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The following partial list of accounts appeared on Stockholm Company's trial balance for the year ended December 31, 2020: Notes Payable (due $134,625 Accounts Receivable
The following partial list of accounts appeared on Stockholm Company's trial balance for the year ended December 31, 2020: Notes Payable (due $134,625 Accounts Receivable $483,615 7/15/2021) Accumulated Depreciation - 587.250 Tradename 46,350 Bldgs. Supplies (used in R&D with no 28.350 Goodwill 562.500 alternate use) Accrued Vacation Pay 25,650 Common Stock 843,750 Land held as future plant site 192,300 Retained Earnings 459.000 Lab Building (used for multiple Cash on hand 127,688 1.185.188 R&D projects) Notes Payable (Due 1/1/2028) 1.462.500 Land 348.750 Allowance for Doubtful Accts. 5,850 Bond sinking fund 656,250 Cash balance in Wheat Treasury Stock 9,375 (54.900) National Bank Discount on notes payable (due Patents 144,675 6.713 7/15/2021) Cash in Prarie Land Bank 179,250 Interest Payable 4,275 Discount on Bonds Payable 26.700 Buildings 2,017,530 FICA Taxes Payable 42,000 Accounts Payable 307.463 Deposit with advertising Additional Paid-in Capital 11.250 122.850 agency Common Stock Accumulated Depreciation Allowance to reduce Inventory 47,408 7,313 Lab Bldg. to Net Realizable Value Inventory 169,200 Bonds Payable due 8/31/2022 2,062,500 Deposit is for 6 months' of advertising Required: Determine the following amounts that would appear on Stockholm's Balance Sheet as of December 31, 2020. Showing your work will help with partial credit: a Cash b. Current Assets c. Property. Plant & Equipment d. Intangibles e. Current Liabilities 1. Stockholder's Equity
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