From the following prepare a balance sheet for Roe Co. as of December 31, 2018. Salaries...

From the following prepare a balance sheet for Roe Co. as of December 31, 2018.

Salaries Payable 6,000

Accounts Receivable 9,000

Common Stock 27,000

Mortgage Note Payable 45,000

Prepaid Rent 12,000

Accounts Payable 19,000

Land 18,000

Cash 3,000

Merchandise Inventory 16,000

Building 60,000

Expert Solution

Roe Co
Balance Sheet as at December 31, 2018

LIABILITIES	Amount ($)	ASSETS	Amount ($)
Capital
Common Stock	27,000	Fixed Assets
Retained Earnings (B/f)	21,000	Land	18,000
		Building	60,000
Current Liabilities
Accounts Payable	19,000	Current Assets
Salary Payable	6,000	Cash	3,000
Mortgage Notes Payable	45,000	Accounts Receivable	9,000
		Prepaid Rent	12,000
		Merchandise Inventory	16,000


TOTAL	1,18,000	TOTAL	1,18,000

jeff jeffy answered 1 year ago

Prepare Balance Sheet The following is the adjusted trial balance at December 31, 2018 for the...

Prepare Balance Sheet The following is the adjusted trial balance at December 31, 2018 for the Farmer Enterprises. Account Title Debits Credits Cash 105,000 Investments 274,000 Accounts receivable 161,000 Inventories 234,000 Loans to employees 59,000 Prepaid expenses (for 2019) 35,000 Rent expense 84,000 Land 299,000 Building 1,740,000 Machinery and equipment 656,000 Trademark 171,000 Copyright 59,000 Bad debt expense 6,200 Depreciation expense 98,750 Dividends 40,000 Note receivable 345,000 Interest receivable 31,000 Cost of goods sold 242,000 Accumulated depreciation—building 639,000 Accumulated depreciation—equipment...

Instructions: Prepare a classified balance sheet for Baxter Incorporated, at December 31, 2018. The balance sheet...

Instructions: Prepare a classified balance sheet for Baxter Incorporated, at December 31, 2018. The balance sheet should be prepared in good form in excel. Be sure to use proper spacing, references, and formulas. Baxter Incorporated was started by John Ross early in 2018. Initial capital was acquired by issuing shares of commons stock to various investors and by obtaining a bank loan. The company operates a retail store that sells records, tapes, and compact discs. Business was so good during...

Prepare the liabilities section of Weaver Corporation’s balance sheet at December 31, 2018

Question: Weaver Corporation includes the following selected accounts in its general ledger on December 31, 2018: Notes Payable (long-term) $ 75,000 Interest Payable (due next year) $ 720 Bonds Payable (long-term) 195,000 Sales Tax Payable 480 Accounts Payable 20,400 Premium on Bonds Payable 5,850 Salaries Payable 1,680 Estimated Warranty Payable 1,080 Prepare the liabilities section of Weaver Corporation’s balance sheet at December 31, 2018

Prepare the liabilities section of Luxury Suites’s balance sheet at December 31, 2018.

Question: Preparing the liabilities section of the balance sheet Luxury Suites Hotels includes the following selected accounts in its general ledger at December 31, 2018: Notes Payable (long-term) $ 200,000 Accounts Payable $ 33,000 Bonds Payable (due 2022) 450,000 Discount on Bonds Payable 13,500 Interest Payable (due next year) 1,000 Salaries Payable 2,600 Estimated Warranty Payable 1,300 Sales Tax Payable 400 Prepare the liabilities section of Luxury Suites’s balance sheet at December 31, 2018.

Prepare a balance sheet as of December 31, 2019. BUSINESS SOLUTIONS Balance Sheet December 31, 2019...

Prepare a balance sheet as of December 31, 2019. BUSINESS SOLUTIONS Balance Sheet December 31, 2019 Assets Cash Accounts receivable Prepaid insurance Prepaid insurance Prepaid rent Office equipment Accumulated depreciation—Office equipment 0 Accumulated depreciation—Computer equipment Computer equipment 0 Total Assets 0 Liabilities Accounts payable Wages payable Unearned computer services revenue Total Liabilities 0 Equity Retained earnings Common stock Total equity $0 Total Liabilities and Equity $0 After the success of the company’s first two months, Santana Rey continues to operate...

From the following prepare a balance sheet for Moll Company as of December 31, 2013. Remember,...

From the following prepare a balance sheet for Moll Company as of December 31, 2013. Remember, the sheet MUST balance! What do you use to make sure that it balances? Building $70,000 Mortgage note payable $44,000 Merchandise inventory $15,000 Common stock $26,000 Cash $4,000 Retained earnings $?????? Land $20,000 Accounts receivable $8,000 Accounts payable $18,000 Salaries payable $8,000 Prepaid rent $10,000

From the following, prepare a classified balance sheet for Ranger Company as of December 31, 2015....

From the following, prepare a classified balance sheet for Ranger Company as of December 31, 2015. Ending merchandise inventory was $4,000 for the year. Cash $ 6,000 Accounts payable $ 1,800 Prepaid rent 1,600 Salaries payable 1,600 Prepaid insurance 4,000 Note payable (long term) 8,000 Office equipment (net) 5,000 J. Lowell, capital* 9,200 *What the owner supplies to the business. Replaces common stock and retained earnings section. RANGER COMPANY Balance Sheet December 31, 2015 Assets Liabilities Current assets: Current liabilities:...

On 31 December 2018 the following extract was taken from the balance sheet of BBD. Non-Current...

On 31 December 2018 the following extract was taken from the balance sheet of BBD. Non-Current Assets Cost Accumulated depreciation NBV K K K Equipment 60 000 24 000 36 000 Office Computers 8 000 5 600 2 400 Total 68 000 29 600 38 400 The following transactions took place during the year ended 31 December 2019: On 31 May 2019, equipment purchased on 1 August 2016, at a cost of K28 000, was sold for K10 000. Payment...

Prepare a balance sheet in report form as of December 31, 2016. * Balance sheet data:...

Prepare a balance sheet in report form as of December 31, 2016. * Balance sheet data: Accounts payable $ 194,300 Accounts receivable 545,000 Accumulated depreciation—office buildings and equipment 1,580,000 Accumulated depreciation—store buildings and equipment 4,126,000 Allowance for doubtful accounts 8,450 Available-for-sale investments (at cost) 260,130 Bonds payable, 5%, due 2024 500,000 Cash 246,000 Common stock, $20 par (400,000 shares authorized; 100,000 shares issued, 94,600 outstanding) 2,000,000 Dividends: Cash dividends for common stock 155,120 Cash dividends for preferred stock 100,000 Goodwill...

Riyadh Star, Balance Sheet Statement December 31, 2018 & December 31, 2019 2018 2019 Cash $ ...

Riyadh Star, Balance Sheet Statement December 31, 2018 & December 31, 2019 2018 2019 Cash $ 104,000 $ 123,250 Accounts Receivable 183,350 100,000 Inventory 250,000 210,000 Prepaid Expenses 80,000 120,000 Equipment (Net) 584,650 800,000 Total Assets $ 1,202,000 $ 1,353,250 Accounts Payable $ 220,000 $ 180,000 Salary Payable 94,000 56,250 Interest Payable 20,000 37,000 Bonds Payable 320,000 300,000 Common Shares 370,000 580,000 Retained Earnings...

Question