{"id":124270,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/prepare-a-properly-classified-balance-sheet"},"modified":"2017-08-16T05:57:30","modified_gmt":"2017-08-16T05:57:30","slug":"prepare-a-properly-classified-balance-sheet","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/prepare-a-properly-classified-balance-sheet\/","title":{"rendered":"Prepare a properly classified balance sheet"},"content":{"rendered":"<div class=\"the_content_wrapper\">\n<p> Balance Sheet \u2013 The following is an alphabetical list of the December 31, 2007 balance sheet accounts and amounts for the Green Manufacturing Company:<\/p>\n<p>Accounts payable<\/p>\n<p>$20,900<\/p>\n<p>Accumulated depreciation: machinery<\/p>\n<p>Accounts receivable<\/p>\n<p>15,300<\/p>\n<p>and equipment<\/p>\n<p>30,000<\/p>\n<p>Accrued pension cost<\/p>\n<p>13,300<\/p>\n<p>Allowance for doubtful accounts<\/p>\n<p>1,000<\/p>\n<p>Accumulated depreciation: buildings<\/p>\n<p>32,400<\/p>\n<p>Bond sinking fund<\/p>\n<p>7,700<\/p>\n<p>Bonds payable (due 2021)<\/p>\n<p>29,000<\/p>\n<p>Marketable securities (short-term)<\/p>\n<p>8,400<\/p>\n<p>Buildings<\/p>\n<p>92,500<\/p>\n<p>Notes payable (short-term)<\/p>\n<p>5,000<\/p>\n<p>Cash<\/p>\n<p>7,200<\/p>\n<p>Patents (net)<\/p>\n<p>8,600<\/p>\n<p>Common stock, $10 par<\/p>\n<p>44,100<\/p>\n<p>Preferred stock, $100 par<\/p>\n<p>30,000<\/p>\n<p>Deferred taxes payable<\/p>\n<p>2,800<\/p>\n<p>Premium on common stock<\/p>\n<p>16,300<\/p>\n<p>Discount on bonds payable<\/p>\n<p>2,500<\/p>\n<p>Premium on preferred stock<\/p>\n<p>7,000<\/p>\n<p>Dividends payable<\/p>\n<p>5,600<\/p>\n<p>Prepaid insurance<\/p>\n<p>2,600<\/p>\n<p>Finished goods<\/p>\n<p>23,800<\/p>\n<p>Raw materials<\/p>\n<p>10,100<\/p>\n<p>Income taxes payable<\/p>\n<p>8,900<\/p>\n<p>Retained earnings<\/p>\n<p>28,100<\/p>\n<p>Interest payable<\/p>\n<p>500<\/p>\n<p>Unearned rent<\/p>\n<p>5,000<\/p>\n<p>Investment in available-for-sale stock<\/p>\n<p>16,400<\/p>\n<p>Unrealized increase in value of available-for-sale stock<\/p>\n<p>2,000<\/p>\n<p>Land<\/p>\n<p>17,000<\/p>\n<p>Wages payable<\/p>\n<p>2,700<\/p>\n<p>Machinery and equipment<\/p>\n<p>57,800<\/p>\n<p>Work in process<\/p>\n<p>14,700<\/p>\n<p>Required<\/p>\n<p>Prepare a properly classified balance sheet for the Green Manufacturing Company on December 31, 2007. List the additional parenthetical or note disclosures (if any) that should be made for each item. Compute the working capital and the current ratio.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Balance Sheet \u2013 The following is an alphabetical list of the December 31, 2007 balance sheet accounts and amounts for the Green Manufacturing Company: Accounts payable $20,900 Accumulated depreciation: machinery Accounts receivable 15,300 and equipment 30,000 Accrued pension cost 13,300 <a href=\"https:\/\/www.benedictsol.com\/blogs\/prepare-a-properly-classified-balance-sheet\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-124270","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/124270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=124270"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/124270\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=124270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=124270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=124270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}