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Required information [The following information applies to the questions displayed below.] The CEO of Jisko requests our help in preparing year-end financial reports. The CEO
Required information [The following information applies to the questions displayed below.] The CEO of Jisko requests our help in preparing year-end financial reports. The CEO explains that they are having difficulty classifying accounts. The Tableau dashboard shows December 31 year-end data from the company's accounting system. Assets Land Long-Term Investment in Stocks Accounts Receivable
The CEO of Jisko requests our help in preparing year-end financial reports. The CEO explains that they are having difficulty classifying accounts. The Tableau dashboard shows December 31 year-end data from the company's accounting system. Liabilities \& Eauitv 62+abeau 1. Identify the company's current assets and their amounts. 2. Identify the company's current liabilities and their amounts. 3. Calculate the total amount reported for property, plant and equipment on the balance sheetply: Accounts Payable Wages Payable Interest Payable Notes Payable (due in 9 years) Mortgage Payable (due in 20 years) J. Carter, Capital $0 Inventory Liabilities & Equity $25,000
ok nces #+ableau 2. Prepare the current assets section of its December 31 year-end balance sheet. Current assets Total current assets JISKO Balance Sheet December 31 Assets $ 0
$ Book erences +ableau 2. Prepare the current assets section of its December 31 year-end balance sheet. Current assets Cash JISKO Balance Sheet December 31 Assets Accounts payable Accounts receivable Accumulated depreciation-Trucks Intangible assets Interest pavable 0
3 5 pints eBook References Ac Graw Hill +ableau 2. Prepare the current assets section of its December 31 year-end balance sheet. Current assets JISKO Balance Sheet December 31 Assets Interest payable Inventory J. Carter, Capital J. Carter, Withdrawals Land aln 0 1 .
3 5 pints eBook References Mc Graw Hill +ableau Current assets JISKO Balance Sheet December 31 Assets Land Long-term investment in stocks Mortgage payable $25,000 2. Prepare the current assets section of its December 31 year-end balance sheet. Notes payable Notes receivable 0 $50,000 $100,000 fl $125,000
3 5 pints eBook References Mc Graw Hill +ableau 2. Prepare the current assets section of its December 31 year-end balance sheet. Current assets JISKO Balance Sheet December 31 Assets Notes receivable Prepaid expenses Supplies Trucks Wages payable 0
Assets Land (used in operations): $114,000 Long Term investment in Stocks: $36,000 Notes Receivable (due in 3 years): $26,000 Accounts Receivable: $24,000 Cash: $26,000 Prepaid Expenses: $ 10, 800 Supplies: $ 10, 200 Inventory: $55,000 Intangible Assets: $15,000 Trucks : $46,000 Accumulated Depreciation: $ 12,000 Liabilities & Equity Accounts Payable: $ 62,000 Wages Payable: $ 21,000 Interest Payable: $24,000 Notes Payable (due in 9 years): $34,000 Mortgage Payable (due in 20 years): $ 84,000 J. Carter, Capital: $126,000
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