{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-25T18:07:19-04:00", "answer_date": "2024-05-25 18:07:19", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1700282", "url": "\/study-help\/questions\/the-comparative-balance-sheets-for-jellystone-park-corporation-appear-below-1700282", "question_creation_date_js": "2024-05-25T18:07:19-04:00", "question_creation_date": "May 25, 2024 06:07 PM", "meta_title": "[Solved] The comparative balance sheets for Jellys | SolutionInn", "meta_description": "Answer of - The comparative balance sheets for Jellystone Park Corporation appear below: JELLYSTONE PARK CORPORATION Comparative B | SolutionInn", "meta_keywords": "comparative,balance,sheets,jellystone,park,corporation,appear,below,sheet,dec,31,2026", "question_title_h1": " The comparative balance sheets for Jellystone Park Corporation appear below: JELLYSTONE PARK CORPORATION Comparative Balance Sheet Dec. 31, 2026 Dec. 31, 2025 Assets Cash.", "question_title": " The comparative balance sheets for Jellystone Park Corporation appear below: JELLYSTONE", "question_title_for_js_snippet": "The comparative balance sheets for Jellystone Park Corporation appear below JELLYSTONE PARK CORPORATION Comparative Balance Sheet Dec 31, 2026 Dec 31, 2025 Assets Cash $23,000 $ 12,000 Accounts receivable Prepaid expenses Inventory 18,000 6,000 14,000 9,000 27,000 18,000 Long term investment in bonds 0 18,000 Equipment 60,000 30,000 Accumulated depreciation equipment (18 000) (14,000) Total assets $116 000 $87 000 Liabilities and Shareholders' Equity Accounts payable Bonds payable Common shares $21,000 $9,000 37,000 45,000 40,000 23,000 Retained earnings Total liabilities and shareholders' equity Additional information 18 000 10 000 $116,000 $87 000 1 Profit for the year ending December 31, 2026 was $ 20,000 2 Cash dividends of $ 12,000 were declared and paid during the year 3 Long term investments in bonds that had an amortized cost of $ 18 000 were sold for $ 16,000 Retained earnings Total liabilities and shareholders' equity Additional information 1 18 000 $116,000 20,000 10,000 $87 000 Profit for the year ending December 31, 2026 was $ 20,000 2 Cash dividends of $ 12,000 were declared and paid during the year 3 Long term investments in bonds that had an amortized cost of $ 18,000 were sold for $ 16,000 Required Prepare a cash flow statement for the year ended December 31, 2026, using the indirect method", "question_description": "\"image\"image", "transcribed_text": "The comparative balance sheets for Jellystone Park Corporation appear below: JELLYSTONE PARK CORPORATION Comparative Balance Sheet Dec. 31, 2026 Dec. 31, 2025 Assets Cash. $23,000 $ 12,000 Accounts receivable. Prepaid expenses.. Inventory.. 18,000 6,000 14,000 9,000 27,000 18,000 Long-term investment in bonds -0- 18,000 Equipment 60,000 30,000 Accumulated depreciation-equipment.. (18.000) (14,000) Total assets. $116.000 $87.000 Liabilities and Shareholders' Equity Accounts payable. Bonds payable. Common shares $21,000 $9,000 37,000 45,000 40,000 23,000 Retained earnings Total liabilities and shareholders' equity. Additional information: 18.000 10.000 $116,000 $87.000 1. Profit for the year ending December 31, 2026 was $ 20,000. 2. Cash dividends of $ 12,000 were declared and paid during the year. 3. Long-term investments in bonds that had an amortized cost of $ 18.000 were sold for $ 16,000. Retained earnings Total liabilities and shareholders' equity. Additional information: 1. 18.000 $116,000 20,000 10,000 $87.000 Profit for the year ending December 31, 2026 was $ 20,000. 2. Cash dividends of $ 12,000 were declared and paid during the year. 3. Long-term investments in bonds that had an amortized cost of $ 18,000 were sold for $ 16,000. Required: Prepare a cash flow statement for the year ended December 31, 2026, using the indirect method", "related_book": { "title": "Fundamentals of Cost Accounting", "isbn": "9780078025525, 9780077517359, 77517350, 978-0077398194", "edition": "3rd Edition", "authors": "William Lanen, Shannon Anderson, Michael Maher", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/108.jpg", "uri": "\/textbooks\/fundamentals-of-cost-accounting-3rd-edition-108", "see_more_uri": "" }, "free_related_book": { "isbn": "1646127382", "uri": "\/textbooks\/6-full-length-act-aspire-math-practice-tests-extra-test-prep-to-help-ace-the-act-aspire-grade-7-math-test-grade-7-1st-edition-9781646127382", "name": "6 Full Length ACT Aspire Math Practice Tests Extra Test Prep To Help Ace The ACT Aspire Grade 7 Math Test Grade 7", "edition": "1st Edition" }, "question_posted": "2024-05-25 18:07:19", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/mansfield-congregational-church-mcc-is-a-small-organization-in-connecticut-632705", "description": "Mansfield Congregational Church (MCC) is a small organization in Connecticut with only seventeen employees. 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