Balance Sheet
ASSETS:
Cash and Marketable Securities: $75.00
Accounts Receivable: $100.00
Inventories: $200.00
TOTAL CURRENT ASSETS: $375.00
Gross Property, Plant and Equipment: (blank)
less Accumulated Depreciation: $50.00
NET FIXED ASSETS: (blank)
TOTAL ASSETS: (blank)
LIABILITIES AND EQUITY:
Accounts Payable: $75.00
Notes Payable: (blank)
Accruals: $75.00
TOTAL CURRENT LIABILITIES: $300.00
Long Term Debt: $350.00
TOTAL LIABILITIES: $650.00
PREFERRED STOCK: (blank)
Common Stock: $50.00
Accumulated Retained Earnings: $125.00
COMMON EQUITY: $175.00
TOTAL LIABILITIES AND EQUITY: $875.00
1. Consider the balance sheet above:
A. What is the value for total assets?
B. What is the value for net fixed assets?
C. What is the value for gross, property, plant andequipment?
D. What is the value for notes payable?
E. What is the value for preferred stock?
Thank you in advance!!
Balance Sheet
ASSETS:
Cash and Marketable Securities: $75.00
Accounts Receivable: $100.00
Inventories: $200.00
TOTAL CURRENT ASSETS: $375.00
Gross Property, Plant and Equipment: (blank)
less Accumulated Depreciation: $50.00
NET FIXED ASSETS: (blank)
TOTAL ASSETS: (blank)
LIABILITIES AND EQUITY:
Accounts Payable: $75.00
Notes Payable: (blank)
Accruals: $75.00
TOTAL CURRENT LIABILITIES: $300.00
Long Term Debt: $350.00
TOTAL LIABILITIES: $650.00
PREFERRED STOCK: (blank)
Common Stock: $50.00
Accumulated Retained Earnings: $125.00
COMMON EQUITY: $175.00
TOTAL LIABILITIES AND EQUITY: $875.00
1. Consider the balance sheet above:
A. What is the value for total assets?
B. What is the value for net fixed assets?
C. What is the value for gross, property, plant andequipment?
D. What is the value for notes payable?
E. What is the value for preferred stock?
Thank you in advance!!
Related questions
Arrange the following items in proper balance sheetpresentation: (Amounts to be deducted should be indicatedwith parentheses or a minus sign.)
| Accumulated depreciation | $ | 391,000 |
| Retained earnings | 35,000 | |
| Cash | 19,000 | |
| Bonds payable | 174,000 | |
| Accounts receivable | 49,000 | |
| Plant and equipmentâoriginal cost | 741,000 | |
| Accounts payable | 37,000 | |
| Allowance for bad debts | 6,000 | |
| Common stock, $1 par, 100,000 shares outstanding | 100,000 | |
| Inventory | 68,000 | |
| Preferred stock, $54 par, 1,000 shares outstanding | 54,000 | |
| Marketable securities | 21,000 | |
| Investments | 27,000 | |
| Notes payable | 36,000 | |
| Capital paid in excess of par (common stock) | 92,000 | |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Just Dew It Corporation reports the following balance sheet information for 2014 and 2015. |
| JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets | ||||||||||||||||
| Assets | Liabilities and Ownersâ Equity | |||||||||||||||
| 2014 | 2015 | 2014 | 2015 | |||||||||||||
| Current assets | Current liabilities | |||||||||||||||
| Cash | $ | 6,600 | $ | 12,750 | Accounts payable | $ | 50,000 | $ | 68,750 | |||||||
| Accounts receivable | 12,200 | 14,250 | Notes payable | 19,000 | 35,500 | |||||||||||
| Inventory | 78,200 | 95,250 | ||||||||||||||
| Total | $ | 97,000 | $ | 122,250 | Total | $ | 69,000 | $ | 104,250 | |||||||
| Long-term debt | $ | 48,000 | $ | 45,000 | ||||||||||||
| Ownersâ equity | ||||||||||||||||
| Common stock and paid-in surplus | $ | 50,000 | $ | 50,000 | ||||||||||||
