Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Presented below is the comparative balance sheet for Splish Company. Splish Company Comparative Balance Sheet As of December 31, 2021 and 2020 December 31 2021
Presented below is the comparative balance sheet for Splish Company.
Splish Company Comparative Balance Sheet As of December 31, 2021 and 2020 | ||||||
---|---|---|---|---|---|---|
December 31 | ||||||
2021 | 2022 | |||||
Assets | ||||||
Cash | $179,700 | $273,700 | ||||
Accounts receivable (net) | 219,900 | 153,800 | ||||
Short-term investments | 269,000 | 149,000 | ||||
Inventories | 1,056,200 | 988,300 | ||||
Prepaid expenses | 25,100 | 25,100 | ||||
Plant & equipment | 2,583,400 | 1,944,700 | ||||
Accumulated depreciation | (993,200) | (756,300) | ||||
$3,340,100 | $2,778,300 | |||||
Liabilities and Stockholders Equity | ||||||
Accounts payable | $49,800 | $75,000 | ||||
Accrued expenses | 169,600 | 198,600 | ||||
Bonds payable | 452,600 | 191,400 | ||||
Capital stock | 2,093,100 | 1,760,400 | ||||
Retained earnings | 575,000 | 552,900 | ||||
$3,340,100 | $2,778,300 |
|
Prepare a compresive baloncesheet of Solish Company showing the percent each items of the total sets or total abilities and stockholders' quity. (Pourd percen to 2 decimales SPLEH OOMPANY Comparatie Ilalance Sheet December 31, 2021 and 2000 Splish Company Comparative Balance Sheet As of December 31, 2021 and 2020 December 31 2021 2022 2021 $179.700 % 273.700 153,800 Accurve 219,900 % Short-term investments 2 . Assets retores 1056.200 % 988,300 Predap % 25.100 Cash 2583,400 $ 1944700 Plantandement Accu nuo depreciation 1998.200 5 6756.300) Accounts receivable (net) $179,700 219,900 269,000 $ 340,300 52.778.300 Short-term investments Lioblities and Stockholders' Equity Account povabile $49.800 Accruedas 1. D % 575.000 Inventories 1.056,200 $273,700 153,800 149,000 988,300 25.100 1,944,700 (756,300) $2,778,300 Bonds able Prepaid expenses 25.100 Capital stock 2093.300 $ 3.760.400 Retained 525.000 Plant & equipment 2,583,400 53346,300 52.778.300 Accumulated depreciation (993,200) $3,340,100 Liabilities and Stockholders' Equity Accounts payable $49,800 $75,000 Accrued expenses 198,600 191,400 Capital stock 169,600 452,600 2,093,100 575,000 $3,340,100 Retained earnings 1.760,400 552,900 $2,778,300
Step by Step Solution
There are 3 Steps involved in it
Step: 1
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