Answered step by step
Verified Expert Solution
Link Copied!

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

image text in transcribed

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Information For Decisions

Authors: Robert w Ingram, Thomas L Albright

6th Edition

9780324313413, 324672705, 324313411, 978-0324672701

More Books

Students also viewed these Accounting questions

Question

What are the types of forms of communication ?

Answered: 1 week ago

Question

Explain the process of MBO

Answered: 1 week ago

Question

What is the store number of the highest-performing store by volume?

Answered: 1 week ago