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Need the balance sheet filled in completely. Please see information below. The following is the ending balances of accounts at December 31, 2021. for the
Need the balance sheet filled in completely. Please see information below.
The following is the ending balances of accounts at December 31, 2021. for the Weismuller Publishing Company Account Title $ 9,0 Acte cable 164,000 Prepaid Eigent Related depreciation $ 113,000 yable 63,000 Interest payable 22.000 Deferred revne 12,400 Income taxes payable 12.000 Notes able 210,000 Allowance for uncollectible accounts 10,000 Con stock Retained camninga 200.000 Totals $1,149,00 Additional information: 1. Prepaid expenses include $124,000 paid on December 31, 2021, for a two-year lease on the building that houses both the administrative offices and the manufacturing facility 2. Investments include $32,000 in Treasury bills purchased on November 30, 2021. The bills mature on January 30, 2022. The remaining $112.000 is an investment in equity securities that the company intends to sell in the next year. 3. Deferred revenue represents customer prepayments for magazine subscriptions Subscriptions are for periods of one year or less. 4. The notes payable account consists of the following: a. a $42.000 note due in six months. b. a $102,000 note due in six years. c. a $66,000 note due in three annual installments of $22,000 each with the next installment due August 31, 2022. 5. The common stock account represents 402,000 shares of no par value common stock issued and outstanding. The corporation has 804,000 shares authorized. Required: Prepare a classified balanced sheet for the Weismuller Publishing Company at December 31 2021 (Amounts to be deducted should be indicated by a minus sign.) WEISMULLER PUBLISHING COMPANY Balance Sheet At December 31, 2011 Assets Current Net accounts receivable Totalcument assets Property plant and equipment Net property, plant and equipment Total atouts Liabilities and Shareholders' Equity Current abis Totalcantables Long temables Total Shareholders equity Total shareholders' equity Toallabies and shades aquityStep by Step Solution
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