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Sheet 1 have balance sheet and Sheet 2 have list of accounts. I believe i got everything in right accounts but it's not balanced which
Sheet 1 have balance sheet and Sheet 2 have list of accounts.
I believe i got everything in right accounts but it's not balanced which mean i did something wrong.
Please help where i did wrong and provide right answer with explanation, please.
Thank you for your help!!
Balance Sheet Account Payable Account Receivable Accrued Expenses Accrued Income taxes Accrued Interest on long-term debt Building Cash Commont Stock Construction payable (current) Current Portion of Long-term debt Deferred Income Taxes Deferred Income Taxes (current) Goodwill Income Taxes (current) Inventory Investments Land Less: Accumulated Depreciation Long-Term Debt Mortgage Payable Operating Equipment Other accrued liabilities (current) Other Intangible Assets Other Long-term Assets Other Long-term debt Paid-in Capital in Excess of Par Prepaid Expenses Retained Earnings Short-Term Investments 2015 312,389 395,135 214,768 39,049 136,670 4,334,234 464,865 1,924,540 136,670 312,389 364,454 214,768 838,616 604,324 46,486 92,973 315,217 878,468 1,548,930 2,596,735 1,063,611 585,730 1,084,065 122,724 45,557 306,811 92,973 557,838 720,540 2014 194,693 386,295 178,468 32,449 162,244 4,334,234 309,036 1,622,441 178,468 259,591 378,569 146,020 815,856 521,499 38,630 0 315,217 1,694,292 1,249,279 2,082,132 985,053 470,508 945,651 92,711 75,714 208,600 77,259 486,732 598,758 2013 274,451 283,786 117,622 13,069 91,484 4,334,234 298,722 1,269,569 104,553 209,105 274,451 104,553 522,764 358,466 14,936 435,636 315,217 2,363,361 1,036,814 1,707,694 762,364 392,073 647,231 74,681 30,495 186,701 59,744 410,743 477,955 Balance Sheet Assets Current Assets Cash Short-Term Investments Investments Account Receivable Inventory Prepaid Expenses Deferred Income Taxes (current) Total Current Assets 2015 464,865 720,540 92,973 395,135 46,486 92,973 214,768 2,027,740 2014 309,036 598,758 0 386,295 38,630 77,259 146,020 1,555,998 2013 298,722 477,955 435,636 283,786 14,936 59,744 104,553 1,675,332 Property and Equipment Land Building Operating Equipment Less: Accumulated Depreciation Total Property and Equipment 315,217 4,334,234 1,063,611 878,468 4,834,594 315,217 4,334,234 985,053 1,694,292 3,940,212 315,217 4,334,234 762,364 2,363,361 3,048,454 Other Assets Other Intangible Assets Other Long-term Assets Goodwill Total Other Assets 1,084,065 122,724 838,616 2,045,405 945,651 92,711 815,856 1,854,218 647,231 74,681 522,764 1,244,676 Total Assets 8,907,739 7,350,428 5,968,462 Liabilities and Owner's Equity Current Lliabilities Account Payable Income Taxes (current) Construction payable (current) Accrued Expenses Accrued Income taxes Other accrued liabilities (current) Current Portion of Long-term debt Total Current Liabilities 312,389 604,324 136,670 214,768 39,049 585,730 312,389 2,205,319 194,693 521,499 178,468 178,468 32,449 470,508 259,591 1,835,676 274,451 358,466 104,553 117,622 13,069 392,073 209,105 1,469,339 Long-Term Liabilities Long-Term Debt Mortgage Payable Accrued Interest on long-term debt Deferred Income Taxes Other Long-term debt 1,236,541 2,596,735 136,670 364,454 45,557 989,688 2,082,132 162,244 378,569 75,714 827,709 1,707,694 91,484 274,451 30,495 Total Long-Term Liabilities 4,379,957 3,688,347 2,931,833 Owner's Equity Commont Stock Paid-in Capital in Excess of Par Retained Earnings Total Owner's Equity 1,924,540 306,811 557,838 2,789,189 1,622,441 208,600 486,732 2,317,773 1,269,569 186,701 410,743 1,867,013 Total Liabilities and Owner's Equity 9,374,465 7,841,796 6,268,185Step by Step Solution
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