Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Assets Current liabilities Liabilities and Owners' Equity Accounts payable Notes payable Total Long-term debt Owners' equity BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 2021 % Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ $ $ $ $ $ $ $ $ $ 27,536 66,346 156,765 250,647 853,518 1,104,165 198,119 91,496 289,615 345,000 175,000 294,550 469,550 1,104,165 dº 6⁰ dº 2⁰ % $ % % % $ % $ 950,097 % $ 1,244,929 % % % % % % % % $ $ $ $ 2022 $ $ 31,383 77,916 185,533 294,832 209,844 104,992 314,836 365,000 183,000 382,093 565,093 1,244,929 % % % % % % % % % % % % % % %
Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Assets Current liabilities Liabilities and Owners' Equity Accounts payable Notes payable Total Long-term debt Owners' equity BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 2021 % Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ $ $ $ $ $ $ $ $ $ 27,536 66,346 156,765 250,647 853,518 1,104,165 198,119 91,496 289,615 345,000 175,000 294,550 469,550 1,104,165 dº 6⁰ dº 2⁰ % $ % % % $ % $ 950,097 % $ 1,244,929 % % % % % % % % $ $ $ $ 2022 $ $ 31,383 77,916 185,533 294,832 209,844 104,992 314,836 365,000 183,000 382,093 565,093 1,244,929 % % % % % % % % % % % % % % %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Bethesda Mining Company reports the following
Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places
![Current assets
Cash
Accounts receivable
Inventory
Total
Fixed assets
Net plant and equipment
Total assets
Assets
Current liabilities
Liabilities and Owners' Equity
Accounts payable
Notes payable
Total
Long-term debt
Owners' equity
BETHESDA MINING COMPANY
Balance Sheets as of December 31, 2021 and 2022
2021
%
Common stock and paid-in surplus
Accumulated retained earnings
Total
Total liabilities and owners' equity
$
$
$
$
$
$
$
$
27,536
66,346
156,765
250,647
853,518
1,104,165
198,119
91,496
289,615
345,000
175,000
294,550
$ 469,550
$
1,104,165
% $
%
%
% $
% $
%
$
% $
do do do do
%
%
$
% $
% $
%
%
%
$
$
2022
31,383
77,916
185,533
294,832
950,097
1,244,929
209,844
104,992
314,836
365,000
183,000
382,093
565,093
1,244,929
%
%
%
%
%
%
%
do do do 8⁰°
%
%
%
%
%
%
%
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F54e8c682-be67-4ef0-bd1d-cf8b2e543b76%2F826ecb88-ef8e-49cb-9923-5cf643fb21ce%2F623wavx_processed.png&w=3840&q=75)
Transcribed Image Text:Current assets
Cash
Accounts receivable
Inventory
Total
Fixed assets
Net plant and equipment
Total assets
Assets
Current liabilities
Liabilities and Owners' Equity
Accounts payable
Notes payable
Total
Long-term debt
Owners' equity
BETHESDA MINING COMPANY
Balance Sheets as of December 31, 2021 and 2022
2021
%
Common stock and paid-in surplus
Accumulated retained earnings
Total
Total liabilities and owners' equity
$
$
$
$
$
$
$
$
27,536
66,346
156,765
250,647
853,518
1,104,165
198,119
91,496
289,615
345,000
175,000
294,550
$ 469,550
$
1,104,165
% $
%
%
% $
% $
%
$
% $
do do do do
%
%
$
% $
% $
%
%
%
$
$
2022
31,383
77,916
185,533
294,832
950,097
1,244,929
209,844
104,992
314,836
365,000
183,000
382,093
565,093
1,244,929
%
%
%
%
%
%
%
do do do 8⁰°
%
%
%
%
%
%
%
%
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 1 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education