2035) | $148,500 | Dividends payable | $3,850 | |
Retained earnings | $77,550 | Additional paid-in capital on preferred stock | $11,000 | |
Inventory | $85,800 |
Required: Calculate the amounts that would be reported on the Balance Sheet as noted below. You do not need to show your work though it may help with earning partial credit.
a. Current Assets |
b. Investments |
c. Long Term Liabilities |
d. Total Stockholder's Equity |
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