Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The December 31, 2021 statement of financial position accounts of YOUR DAWTER COMPANY are shown below in alphabetical order: Account Amount Accounts Payable 128,625,000.00 Accounts
The December 31, 2021 statement of financial position accounts of YOUR DAWTER COMPANY are shown below in alphabetical order: Account Amount Accounts Payable 128,625,000.00 Accounts Receivable 385,875,000.00 Accrued Liabilities 154,350,000.00 Accumulated Amortization - Patent 450,187,500.00 Accumulated Amortization - Web Site 192,937,500.00 Accumulated Depreciation - Building 514,500,000.00 Advances to Affiliates 257,250,000.00 Advances to employees 154,350,000.00 Advances to Officers 25,725,000.00 Advances to suppliers 128,625,000.00 Allowance for Doubtful Accounts 385,875,000.00 Biological Assets 257,250,000.00 Bonds Payable 321.562.500,00 Building 115,762,500.00 Cash in Bank - BDO (Current) 25,725,000.00 Cash in Bank - BDO (Savings) 261,108,750.00 Cash in Bank - BPI 1,286,250,000.00 Cash on hand 2,572,500,000.00 Deferred Tax Liability 3,858,750,000.00 Discount on Bonds Payable 1,929,375,000.00 Discount on Loans Payable 1,157,625,000.00 Finished Goods Inventory 268,826,250.00 Held for Trading Securities 154,350,000.00 Income Tax Payable 21,866,250.00 Interest Payable (due May 30, 2022) 102,900,000.00 Interest receivable (due on Mar 1, 2022) 83,606,250.00 Investment Property 115,762,500.00 Land 257,250,000.00 Loans Payable 385,875,000.00 Ordinary Share Capital 244,387,500.00 Patent 23,152,500.00 Prepaid income tax 214,803,750.00 Prepaid supplies 1,157,625,000.00 Provision for Warranty Obligations 154,350,000.00 Raw Materials Inventory 578,812,500.00 Retained Earnings 3,213,052,500.00 Revaluation Surplus 1,157,625,000.00 Share Premium 1,157,625,000.00 Treasury Shares 457,905,000.00 Unrealized Gains on FVOCI 154,350,000.00 Utilities Payable 448,901,250.00 Web Site Costs 1,286,250,000.00 Work in Process Inventory 257,250,000.00 Required: Prepare a properly classified statement of financial position for YOUR DAWTER COMPANY as of December 31, 2021. Save your FS as pdf and upload it here. Deadline: 4/29/2022 The December 31, 2021 statement of financial position accounts of YOUR DAWTER COMPANY are shown below in alphabetical order: Account Amount Accounts Payable 128,625,000.00 Accounts Receivable 385,875,000.00 Accrued Liabilities 154,350,000.00 Accumulated Amortization - Patent 450,187,500.00 Accumulated Amortization - Web Site 192,937,500.00 Accumulated Depreciation - Building 514,500,000.00 Advances to Affiliates 257,250,000.00 Advances to employees 154,350,000.00 Advances to Officers 25,725,000.00 Advances to suppliers 128,625,000.00 Allowance for Doubtful Accounts 385,875,000.00 Biological Assets 257,250,000.00 Bonds Payable 321.562.500,00 Building 115,762,500.00 Cash in Bank - BDO (Current) 25,725,000.00 Cash in Bank - BDO (Savings) 261,108,750.00 Cash in Bank - BPI 1,286,250,000.00 Cash on hand 2,572,500,000.00 Deferred Tax Liability 3,858,750,000.00 Discount on Bonds Payable 1,929,375,000.00 Discount on Loans Payable 1,157,625,000.00 Finished Goods Inventory 268,826,250.00 Held for Trading Securities 154,350,000.00 Income Tax Payable 21,866,250.00 Interest Payable (due May 30, 2022) 102,900,000.00 Interest receivable (due on Mar 1, 2022) 83,606,250.00 Investment Property 115,762,500.00 Land 257,250,000.00 Loans Payable 385,875,000.00 Ordinary Share Capital 244,387,500.00 Patent 23,152,500.00 Prepaid income tax 214,803,750.00 Prepaid supplies 1,157,625,000.00 Provision for Warranty Obligations 154,350,000.00 Raw Materials Inventory 578,812,500.00 Retained Earnings 3,213,052,500.00 Revaluation Surplus 1,157,625,000.00 Share Premium 1,157,625,000.00 Treasury Shares 457,905,000.00 Unrealized Gains on FVOCI 154,350,000.00 Utilities Payable 448,901,250.00 Web Site Costs 1,286,250,000.00 Work in Process Inventory 257,250,000.00 Required: Prepare a properly classified statement of financial position for YOUR DAWTER COMPANY as of December 31, 2021. Save your FS as pdf and upload it here. Deadline: 4/29/2022
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started