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In: Accounting
The information that follows relates to TZC & Associates' latest Balance Sheet (dated December 31, 2017)....
| The information that follows relates to TZC & Associates' latest Balance Sheet (dated December 31, 2017). The figures are presented in Thousands of U.S. Dollars unless noted otherwise. Using the information presented below, prepare and present a properly formatted Balance Sheet. | |||
| Accounts Payable | $16,670 | ||
| Accumulated Depreciation/Amortization on PPE | 27,250 | ||
| Additional Paid-in-Capital | 46,400 | ||
| Allowance for Doubtful accounts | 350 | ||
| Cash | 110,325 | ||
| Common Stock (1.5 million shares out @ $1/share par) | 1,500 | ||
| Copyrights | 22,000 | ||
| Current portion of Long-term Debt | 8,900 | ||
| Deferred Tax Liability | 2,000 | ||
| Goodwill | 65,450 | ||
| Gross Accounts Receivable | 8,760 | ||
| Gross Plant, Property and Equipment (PPE) | 350,000 | ||
| Inventory | 10,212 | ||
| Investments | 7,178 | ||
| Land | 175,000 | ||
| Long-term Debt | 318,400 | ||
| Marketable Securities | 5,176 | ||
| Mortgage Payable | 96,900 | ||
| Preferred Stock | 17,000 | ||
| Prepaid Expenses | 1,002 | ||
| Retained Earnings | 246,195 | ||
| Treasury Stock | 27,902 | ||
| Warranty Liability | $1,440 | ||
Solutions
ekkarill92 answered 1 year agoRelated Solutions
The information that follows relates to TZC & Associates' latest Balance Sheet (dated December 31, 2017)....
The information that follows relates to TZC & Associates'
latest Balance Sheet (dated December 31, 2017). The figures are
presented in Thousands of U.S. Dollars unless noted otherwise.
Using the information presented below, prepare and present a
properly formatted Balance Sheet. Present the Balance Sheet in any
format you wish (T-account or report format) so long as it is
professional looking and complete.
Accounts Payable
$16,670
Accumulated Depreciation/Amortization on
PPE
27,250
Additional Paid-in-Capital
46,400
Allowance for Doubtful accounts
350
Cash...
The information that follows relates to GAP latest Balance Sheet (dated December 31, 2017). The figures...
The information that follows relates to GAP latest Balance Sheet
(dated December 31, 2017). The figures are presented in Thousands
of U.S. Dollars unless noted otherwise. Using the information
presented below, prepare and present a properly formatted
Balance Sheet. Present the Balance Sheet in any format you
wish (T-account or report format) so long as it is professional
looking and complete.
Accounts Payable
$16,670
Accumulated Depreciation/Amortization on PPE
27,250
Additional Paid-in-Capital
46,400
Allowance for Doubtful accounts
350
Cash
110,325
Common...
The Balance Sheet of Njenge bank as at 31 December 2017 is as follows: Assets K...
The Balance Sheet of Njenge bank as at 31 December 2017 is as
follows:
Assets
K ’million
Liabilities
K’ million
Cash in hand
923
Issued & Paid-up Capital
200
Balances with Central Banks (1)
8,986
Reserves & Surplus (5)
54,464
Balances with Banks Abroad (2)
80,526
Deposits
110,568
Investment in Govt Securities (3)
35,428
Borrowings from Banks
66,084
Loans & Overdrafts (4)
104,362
Other Liabilities
532
Fixed Assets
942
Other Assets
681
Total assets
231,848
Total Liabilities
231,848
Memorandum
Item: ...
Randy has the following account balances on its balance sheet dated December 31, 2017: Accounts receivable...
Randy has the following account balances on its balance sheet
dated December 31, 2017: Accounts receivable 300,000 Less:
Allowance for doubtful accounts (50,000) $250,000 2 Transactions in
2018 included the following: 1. Accounts receivable of $100,000
were collected. This amount included gross accounts of $50,000 on
which 2% sales discounts were allowed. (Randy used the gross method
for sales discounts.) 2. Accounts receivable of $10,000 that had
been written off in 2017 were collected in 2018. 3. Accounts of
$40,000...
