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The December 31, 2021 statement of financial position accounts accounts of Rubrik Company are shown below in alphabetical order: Accounts payable 236,000 Accounts receivable 115,000
The December 31, 2021 statement of financial position accounts accounts of Rubrik Company are shown below in alphabetical order: |
Accounts payable | 236,000 | |||||
Accounts receivable | 115,000 | |||||
Accumulated depreciation -patents | 22,000 | |||||
Accumulated depreciation -trademarks | 17,000 | |||||
Accumulated depreciation -buildings | 530,000 | |||||
Accumulated depreciation - equipment | 351,000 | |||||
Allowance for bad debts | 8,000 | |||||
Appropriated retained earnings | 45,000 | |||||
Bonds payable [due 2023] | 800,000 | |||||
Buildings | 1,440,000 | |||||
Cash and cash equivalents | 86,250 | |||||
Deferred tax liabilitu | 50,000 | |||||
Discount on bonds payable | 69,000 | |||||
Equipment | 624,000 | |||||
Income tax payable | 150,000 | |||||
Inventory | 322,000 | |||||
Investments in associates | 250,000 | |||||
Land [including land with undetermined future use | 1,250,000 | |||||
acquired in Decmber 2021 for P1,000,000] | ||||||
Ordinary share capital, P10 par | 1,300,000 | |||||
Share premium -preference share | 81,000 | |||||
Share premium -ordinary share | 240,000 | |||||
Patents | 120,000 | |||||
Preference share capital -P100 par | 210,000 | |||||
Retained earnings | 262,000 | |||||
Salaries payable | 20,000 | |||||
Share dividends payable | 24,000 | |||||
SSS premium payable | 21,250 | |||||
Trademarks | 60,000 | |||||
Financial Assets at FV through P and L | 61,000 | |||||
Withholding taxes payable | 30,000 |
Required:
Prepare a properly classified statement of financial position for Rubrik Company as of December 31, 2021 with appropriate notes to support line items presented on the face of the statement.
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