The Cola

$-$

Cola Company YOUR NAME:

Trial balance

December

$31$

$,$

$2022$

$$

$($

In millions

$)$

$$

$$Debit Credit Questions

$($

calculate each of the following totals using Cola Cola

$$

s trial balance

$)$

$$

Cash and cash equivalents $

$10$

$,$

$562$

$$

Marketable securities $

$1$

$,$

$069$

$$ Current assets

Trade accounts receivable, net $

$3$

$,$

$487$

$$

Inventories $

$4$

$,$

$233$

$$ Total assets

Other current assets $

$3$

$,$

$240$

$$

Property, plant and equipment, net $

$9$

$,$

$841$

$$ Current liabilities

Goodwill $

$17$

$,$

$782$

$$

Other intangibles $

$14$

$,$

$849$

$$ Total liabilities

Other non

$-$

current assets $

$26$

$,$

$700$

$$

Accounts payable and accrued expenses $

$15$

$,$

$249$

$$ Net income

Loans and notes payable $

$2$

$,$

$373$

$$

Current portion of long

$-$

term debt $

$319$

$$ Ending retained earnings

Other current liabilities $

$1$

$,$

$203$

$$

Long

$-$

term debt $

$35$

$,$

$327$

$$ Total stockholders

$$

$$equity

Other long

$-$

term liabilities $

$10$

$,$

$336$

$$

Common stock $

$1$

$,$

$760$

$$ Write Cola Cola

$$

s accounting equation

$($

amounts with labels

$)$

$$as of December

$31$

$,$

$2022$

$.$

$$

Additional paid

$-$

in capital $

$18$

$,$

$822$

$$

Retained earnings as of December

$31$

$,$

$2021$

$$ $

$69$

$,$

$094$

$$

Other stockholders' equity $

$65$

$,$

$725$

$$

Dividends $

$7$

$,$

$617$

$$

Sales revenue $

$43$

$,$

$004$

$$

Cost of sales $

$18$

$,$

$000$

$$

Selling, marketing and administrative expense $

$11$

$,$

$800$

$$

Other operating charges $

$34$

$$

Interest expense, net $

$433$

$$

Income tax expense $

$2$

$,$

$115$

$$

$$ Totals $

$197$

$,$

$487$

$$ $

$197$

$,$

$487$

$$

$$

$$

Please note that the accounts have been adapted and condensed for educational use and should not be used for investment decisions