Balance Sheet Calculations Cornerstone Development Company’s balance sheet information at the end of 2019 and 2020 is provided in random order, as follows:
Additional information: At the end of 2019, (a) the amount of long-term liabilities is twice the amount of current liabilities and (b) there are 2,900 shares of common stock outstanding. During 2020, the company (a) issued 100 shares of common stock for $25 per share, (b) earned net income of $20,600, and (c) paid dividends of $1 per share on the common stock outstanding at year-end.
Required:
Next Level Fill in the blanks lettered (a) through (p). All of the necessary information is provided. (Hint: It is not necessary to calculate your answers in alphabetical order.)
College Accounting, Chapters 1-27
Corporate Financial Accounting
Financial Accounting
Financial & Managerial Accounting
Managerial Accounting: The Cornerstone of Business Decision-Making
Financial And Managerial Accounting
Accounting Information Systems
Accounting Information Systems
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
MKTG 12:STUDENT ED.-TEXT
Contemporary Marketing
Essentials of Business Communication (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
Principles of Microeconomics (MindTap Course List)
STATISTICS F/BUSINESS+ECONOMICS-TEXT
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
Principles of Macroeconomics (MindTap Course List)
Essentials of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Foundations of Business (MindTap Course List)
Management, Loose-Leaf Version
College Accounting (Book Only): A Career Approach
Financial Accounting
Financial & Managerial Accounting
College Accounting (Book Only): A Career Approach
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
Accounting (Text Only)
Fundamentals of Financial Management (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
Pkg Acc Infor Systems MS VISIO CD
Exploring Economics
Statistics for Business & Economics, Revised (MindTap Course List)
Corporate Financial Accounting
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Survey of Accounting (Accounting I)
Economics (MindTap Course List)
Purchasing and Supply Chain Management
Economics For Today
Practical Management Science
Cornerstones of Cost Management (Cornerstones Series)
Microeconomics
Managerial Accounting
Cornerstones of Financial Accounting
Macroeconomics: Private and Public Choice (MindTap Course List)
MACROECONOMICS FOR TODAY
Understanding Management (MindTap Course List)
Micro Economics For Today
Microeconomics: Private and Public Choice (MindTap Course List)
Economics: Private and Public Choice (MindTap Course List)