Home / Questions / Arrange the following items in proper balance sheet presentation Amounts to be deducted sh...

Arrange the following items in proper balance sheet presentation Amounts to be deducted should be indicated with parentheses or a minus sign Accumulated depreciation $ 377000 Retained earning

Arrange the following items in proper balance sheet presentation: (Amounts to be deducted should be indicated with parentheses or a minus sign.)
  

 

     
Accumulated depreciation $ 377,000
Retained earnings   87,000
Cash   12,000
Bonds payable   215,000
Accounts receivable   52,000
Plant and equipment—original cost   844,000
Accounts payable   38,000
Allowance for bad debts   13,000
Common stock, $1 par, 100,000 shares outstanding   100,000
Inventory   66,000
Preferred stock, $56 par, 1,000 shares outstanding   56,000
Marketable securities   26,000
Investments   22,000
Notes payable   41,000
Capital paid in excess of par (common stock)   95,000

 
 
Balance Sheet
Assets Liabilities and Stockholders’ Equity
Current Assets:     Current Liabilities:  
         
         
         
      Total current liabilities $0
      Long-term liabilities  
         
Net accounts receivable   $0    
Total current assets   $0 Total liabilities $0
Other Assets:     Stockholders’ Equity:  
         
         
Fixed assets:        
         
         
Net plant and equipment   0 Total stockholders’ equity $0
Total assets   $0 Total liabilities and stockholders’ equity $0

Apr 15 2020 Read more Less More

Answer (Solved)

question Subscribe To Get Solution

Recent Questions

Chat Now

Welcome to Live Chat

Welcome to MyCourseHelp Services, World's leading Academic solutions provider with Millions of Happy Students.

Please fill in the form