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Please do the Balance sheet -17 Question 6 of 6 View Policies Current Attempt in Progress Presented below are a number of balance sheet items
Please do the Balance sheet
-17 Question 6 of 6 View Policies Current Attempt in Progress Presented below are a number of balance sheet items for Marigold, Inc. for the current year, 2020. Goodwill $ 127.730 180,321 Payroll Taxes Payable Bonds payable 302.730 Discount on bonds payable 15,500 Accumulated Depreciation Equipment $ 292,500 Inventory 242,530 Rent payable (short-term) 47.730 Income taxes payable 101,092 Rent payable (long-term) 482.730 Common stock, $1 par value 202,730 Preferred stock. $10 par value 152.730 Cash 362,730 Land 482.730 Notes receivable 448,430 267.730 Prepaid expenses 90,650 492.730 Equipment 1,472,730 Notes payable (to banks) Accounts payable Retained earnings Income taxes receivable Notes payable (long-term) ? Debt Investments (trading) 123,730 100.360 270,700 Accumulated Depreciation Buildings Buildings 1,602,730 1,642,730 Prepare a classified balance sheet in good form. Common stock authorized was 400,000 shares, and preferred stock authorized was 20,000 shares. Assume that notes receivable and notes payable are short-term, unless stated otherwise. Cost and fair value of debt investments (trading) are the same. (List Current Assets in order of liquidity. List Property. Plant and Equipment in order of Land, Building and Equipment.) MARIGOLD, INC. Balance Sheet December 31, 2020 Assets Current Assets Cash Equity Investments Notes Receivable Income Tax Receivable Inventory Prepaid Expenses Total Current Assets Property. Plant and Equipment Land Buildings Less : Accumulated Depreciation-Buildings Equipment Less Accumulated Depreciation-Equipment Intangible Assets Goodwill Total Assets Il Goodwill Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Notes Payable Payroll Taxes Payable Income Tax Payable Rent Payable Step by Step Solution
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