Please fill in the blanks on the balance sheet
* Question Completion Status: Example A Post-closing trial balance on Dec 31st 2020: Accounts Debits Credits Cash 40000 Accounts Receivable 35,000 Allowance for Doubtful Accounts 7000 Inventory 3000 Investments 4000 Notes Receivable 50000 PPE 390000 Accumulated Depreciation 50000 Patent 25000 Prepaid rent 40000 Accounts payable 50000 Notes payable 180000 Salaries payable 79000 Taxes payable 39000 Interest payable 25000 Common Stock 150000 Retained earnings 100000 AOCI 20000 700000 700000 Notes: 1. $2,000 cash has been set aside to pay off a note payable that matures in 2022. 2. Investments include: a. A $5,000 municipal bond issued on Nov 15 2020 with a maturity date 90 days from date of issue. b. $20,000 in stocks that the firm does not intend to sell within the next 12 months C. The remainder consists of stocks and bonds intended for sale within the next 12 months 3. Accounts receivable includes a $10,000 long term note from a customer due Dec 1st- 2020. This note has been left out of the reported Note receivables. 4. Notes payable include: a. 80,000 is a note due March 31st 2025Question 1. $2,000 cash has been set aside to pay off a note payable that matures in 2022. 2. Investments include: a. A $5,000 municipal bond issued on Nov 15 2020 with a maturity date 90 days from date of issue. b. $20,000 in stocks that the firm does not intend to sell within the next 12 months C. The remainder consists of stocks and bonds intended for sale within the next 12 months 3. Accounts receivable includes a $10,000 long term note from a customer due Dec 1st- 2020. This note has been left out of the reported Note receivables. 4. Notes payable include: a. 80,000 is a note due March 31st 2025 b. 100,000 is a note with 5 payments of 20,000. First payment is due June 1st 2021 5. Prepaid rent represents two years' worth of rent expense prepaid in advance 6. Common stock consists of: a. 10,000 shares outstanding of stock with PAR value of $1, issued at $15, 50,000 shares authorized Using the following information, fill in the blanks on the the Balance sheet dated Dec 31st 2020: Assets Current Assets Cash and cash equivalents 43000 Investments Total Current Investments 15000 Accounts receivable 35000 Net Accounts Receivable Inventory Prepaid rent 20000 Total Current Assets Non-current Assets Investments Available for sale 20000* Question Completion Status: Using the following information, fill in the blanks on the the Balance sheet dated Dec 31St 2020: Assets Current Assets Cash and cash equivalents 43000 Investments Total Current Investments 15000 Accounts receivable 35000 Net Accounts Receivable Inventory 80000 Prepaid rent 20000 Total Current Assets Non-current Assets Investments Available for sale 20000 securities Notes receivable 50000 Total non-current 72000 investments PPE 390000 Less: Accumulated -50000 Depreciation Net PPE 340000 Intangible Assets Patents 25000 Total Intangible Assets 25000 Other Assets Prepaid Rent 20000 Total Non-current Assets 457000 Total Assets 643000
