Question 33 4.75 pts (New Problem - not a continuation of the prior problem) Classified Balance Sheet - four (4) questions Instructions: Please prepare a Classified Balance Sheet on your scratch paper based on the following Partial Adjusted Trial Balance. Use this Classified Balance Sheet to answer this question and the next three (3) questions. You will need to know the 1.) Total Current Assets. 2.) Total Long- term Assets, 3.) Total Current Liabilities, and 4) Total Stockholders' Equity to answer these four (4) questions Question: Based on the Partial Trial Balance and Additional Info shown below, what is the amount of the Total Current Assets shown on the Classified Balance Sheet you prepared on your scratch paper? Adjusted Trial Balance December 31, 20xx Accounts Debit Credit Cash $25.185 Accounts Receivable 100,509 Inventory 40,000 Prepaid Rent 14,108 Equipment 25,000 Building 125,000 Accumulated Depreciation $ 50.000 Accounts Payable 25,185 Deferred Revenue 30.509 Current Portion Long-term Debt 5,000 Long-term Debt 50,108 Bonds Payable 50,000 Common Stock 25.000 ACCORDIC 30,509 5,000 50,108 50.000 25,000 0 25,000 10,000 Deferred Revenue Current Portion Long-term Debt Long-term Debt Bonds Payable Common Stock Treasury Stock Retained Earnings Dividends Revenue Cost of Goods Sold Salaries Expense Rent Expense Utilities Expense Depreciation Expense Interest Expense Income Tax Expense 200,185 75,185 9,000 15,000 10,000 5,000 1,000 6,000 Additional Information: Net Income After-taxes for the Accounting Period equaled $79,000 Beginning Balance of Common Stock on 1/1/20xx $25.000 Beginning Balance of Retained Earnings on 1/1/20xx $25.000 No new stock was issued during the accounting period. Fill in the blank with your calculated number. DO NOT include commas. $ signs, period, decimal points, etc.. just enter the raw number. Webcourses will add commas to your answer. For example. if you calculated the answer to be $24. 123 you would only input: 24123 D Question 34 4.75 pts Classified Balance Sheet Question: Based on the Classified Balance Sheet you prepared on your scratch paper, what is amount of the Total Long-term Assets shown on the Classified Balance Sheet you prepared on your scratch paper? Fill in the blank with your calculated number. DO NOT include commas. $ signs, period, decimal points, etc.. just enter the raw number. Webcourses will add commas to your answer. For example, if you calculated the answer to be $24.123 you would only input: 24123 Question 35 4.75 pts Classified Balance Sheet Question: Based on the Classified Balance Sheet you prepared on your scratch paper, what is amount of the Total Current Liabilities shown on the Classified Balance Sheet you prepared on your scratch paper? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer. For example, If you calculated the answer to be $24.123 you would only input: 24123 Question 36 4.75 pts Classified Balance Sheet Question: Based on the Classified Balance Sheet you prepared on your scratch paper, what is amount of the Total Stockholders' Equity shown on the Classified Balance Sheet you prepared on your scratch paper? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc.. just enter the raw number. Webcourses will add commas to your answer. For example, if you calculated the answer to be $24,123 you would only input: 24123
