Ricky Corporation had the following alphabetical account balance listing at December 31, 2017 (in thousands of dollars).
Question:
Ricky Corporation had the following alphabetical account balance listing at December 31, 2017 (in thousands of dollars).
| Debit | Credit |
Accounts payable |
| $ 9,224 |
Accounts receivable | $ 3,248 |
|
Accrued liabilities |
| 12,226 |
Accumulated depreciation—buildings |
| 6,028 |
Accumulated depreciation—furniture and office equipment |
| 322 |
Accumulated depreciation—land improvements |
| 862 |
Accumulated depreciation—machinery and equipment |
| 19,664 |
Additional paid-in capital |
| 1,584 |
Allowance for uncollectible accounts |
| 14 |
Bonds payable |
| 1,358 |
Buildings | 19,950 |
|
Cash | 354 |
|
Common stock |
| 960 |
Furniture and office equipment | 634 |
|
Income taxes payable |
| 1,888 |
Inventories | 15,152 |
|
Investment (noncurrent) | 10,816 |
|
Land | 536 |
|
Land improvements | 1,438 |
|
Leasehold improvements (net of amortization) | 44 |
|
Machinery and equipment | 28,868 |
|
Notes payable (long-term) |
| 600 |
Notes receivable (Due June 15, 2012) | 8,014 |
|
Preferred stock |
| 566 |
Prepaid expenses | 1,458 |
|
Retained earnings |
| ? |
Short-term investments | 7,754 |
|
Special tools | 1,984 |
|
Unearned revenues (current) |
| 188 |
Unearned revenues (long-term) |
| 2,768 |
Required:
Prepare a balance sheet for Ricky Corporation at December 31, 2017.
Financial Reporting and Analysis
ISBN: 978-1259722653
7th edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer