Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

P 3-3 The following information was obtained from the accounts of Alleg, Inc., as of De cember 31, 2012. It is presented in scrambled order.

image text in transcribed

P 3-3 The following information was obtained from the accounts of Alleg, Inc., as of De cember 31, 2012. It is presented in scrambled order. Common stock, authorized 21,000 shares at $1 par value, issued 10,000 shares Additional paid-in capital Cash Marketable securities Accounts receivable Accounts payable Current maturities of long-term debt Mortgages payable Bonds payable Inventory Land and buildings Machinery and cquipment Goodwill Patents Other assets Deferred income taxes (long-term liability) Retained earnings Accumulated deprsciation $ 10,000 38,000 13,000 17,000 26,000 15,000 11,000 80,000 70,000 30,000 $7,000 125,000 8,000 10,000 50,000 18,000 33,000 61,000 Required Prepare a clasified balance sheet in report form. For assets, use the classifications of current assets, plant and equipment, intangibles, and other assets. For labilities, use the classifications of current liabilities and long term liabilities P 3-4 The following is the balance sheet of Ingram Industricss

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Auditing And Assurance Services Plus Pearson MyLab Accounting With Pearson EText

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan

17th Global Edition

1292312106, 978-1292312101

More Books

Students also viewed these Accounting questions