{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T17:12:14-04:00", "answer_date": "2024-05-26 17:12:14", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1751309", "url": "\/study-help\/questions\/turkey-creek-inc-comparative-balance-sheet-as-of-december-31-1751309", "question_creation_date_js": "2024-05-26T17:12:14-04:00", "question_creation_date": "May 26, 2024 05:12 PM", "meta_title": "[Solved] Turkey Creek Inc. Comparative Balance She | SolutionInn", "meta_description": "Answer of - Turkey Creek Inc. Comparative Balance Sheet As of December 31 2022 2021 Increase\/ (Decrease) Assets: Cash $127,000 $13 | SolutionInn", "meta_keywords": "turkey,creek,inc,comparative,balance,sheet,december,31,2022,2021,increase\/,decrease", "question_title_h1": " Turkey Creek Inc. Comparative Balance Sheet As of December 31 2022 2021 Increase\/ (Decrease) Assets: Cash $127,000 $138,500 ($11,500) Accounts Receivable 210,700 180,400 30,300", "question_title": " Turkey Creek Inc. Comparative Balance Sheet As of December 31 2022", "question_title_for_js_snippet": "Turkey Creek Inc Comparative Balance Sheet As of December 31 2022 2021 Increase (Decrease) Assets Cash $127,000 $138,500 ($11,500) Accounts Receivable 210,700 180,400 30,300 Allowance For Doubtful Accounts (22,600) (15,300) (7,300) Inc Inventory 175,160 195,400 (20,240) Investments Available For Sale 366,000 341,700 24,300 Machinery 354,800 412,000 (57,200) Accumulated Depreciation Machinery (262,000) (317,000) 55,000 dec Buildings 445,000 280,000 165,000 Accumulated Depreciation Buildings (85,000) (73,000) (12,000) Inc Land 70,000 0 70,000 Total Assets $1,379,060 $1,142,700 Liabilities Accounts Payable 86,800 99,300 (12,500) Accrued Payables 161,500 138,900 22,600 Long Term Notes Payable 377,200 397,000 (19,800) Note Payable Building 165,000 0 165,000 Equity Common Stock no par 222,000 195,000 27,000 Retained Earnings 366,560 312,500 54,060 Total Liabilities and Equity $1,379,060 $1,142,700", "question_description": "\"image", "transcribed_text": "Turkey Creek Inc. Comparative Balance Sheet As of December 31 2022 2021 Increase\/ (Decrease) Assets: Cash $127,000 $138,500 ($11,500) Accounts Receivable 210,700 180,400 30,300 Allowance For Doubtful Accounts (22,600) (15,300) (7,300) Inc Inventory 175,160 195,400 (20,240) Investments [Available For Sale] 366,000 341,700 24,300 Machinery 354,800 412,000 (57,200) Accumulated Depreciation - Machinery (262,000) (317,000) 55,000 dec Buildings 445,000 280,000 165,000 Accumulated Depreciation - Buildings (85,000) (73,000) (12,000) Inc Land 70,000 0 70,000 Total Assets $1,379,060 $1,142,700 Liabilities: Accounts Payable 86,800 99,300 (12,500) Accrued Payables 161,500 138,900 22,600 Long-Term Notes Payable 377,200 397,000 (19,800) Note Payable - Building 165,000 0 165,000 Equity: Common Stock [no par] 222,000 195,000 27,000 Retained Earnings 366,560 312,500 54,060 Total Liabilities and Equity $1,379,060 $1,142,700", "related_book": { "title": "Accounting for Governmental and Nonprofit Entities", "isbn": "978-0256168723, 77388720, 256168725, 9780077388720, 978-007337960", "edition": "15th Edition", "authors": "Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/70.jpg", "uri": "\/textbooks\/accounting-for-governmental-and-nonprofit-entities-15th-edition-70", "see_more_uri": "" }, "free_related_book": { "isbn": "979-8863257051", "uri": "\/textbooks\/warren-buffett-and-the-value-investing-mindset-a-compendium-of-quotes-about-everything-to-do-with-investing-1st-edition-979-8863257051-123341", "name": "Warren Buffett And The Value Investing Mindset A Compendium Of Quotes About Everything To Do With Investing", "edition": "1st Edition" }, "question_posted": "2024-05-26 17:12:14", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-21", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/chemical-reaction-engineering\/we-plan-to-remove-about-90-of-the-a-present-1158416", "description": "We plan to remove about 90% of the A present in a gas stream by absorption in water which contains reactant B. 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