Crane Company's balance sheet accounts as of December 31, 2018 and 2017 and information relating to...
Crane Company's balance sheet accounts as of December 31, 2018
and 2017 and information relating to 2018 activities are presented
below.
December
31,
2018
2017
Assets
Cash
$ 438000
$ 198000
Short-term investments
598000
—
Accounts receivable (net)
1000000
1000000
Inventory
1360000
1180000
Long-term investments
398000
598000
Plant assets
3380000
1980000
Accumulated depreciation
(898000)
(898000)
Patent
178000
198000
Total assets
$6454000
$4256000
Liabilities and Stockholders' Equity
Accounts payable and accrued liabilities
$1640000...
The Edwards Lake Community Hospital balance sheet as of December 31, 2017, follows. EDWARDS LAKE COMMUNITY...
The Edwards Lake Community Hospital balance sheet as of
December 31, 2017, follows.
EDWARDS LAKE COMMUNITY HOSPITAL
Balance Sheet
As of December 31, 2017
Assets
Current assets:
Cash and Cash Equivalents
$
272,600
Accounts and notes receivable
(net of uncollectible accounts of $15,900)
26,600
Inventory
72,600
Total
current assets
371,800
Assets limited as to use:
Cash
$
17,240
Investments
229,720
Total
assets limited as to use
246,960
Property, plant, and equipment:
Land
210,600
Buildings (net...
The following information relates to the Brown Corporation for the year ended December 31, 2017: 2017...
The following information relates to the Brown Corporation for
the year ended December 31, 2017:
2017 net income $75,000
Unrealized holding gain on available-for-sale debt securities
during the year $6,000
Unrealized holding loss on equity securities classified as
trading securities ($4,000)
The accumulated other comprehensive income (AOCI) account had a
credit balance of $45,000 at the end of 2016. Assuming no other
changes during the year affected AOCI and assuming that the
unrealized loss on trading securities is already reflected...
Jafan Retailing, Balance Sheet Statement December 31, 2016 & December 31, 2017 2016 2017 Cash $ ...
Jafan Retailing, Balance Sheet
Statement December 31, 2016 & December 31, 2017
2016
2017
Cash
$ 235,000
$ 400,000
Accounts Receivable
367,200
325,000
Inventory
450,000
500,200
Prepaid Expenses
120,000
160,000
Long-term investment
100,000
300,000
Equiptment (Net)
1,050,000
1,125,000
Total Assets
$ 2,322,200
$ 2,810,200
Accounts Payable
$ 421,000
$ 411,000
Salary Payable
134,000
180,000
Interest Payable
110,000
112,000
Bonds Payable
550,000
560,000
Common Shares...
2. Ancy corporation’s balance sheet accounts as of December 31, 2017 and 2016 and information relating...
2. Ancy corporation’s balance sheet accounts as of December 31,
2017 and 2016 and information relating to 2015 activities are
presented below.
December 31,
2017
2016
Assets
Cash
$ 440,000
$ 200,000
Short-term investments
600,000
—
Accounts receivable (net)
1,020,000
1,020,000
Inventory
1,380,000
1,200,000
Long-term investments
400,000
600,000
Plant assets
3,400,000
2,000,000
Accumulated depreciation
(900,000)
(900,000)
Patent
180,000
200,000
Total assets
$6,520,000
$4,320,000
Liabilities and Stockholders' Equity
Accounts payable and accrued liabilities
$1,660,000
$1,440,000
Notes...
A) On December 31, 2017, SPK Corp reported the following information on its balance sheet: Accounts...
A) On December 31, 2017, SPK Corp reported the following
information on its balance sheet:
Accounts
Receivable $900,000
Less:
Allowance for Doubtful
Accounts
54,000 (credit)
During 2018, the company had the following transactions:
Sales
on
account $3,000,000
Collections
of accounts
receivables
2,850,000
Write-off
of accounts deemed
uncollectible
60,000
Recovery
of Bad debts previously written
off
12,000
(not
included in collections above)
If bad debts are estimated to be 1.5% of credit sales, determine
the ending balance in the Allowance
for
Doubtful Accounts...
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