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Presented below is the trial balance of Swifty Corporation at December 31, 2017. Debit Credit Cash $ 198,550 Sales $ 8,103,580 Debt Investments (trading) (cost,

Presented below is the trial balance of Swifty Corporation at December 31, 2017.

Debit

Credit

Cash

$ 198,550

Sales

$ 8,103,580

Debt Investments (trading) (cost, $145,000)

156,580

Cost of Goods Sold

4,800,000

Debt Investments (long-term)

300,550

Equity Investments (long-term)

278,550

Notes Payable (short-term)

93,580

Accounts Payable

458,580

Selling Expenses

2,003,580

Investment Revenue

67,440

Land

263,580

Buildings

1,041,550

Dividends Payable

137,550

Accrued Liabilities

99,580

Accounts Receivable

438,580

Accumulated Depreciation-Buildings

152,000

Allowance for Doubtful Accounts

28,580

Administrative Expenses

904,440

Interest Expense

215,440

Inventory

598,550

Gain (extraordinary)

84,440

Notes Payable (long-term)

901,550

Equipment

603,580

Bonds Payable

1,001,550

Accumulated Depreciation-Equipment

60,000

Franchises

160,000

Common Stock ($5 par)

1,003,580

Treasury Stock

194,580

Patents

195,000

Retained Earnings

79,550

Paid-in Capital in Excess of Par

81,550

Totals

$12,353,110

$12,353,110

Prepare a balance sheet at December 31, 2017, for Swifty 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.)

SWIFTY CORPORATION Balance Sheet

image text in transcribed December 31, 2017For the Year Ended December 31, 2017For the Quarter Ended December 31, 2017

Assets

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image text in transcribed Additional Paid-in Capital Current Assets Current Liabilities Intangible Assets Long-term Debt Long-term Investments Paid-in Capital Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Paid-in Capital and Retained Earnings Total Property, Plant and Equipment Total Stockholders' Equity

$

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image text in transcribed Additional Paid-in CapitalCurrent AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesPaid-in CapitalProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Paid-in Capital and Retained EarningsTotal Property, Plant and EquipmentTotal Stockholders' Equity

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image text in transcribed Additional Paid-in CapitalCurrent AssetsCurrent LiabilitiesIntangible AssetsLong-term DebtLong-term InvestmentsPaid-in CapitalProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Paid-in Capital and Retained EarningsTotal Property, Plant and EquipmentTotal Stockholders' Equity

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image text in transcribed Additional Paid-in Capital Current Assets Current Liabilities Intangible Assets Long-term Debt Long-term Investments Paid-in Capital Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Paid-in Capital and Retained Earnings Total Property, Plant and Equipment Total Stockholders' Equity

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image text in transcribed Additional Paid-in CapitalCurrent AssetsCurrent LiabilitiesIntangible AssetsLong-term DebtLong-term InvestmentsPaid-in CapitalProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Paid-in Capital and Retained EarningsTotal Property, Plant and EquipmentTotal Stockholders' Equity

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image text in transcribed Additional Paid-in Capital Current Assets Current Liabilities Intangible Assets Long-term Debt Long-term Investments Paid-in Capital Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Paid-in Capital and Retained Earnings Total Property, Plant and Equipment Total Stockholders' Equity

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image text in transcribed Additional Paid-in Capital Current Assets Current Liabilities Intangible Assets Long-term Debt Long-term Investments Paid-in Capital Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Paid-in Capital and Retained Earnings Total Property, Plant and Equipment Total Stockholders' Equity

$

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Liabilities and Stockholders' Equity

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image text in transcribed Additional Paid-in CapitalCurrent AssetsCurrent LiabilitiesIntangible AssetsLong-term DebtLong-term InvestmentsPaid-in CapitalProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Paid-in Capital and Retained EarningsTotal Property, Plant and EquipmentTotal Stockholders' Equity

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image text in transcribed Additional Paid-in Capital Current Assets Current Liabilities Intangible Assets Long-term Debt Long-term Investments Paid-in Capital Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Paid-in Capital and Retained Earnings Total Property, Plant and Equipment Total Stockholders' Equity

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image text in transcribed Additional Paid-in Capital Current Assets Current Liabilities Intangible Assets Long-term Debt Long-term Investments Paid-in Capital Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Paid-in Capital and Retained Earnings Total Property, Plant and Equipment Total Stockholders' Equity

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image text in transcribed Additional Paid-in CapitalCurrent AssetsCurrent LiabilitiesIntangible AssetsLong-term DebtLong-term InvestmentsPaid-in CapitalProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Paid-in Capital and Retained EarningsTotal Property, Plant and EquipmentTotal Stockholders' Equity

image text in transcribed Additional Paid-in CapitalCurrent AssetsCurrent LiabilitiesIntangible AssetsLong-term DebtLong-term InvestmentsPaid-in CapitalProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Paid-in Capital and Retained EarningsTotal Property, Plant and EquipmentTotal Stockholders' Equity

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image text in transcribed Additional Paid-in Capital Current Assets Current Liabilities Intangible Assets Long-term Debt Long-term Investments Paid-in Capital Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Paid-in Capital and Retained Earnings Total Property, Plant and Equipment Total Stockholders' Equity

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image text in transcribed Additional Paid-in Capital Current Assets Current Liabilities Intangible Assets Long-term Debt Long-term Investments Paid-in Capital Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Paid-in Capital and Retained Earnings Total Property, Plant and Equipment Total Stockholders' Equity

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image text in transcribed Additional Paid-in Capital Current Assets Current Liabilities Intangible Assets Long-term Debt Long-term Investments Paid-in Capital Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Paid-in Capital and Retained Earnings Total Property, Plant and Equipment Total Stockholders' Equity

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