Uhura Company Revised
Balance sheet
Click Link Below To Buy:
Contact Us:
Hwcoursehelp@gmail.com
Uhura Company has decided to expand its operations. The
bookkeeper recently completed the balance sheet presented below in order to
obtain additional funds for expansion.
|
UHURA COMPANY
BALANCE SHEET FOR THE YEAR ENDED 2014 |
||
|
Current assets
|
||
|
Cash
|
$232,890
|
|
|
Accounts receivable
(net)
|
342,890
|
|
|
Inventory
(lower-of-average-cost-or-market)
|
403,890
|
|
|
Equity investments
(trading)-at cost (fair value $123,660)
|
143,660
|
|
|
Property, plant, and equipment
|
||
|
Buildings (net)
|
573,660
|
|
|
Equipment (net)
|
163,660
|
|
|
Land held for future
use
|
178,660
|
|
|
Intangible assets
|
||
|
Goodwill
|
82,890
|
|
|
Cash surrender value
of life insurance
|
92,890
|
|
|
Prepaid expenses
|
14,890
|
|
|
Current liabilities
|
||
|
Accounts payable
|
138,660
|
|
|
Notes payable (due
next year)
|
127,890
|
|
|
Pension obligation
|
85,660
|
|
|
Rent payable
|
51,890
|
|
|
Premium on bonds
payable
|
55,890
|
|
|
Long-term liabilities
|
||
|
Bonds payable
|
503,660
|
|
|
Stockholders’ equity
|
||
|
Common stock, $1.00
par, authorized 400,000 shares, issued 292,890
|
292,890
|
|
|
Additional paid-in
capital
|
162,890
|
|
|
Retained earnings
|
?
|
|
Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $162,890 and for the equipment, $107,890. The allowance for doubtful accounts has a balance of $19,890. The pension obligation is considered a long-term liability. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Buildings and Equipment. Enter account name only and do not provide the descriptive information provided in the quest
No comments:
Post a Comment