| Retained earnings | 233,000 | 300,750 | ||||||||||||||
| Net plant and equipment | $ | 303,000 | $ | 377,750 | Total | $ | 283,000 | $ | 350,750 | |||||||
| Total assets | $ | 400,000 | $ | 500,000 | Total liabilities and ownersâ equity | $ | 400,000 | $ | 500,000 | |||||||
| Prepare the 2014 and 2015 common-size balance sheets for Just Dew It. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) |
| 2014 | 2015 | ||||||||||||
| Assets | |||||||||||||
| Current assets | |||||||||||||
| Cash | $ | 6,600 | % | $ | 12,750 | % | |||||||
| Accounts receivable | 12,200 | % | 14,250 | % | |||||||||
| Inventory | 78,200 | % | 95,250 | % | |||||||||
| Total | $ | 97,000 | % | $ | 122,250 | % | |||||||
| Fixed assets | |||||||||||||
| Net plant and equipment | $ | 303,000 | % | $ | 377,750 | % | |||||||
| Total assets | $ | 400,000 | % | $ | 500,000 | % | |||||||
| Liabilities and Ownersâ Equity | |||||||||||||
| Current liabilities | |||||||||||||
| Accounts payable | $ | 50,000 | % | $ | 68,750 | % | |||||||
| Notes payable | 19,000 | % | 35,500 | % | |||||||||
| Total | $ | 69,000 | % | $ | 104,250 | % | |||||||
| Long-term debt | $ | 48,000 | % | $ | 45,000 | % | |||||||
| Owners' equity | |||||||||||||
| Common stock and paid-in surplus | $ | 50,000 | % | $ | 50,000 | % | |||||||
| Accumulated retained earnings | 233,000 | % | 300,750 | % | |||||||||
| Total | $ | 283,000 | % | $ | 350,750 | % | |||||||
| Total liabilities and owners' equity | $ | 400,000 | % | $ | 500,000 | % | |||||||
| P5-3 Preparing a Balance Sheet and Analyzing Some of Its Parts LO5-3 | |||||||
| Exquisite Jewelers is developing its annual financial statements for 2015. The following amounts were correct at December 31, 2015: | |||||||
| cash, $58,000; accounts receivable, $71,000; merchandise inventory, $154,000; prepaid insurance, $1,500; | |||||||
| investment in stock of Z corporation (long-term), $36,000; store equipment, $67,000; used store equipment held for disposal, $9,000; | |||||||
| accumulated depreciation, store equipment, $19,000; accounts payable, $52,500; long-term note payable, $42,000; income taxes payable, $9,000; | |||||||
| retained earnings, $164,000; and common stock, 100,000 shares outstanding, par value $1.00 per share (originally sold and issued at $1.10 per share). | |||||||
| Required: | |||||||
| 1 | Based on these data, prepare a December 31, 2015, balance sheet. (Amounts to be deducted should be indicated by a minus sign.) | ||||||
| Possible input areas are shaded. | |||||||
| EXQUISITE JEWELERS | |||||||
| Balance Sheet | |||||||
| December 31, 2015 | |||||||
| Assets | |||||||
| Current assets: | |||||||
| Total current assets | $ - | ||||||
| Long-term investments: | |||||||
| Fixed assets: | |||||||
| Total fixed assets | - | ||||||
| Other assets: | |||||||
| Total assets | $ 377,500 | ||||||
| Liabilities | |||||||
| Current liabilities: | |||||||
| Total current liabilities | $ - | ||||||
| Long-term liabilities: | |||||||
| Total liabilities | - | ||||||
| Stockholders' Equity | |||||||
| Contributed capital: | |||||||
| Total contributed capital | - | ||||||
| Total stockholders' equity | - | ||||||
| Total liabilities and stockholders' equity | $ - | ||||||
| Required: | |||||||
| 2 | What is the net book value of the store equipment? | ||||||
| Net book value | |||||||
