Skotch Inc.'s fiscal year ends on December 31st, 20X1. In good form. prepares concede lance sheet for Scotch Inc (You can omit the statement's heading) 90 110 140 Assets Cash Accounts Receivable Shattetem lasementa Testery Prepaid Rent Property. Plant and Equipment Intable Aucha Investments Total Assets 135 60 Liabilities Short-term Dicht 204 accumulated Depreciation 520 Allowance fee Bad Debt Account Payable 110 Long-term Deht 290 Accumulated Other Comprehensive Income 33 Total Liabilities 1,145 50 320 2,705 Stockholders' Equity: Retained and Paid in Capital 1.200 Total Stockholders. En 1.569 Total Liabilities and Stockholders' Equity 2,705 Related Information: 1. Short-term investments includes: -5130 of Trade Debt Securities 510 of accrued interest due to Skotch from the Trading Debt Securities 2. PP&E includes $50 of equipment that was retired during 20X1. The retired equipment is 90% depreciated and Sketch expects to sell at in 20x3. 3. Tatangible Assets includes: -$20 for Copyrights -$30 for Goodwill. The value of Goodwill is based on an estimate made by the CFO 4. Investments includes: -5170 Bond Sanking Fund that was set up year ago to pay off the Bando Payable when they mature (see below). -$150 of Pension Assets Chick Save and Submit to save and submit. Click Save All Answers to save all annen o 50 of equipment that was retired during 20X1. The red equipe is deprecated and Skotch expect to tell it in 20x3. 3. Intangible Assets includes: -520 for Copyrights -$30 for Goodwill. The value of Goodwill is based on an estimate made by the CFO 4. Investments includes: -5170 Bond Sinking Fund that was set up & years ago to pay off the Bonds Payable when they mature (see #6 below). $150 of Pension Amets 5. The $200 balance of Short-term Debt includes an 580 Note Payable due on March 13th of 20X2 and a $120 Note Payable due on June 20th of 20X4 6. Long-term Debt connists of a 5170 Bond Payable due on August 1* of 20x2 (see #4 above) and a $120 Pension Liability 7. Skotch currently has 500 shares of S2 par common stock authorized 200 shares were issued for $6 share. TTT Arial 3 (12) T-E- E- We Pathep Click Save and Submit to save and submit. Click Save All Armers to save allan Skotch Inc.'s fiscal year ends on December 31st, 20X1. In good form. prepares concede lance sheet for Scotch Inc (You can omit the statement's heading) 90 110 140 Assets Cash Accounts Receivable Shattetem lasementa Testery Prepaid Rent Property. Plant and Equipment Intable Aucha Investments Total Assets 135 60 Liabilities Short-term Dicht 204 accumulated Depreciation 520 Allowance fee Bad Debt Account Payable 110 Long-term Deht 290 Accumulated Other Comprehensive Income 33 Total Liabilities 1,145 50 320 2,705 Stockholders' Equity: Retained and Paid in Capital 1.200 Total Stockholders. En 1.569 Total Liabilities and Stockholders' Equity 2,705 Related Information: 1. Short-term investments includes: -5130 of Trade Debt Securities 510 of accrued interest due to Skotch from the Trading Debt Securities 2. PP&E includes $50 of equipment that was retired during 20X1. The retired equipment is 90% depreciated and Sketch expects to sell at in 20x3. 3. Tatangible Assets includes: -$20 for Copyrights -$30 for Goodwill. The value of Goodwill is based on an estimate made by the CFO 4. Investments includes: -5170 Bond Sanking Fund that was set up year ago to pay off the Bando Payable when they mature (see below). -$150 of Pension Assets Chick Save and Submit to save and submit. Click Save All Answers to save all annen o 50 of equipment that was retired during 20X1. The red equipe is deprecated and Skotch expect to tell it in 20x3. 3. Intangible Assets includes: -520 for Copyrights -$30 for Goodwill. The value of Goodwill is based on an estimate made by the CFO 4. Investments includes: -5170 Bond Sinking Fund that was set up & years ago to pay off the Bonds Payable when they mature (see #6 below). $150 of Pension Amets 5. The $200 balance of Short-term Debt includes an 580 Note Payable due on March 13th of 20X2 and a $120 Note Payable due on June 20th of 20X4 6. Long-term Debt connists of a 5170 Bond Payable due on August 1* of 20x2 (see #4 above) and a $120 Pension Liability 7. Skotch currently has 500 shares of S2 par common stock authorized 200 shares were issued for $6 share. TTT Arial 3 (12) T-E- E- We Pathep Click Save and Submit to save and submit. Click Save All Armers to save allan
