Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Presented below is the trial balance of Indigo Corporation at December 31, 2020. Debit $ 200.110 Credit $ 8,104,460 157,460 4.800,000 302.110 280,110 94,460 459,460

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Presented below is the trial balance of Indigo Corporation at December 31, 2020. Debit $ 200.110 Credit $ 8,104,460 157,460 4.800,000 302.110 280,110 94,460 459,460 2,004,460 66.370 264,460 1,043,110 139.110 100,460 Cash Sales Debt Investments (trading) (at cost, $145,000) Cost of Goods Sold Debt Investments (long-term) Equity Investments (long-term) Notes Payable (short-term) Accounts Payable Selling Expenses Investment Revenue Land Buildings Dividends Payable Accrued Liabilities Accounts Receivable Accumulated Depreciation-Buildings Allowance for Doubtful Accounts Administrative Expenses Interest Expense Inventory Gain Notes Payable (long-term) Equipment Bonds Payable Accumulated Depreciation-Equipment Franchises Common Stock (55 par) Treasury Stock Patents Retained Earnings 439,460 152.000 29,460 903,370 214,370 600,110 83,370 903.110 604460 1,003,110 60.000 160,000 1,004,460 195,460 195,000 81,110 MacBook Air 100,460 439,460 152.000 29.460 903,370 214,370 600,110 83,370 903.110 Accounts Receivable Accumulated Depreciation-Buildings Allowance for Doubtful Accounts Administrative Expenses Interest Expense Inventory Gain Notes Payable (long-term) Equipment Bonds Payable Accumulated Depreciation Equipment Franchises Common Stock (55 par) Treasury Stock Patents Retained Earnings Paid-in Capital in Excess of Par Totals 604.460 1,003,110 60,000 160.000 1,004,460 195,460 195.000 81.110 83.110 $12,364,050 $12,364,050 Prepare a balance sheet at December 31, 2020, for Indigo Corporation. (Ignore income taxes). (List Current Assets in order of liquidity List Property, Plant and Equipment in order of Land, Building and Equipment Enter account name only and do not provide the descriptive information provided in the question) INDIGO CORPORATION Balance Sheet Assets SO 888 Fa INDIGO CORPORATION Balance Sheet Assets MacBook AS So DU > > Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity $ $ So 888 Current Attempt in Progress Presented below is the trial balance of Bonita Corporation at December 31, 2020, Credit Debit $ 199,940 $ 8,102,810 155,810 4,800.000 301,940 279.940 92.810 457,810 2,002810 67.260 262,810 1,042,940 138,940 98,810 437.810 Cash Sales Debt Investments (trading) (at cost. $145,000) Cost of Goods Sold Debt Investments (long-term) Equity Investments long-term) Notes Payable (short-term) Accounts Payable Selling Expenses Investment Revenue Land Buildings Dividends Payable Accrued Liabilities Accounts Receivable Accumulated Depreciation Buildings Allowance for Doubtful Accounts Administrative Expenses Interest Expense Inventory Gain Notes Payable (long-term) Equipment Bonds Payable Accumulated Depreciation Equipment Franchises Common Stock (5par) Treasury Stock Patents Retained Earnings Pald-in Capital in Excess of Par Totals 152.000 27810 904 260 215,260 599,940 84.260 902.940 602,810 1,002,940 60.000 160,000 1,002,810 193,810 195,000 80,940 82.940 $12,355080 $12,355.080 Prepare a balance sheet at December 31, 2020. for Bonita Corporation. Ignore income taxes). List Current Assets in order of liquidity List Property Plant and Equipment in order of Land, Building and Equipment. Enter account name only and do not provide the descriptive Information provided in the question) BONITA CORPORATION Balance Sheet e/assessment-player/index.html?launchid=5fe574ac-ecb5-4592-ada1-98770946a15a#/questio Llit Property Partner in order of Land Buting and enter only and do not provide the more Information provided in the question BONITA CORPORATION Balance Sheet > > > > > Liabilities and Stockholders' Equity > > > > > > > > >>>>>>>>>>> Lities and Stockholders' Equity

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

Advanced Accounting

Authors: Paul Fischer, William Taylor

6th Edition

0538841265, 978-0538841269

More Books

Students explore these related Accounting questions