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Preparing the Financial Statements Listed below are items reported on the financial statements of the Huntington Company as of June 30, 2016: Cash flow provided
Preparing the Financial Statements Listed below are items reported on the financial statements of the Huntington Company as of June 30, 2016:
Cash flow provided by operating activities | $39,000 |
Cash at June 30, 2015 | 6,000 |
Cash at June 30, 2016 | 36,000 |
Inventory | 5,500 |
Accounts receivable | 15,200 |
Cash flow from investing activities | (10,300) |
Other current assets | 1,500 |
Property, plant and equipment | 50,000 |
Other long-term assets | 17,500 |
Cash flow from financing activities | 1,300 |
Current liabilities | 22,000 |
Long-term liabilities | 16,250 |
Intangible assets | 9,500 |
Common stock | 60,000 |
Retained earnings | ? |
Required Prepare a classified balance sheet as of June 30, 2016, and statement of cash flows for 2016.
Use negative signs with your answers if shown above as a negative number.
HUNTINGTON COMPANY Balance Sheet June 30, 2016 Assets Liabilities & Stockholders' Equity Current Assets: Liabilities: Long-term Liabilities Inventory 0 Total Liabilities Total Current Assets Stockholders' Equity Long-term Assets: Intangible Assets Total Stockholders' Equity Total Long-term Assets Total Assets Total Liabilities and Stockholders' EquityStep by Step Solution
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