.Unclassified Balance Sheets December 31, 2018 and 2019 2018 2019 Cash 10,000 8,000 Accounts Receivable 26,500 22,500 Inventory 14,500 18,500 Prepaid Expenses 4,100 10,800 Equipment 255,000 310,000 Accumulated Depreciation 105,000 120,000 Total Assets 205,100 249,800 Current Liabilities: Accounts Payable 18,000 10,000 Accrued Expenses 2,100 2,000 Dividends Payable 5,000 7,300 Mortgage Payable(current) 5,000 20,000 Mortgage Payable(long-term) 75,000 80,000 Common Stock 50,000 70,000 Treasury Stock (20,000) (30,000) Retained Earnings 70,000 90,500 Total Liabilities and Owner’s Equity 205,100 249,800 4.How much does the Molehill owe its stockholders at the end of 2019?7 5.What amount of existing debt must be paid during 2020?

.Unclassified Balance Sheets December 31, 2018 and 2019 2018 2019 Cash 10,000 8,000 Accounts Receivable 26,500 22,500 Inventory 14,500 18,500 Prepaid Expenses 4,100 10,800 Equipment 255,000 310,000 Accumulated Depreciation 105,000 120,000 Total Assets 205,100 249,800 Current Liabilities: Accounts Payable 18,000 10,000 Accrued Expenses 2,100 2,000 Dividends Payable 5,000 7,300 Mortgage Payable(current) 5,000 20,000 Mortgage Payable(long-term) 75,000 80,000 Common Stock 50,000 70,000 Treasury Stock (20,000) (30,000) Retained Earnings 70,000 90,500 Total Liabilities and Owner’s Equity 205,100 249,800 4.How much does the Molehill owe its stockholders at the end of 2019?7 5.What amount of existing debt must be paid during 2020?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 10MC

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bartleby, a Learneo, Inc. business

	2018	2019
Cash	10,000	8,000
Accounts Receivable	26,500	22,500
Inventory	14,500	18,500
Prepaid Expenses	4,100	10,800
Equipment	255,000	310,000
Accumulated Depreciation	105,000	120,000
Total Assets	205,100	249,800

Current Liabilities:
Accounts Payable	18,000	10,000
Accrued Expenses	2,100	2,000
Dividends Payable	5,000	7,300
Mortgage Payable(current)	5,000	20,000
Mortgage Payable(long-term)	75,000	80,000
Common Stock	50,000	70,000
Treasury Stock	(20,000)	(30,000)
Retained Earnings	70,000	90,500
Total Liabilities and Owner’s Equity	205,100	249,800