{"id":52874,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/balance-sheets"},"modified":"2017-08-16T12:52:29","modified_gmt":"2017-08-16T12:52:29","slug":"balance-sheets","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/balance-sheets\/","title":{"rendered":"Balance Sheets"},"content":{"rendered":"<p><b>Prepare<\/b>&nbsp;the liabilities section of O&#8217;Brian&#8217;s balance sheet using the following information:&nbsp;<\/p>\n<ul>\n<li>Accounts payable $157,000<\/li>\n<li>Notes payable&nbsp;(due May 1, 2018)&nbsp;$20,000&nbsp;<\/li>\n<li>Bonds payable (due 2021) $900,000<\/li>\n<li>Unearned rent revenue $240,000<\/li>\n<li>Discount on bonds payable $41,000<\/li>\n<li>FICA taxes payable $7,800<\/li>\n<li>Interest payable $40,000<\/li>\n<li>Notes payable (due 2019) $80,000<\/li>\n<li>Income taxes payable $3,500<\/li>\n<li>Sales taxes payable $1,700&nbsp;<\/li>\n<\/ul>\n<p><b>Show<\/b>&nbsp;work on the Part 3 Excel\u00ae&nbsp;spreadsheet.<\/p>\n<p><b>Answer<\/b>&nbsp;the following questions in 1,050 words using the Lachlin&nbsp;Corporation Balance Sheet located on p. 575 of&nbsp;Financial Accounting:<\/p>\n<ul>\n<li>How many shares of common stock are outstanding?<\/li>\n<li>Assuming there is a stated value, what is the stated value of the common stock?<\/li>\n<li>What is the par value of the preferred stock?<\/li>\n<li>If the annual dividend on preferred stock is $36,000, what is the dividend rate on preferred stock?<\/li>\n<li>If dividends of $72,000 were in arrears on preferred stock, what would be the balance reported for retained earnings?<\/li>\n<\/ul>\n<p><b><b>Use<\/b>&nbsp;<\/b>the Part 4&nbsp;Excel\u00ae&nbsp;spreadsheet and&nbsp;<b>submit<\/b>&nbsp;with your answers. &nbsp;You must also submit the answers with discussion on the topic for the 1,050 word requirement via MS Word in APA format .<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prepare&nbsp;the liabilities section of O&#8217;Brian&#8217;s balance sheet using the following information:&nbsp; Accounts payable $157,000 Notes payable&nbsp;(due May 1, 2018)&nbsp;$20,000&nbsp; Bonds payable (due 2021) $900,000 Unearned rent revenue $240,000 Discount on bonds payable $41,000 FICA taxes payable $7,800 Interest payable $40,000 <a href=\"https:\/\/www.benedictsol.com\/blogs\/balance-sheets\/\" 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-52874","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/52874","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=52874"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/52874\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=52874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=52874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=52874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}