Prepare a properly formatted Balance Sheet using the following line item entries. This Balanc
Sheet is worth 50 points. Remember these items are in random order!!!!! Do your best!
57,060.00
Land
47,750.00
Notes payable
65,150.00
Patent
Marketable Securities
65,000.00
Prepaid Insurance
8,000.00
Furniture
27,000.00
Trademark
32,850.00
Deferred taxes
26,000.00
Income taxes payable
27,532.00
Cash in the bank
32,000.00
Goodwill
25,000.00
Machinery
232,000.00
Cash on hand
27,000.00
Buildings
315,210.00
Accounts payable
75,000.00
Long Term Debt Mortgage
335,000.00
Other liabilities
52,000.00
Accounts receivable
236,000.00
Accrued expenses
42,000.00
Long Term Debt
72,317.00
Inventory
180,218.00
Equipment
25,000.00
Less depreciation
-137,050.00
Do the Following:
Calculate the following:
Total Current Assets
Total Property Plant and Equipment
(Long-term assets)
Total Goodwill and Other Intangibles
Total Assets
Total Current Liabilities
Total Long Term Liabilities
Total Liabilities
Total Stockholder's Equity
Total Liabilities & Stockholder's Equity