Prepare a balance sheet for Alaskan Peach Corporation as of December 31, 2022, based on the following information: $193,000; patents and copyrights = $847,000; accounts payable = $296,000; accounts receivable = $ cash $189,000; accumulated 253,000; tangible net fixed assets = $5,100,000; inventory = $538,000; notes payable retained earnings = $4,586, 000; long-term debt = $1,250,000. = =
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- Prepare a balance sheet for Alaskan Peach Corporation as of December 31, 2022, based on the following information: cash = $199,000; patents and copyrights = $853,000; accounts payable = $290,000; accounts receivable = $259,000; tangible net fixed assets = $5,160,000; inventory = $544,000; notes payable = $183,000; accumulated retained earnings = $4,646,000; long-term debt = $1,190,000. Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Cash Accounts receivable Inventory Total assets Current assets Intangible net fixed assets Tangible net fixed assets Accounts payable Notes payable Balance Sheet Current liabilities Long-term debt Assets Liabilities Total liabilities Accumulated retained earnings Common stock Total liabilities & owners' equity $ 199,000 259,000 544,000Prepare a balance sheet for Alaskan Peach Corporation as of December 31, 2022, based on the following information: cash = $201,000; patents and copyrights = $855,000; accounts payable = $288,000; accounts receivable = $261,000; tangible net fixed assets = $5,180,000; inventory = $546,000; notes payable = $181,000; accumulated retained earnings = $4,666,000; long-term debt = $1,170,000. Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Current assets Total assets Current liabilities Total liabilities Balance Sheet Assets Liabilities Total liabilities & owners' equityPrepare a 2021 balance sheet for Willis Corporation based on the following information: Cash = $128,000; Patents and copyrights = $630,000; Accounts payable = $210,500; Accounts receivable = $100,000; Tangible net fixed assets = $1,620,000; Inventory = $293,500; Notes payable = $165,000; Accumulated retained earnings = $1,276,000; Long-term debt = $846,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.)
- Prepare a 2018 balance sheet for Rogers Corporation based on the following information: Cash = $360,000; Patents and copyrights = $670,000; Accounts payable= $350,000; Accounts receivable $149,000; Tangible net fixed assets = $3,700,000; Inventory $285,000; Notes payable= $170,000; Accumulated retained earnings = $1,235,000; Long-term debt = $1,930,000. What is the common stock account balance. for the company? Multiple Choice $1,881,000 $1,724,000 $1,819,000 24476000Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash $420,000; Patents and copyrights = $800,000; Accounts payable = $490,000; Accounts receivable = $149,000; Tangible net fixed assets = $4,000,000; Inventory = $195,000; Notes payable = $180,000; Accumulated retained earnings = $1,245,000; Long-term debt = $1,530,000. What is the common stock account balance for the company? =Prepare a 2021 balance sheet for Willis Corporation based on the following information: Cash = $138,000 Patents and copyrights = $630,000 Accounts payable = $216,500 Accounts receivable = $160,000 Tangible net fixed assets = $1,645,000 Inventory = $298,500 Notes payable = $155,000 Accumulated retained earnings = $1,256,000 Long-term debt = $856,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations. Terms: Accounts payable, Accounts receivable, Accumulated cash retained earnings, Cash, Common stock, Intangible net fixed assets, Inventory, Long-term debt, Notes Payable, Notes Receivable, Tangible net fixed assets.
- Prepare a 2020 balance sheet for Jarrow Corp. based on the following information: cash = $135,000; patents and copyrights = $630,000; accounts payable = $214,500; accounts receivable = $110,000; tangible net fixed assets = $1,640,000; inventory = $297,000; notes payable = $140,000; accumulated retained earnings = $1,262,000; long-term debt = $853,000. (Do not round intermediate calculations. Be sure to list the accounts in order of their liquidity.)Berhad has the following financial statement as at 31 December 2019: Jiki Berhad Statement of Financial Position as at 31 December 2019 Assets (RM) Plant (Net) 4,000,000 Research and Development 16,000,000 Cash 5,400,000 Trade Receivable (Net) 5,400,000 Interest Receivable 800,000 Inventory 2,000,000 Total Assets 33,600,000 Liabilities and Shareholders’ Equity Trade Payable 5,920,000 Loan Payable 9,300,000 Provision for warranties 300,000 Deferred tax liability 4,200,000 Share Capital 10,380,000 Retained Earnings 3,500,000 Total Liabilities and Shareholders’ Equity 33,600,000 Additional Information: a) Tax laws allow only specific bad debts. The carrying amount in the trade receivable account is after the provision of 10% provision of doubtful debts. b) Interest receivable is recorded on accrued basis however is taxable only upon receipt. c) The carrying amount of the plant is after providing accumulated depreciation of RM 6 million. As at 31…ABC Company, as of December 31, 2021 provided the following balances: Cash, net of a P7,000 overdraft 80,000 Receivable, net of customer credit balances totaling P6,000 30,000 Inventory (P20,000 of which are held on consignment 60,000 Prepayments 10,000 Property, plant and equipment, net of accumulated depreciation of P15,000 90,000 Accounts payable net of debit balances in suppliers' accounts of P3,000 45,000 Notes payable – bank, due on July 2022 25,000 Income tax payable 15,000 17. Total current assets reported in the December 31, 2021 balance sheet is a. 176,000 b. 156,000 c. 173,000 d. 170,000
- Carmela Company, as of December 31, 2021 provided the following balances: Cash, net of a P7,000 overdraft 80,000 Receivable, net of customer credit balances totaling P6,000 30,000 Inventory (P20,000 of which are held on consignment) 60,000 Prepayments 10,000 Property, plant and equipment, net of accumulated depreciation of P15,000 90,000 Accounts payable net of debit balances in suppliers' accounts of P3,000 45,000 Notes payable - bank, due on July 2022 25,000 Income tax payable 15,000 Total current assets reported in the December 31, 2021 balance sheet isCarmela Company, as of December 31, 2021 provided the following balances: Cash, net of a P7,000 overdraft 80,000 Receivable, net of customer credit balances totaling P6,000 30,000 Inventory (P20,000 of which are held on consignment) 60,000 Prepayments 10,000 Property, plant and equipment, net of accumulated depreciation of P15,000 90,000 Accounts payable net of debit balances in suppliers’ accounts of P3,000 45,000 Notes payable – bank, due on July 2022 25,000 Income tax payable 15,000 Total current assets reported in the December 31, 2021 balance sheet isThe following information (in $ millions) comes from the Annual Report of Saratoga Springs Company for the year ending 12/31/2024: Year ended 12/31/2024 $ 8,139 4,957 2,099 Net sales Cost of goods sold Selling and administrative expense Interest expense Income before taxes Net income Cash and cash equivalents Receivables, net Inventories Land, buildings and equipment at cost, net Total assets Total current liabilities Long-term debt Total liabilities Total stockholders' equity 606 477 648 Profit margin on sales 12/31/2024 $ 1,165 1,200. 1,245 13,690 $ 17,300 $ 5,937 5,781 $ 11,718 $5,582 Required: Compute the profit margin on sales for 2024. Note: Round your answer to 1 decimal place, e.g., 0.1234 as 12.3%. 12/31/2023 $ 83 854 709 4,034 $ 5,680 $ 2,399 2,411 $ 4,810 $ 870