Answered step by step
Verified Expert Solution
Question
1 Approved Answer
prepare the financial position for Vivaldi at the end of december 2 0 2 2 . other (145,000 ,Trading Securities (at cost Elarning The accountant
prepare the financial position for Vivaldi at the end of december .
other (145,000 ,Trading Securities (at cost Elarning The accountant of Vivaldi Company prepared the following trial balance: Cash Sales Revenue sales discount sales returns and allowances Cost of Goods Sold Buildings - Accounts Receivable cran int Long-term Investments in Bonds Long-term Investments in Shares Notes Payable (short-term) Accounts Payable Investment Revenue sales salaries and commissions Land advertising expenses shipping supplies and expense telephone and internet of sales office expense depreciation of sales equipment Trial balance of Vivaldi Corporation at December 31, 2022 Dividends Payable Accrued Liabilities Accumulated Depreciation-Buildings Allowance for Doubtful Accounts officers' salaries office salaries depreciation of building depreciation of office equipment Adminstrativ miscellaneous office expenses Interest Expense income tax Inventory Pension Liability (long-term) Notes Payable (long-term) Equipment Bonds Payable Accumulated Depreciation-Equipment Debit 197,000 31500 68500 153,000 4,800,000 299,000 277,000 1500000 350000 100000 19600 20000 260,000 1,040,000 435,000 450,000 320,000 52,000 40,000 38,000 211,000 10,400 597,000 600,000 Credit 8,000,000 90,000 455,000 63,000 136,000 96,000 352,000 25,000 80,000 900,000 1,000,000 60,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Calculations Total Assets Total Current Assets Cash Accounts Receivable Inventory Trading Securities ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started