Essay Available:
Pages:
2 pages/β550 words
Sources:
Check Instructions
Style:
APA
Subject:
Mathematics & Economics
Type:
Math Problem
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 8.64
Topic:
Create a Balance Sheet
Math Problem Instructions:
Complete Balance Sheet Exercise
Complete the balance sheet using the financial data that follows for Walldorf Company. The end of the fiscal period is August 31. Separate the current assets from fixed assets and the current liabilities from long-term debt.
• Accounts receivable $1,312,000
• Accounts payable $1,022,000
• Additional paid-in capital $1,110,000
• Cash and cash equivalents $ 83,000
• Common stock, $1 par value $ 74,000
• Credit line $ 100,000
• Current portion of long-term debt $ 52,000
• Inventory $ 1,270,000
• Long-term debt $ 1,037,000
• Other current assets and accruals $ 85,000
• Other long-term assets $ 213,000
• Other long-term liabilities $ 525,000
• Property, plant, and equipment $2,230,000
• Retained earnings $1,273,000
Math Problem Sample Content Preview:
Balance Sheet
Name
Course Code, Course Name
Department, University
Tutor
Walldorf Company
Balance Sheet
As at 31st August, 2020
Current assets:
Accounts Receivable
$
1,312,000
Cash and cash equivalents
83,000
Inventory
1,270,000
Other current assets and accruals
85,000
Total current assets
2,750,000
Property, plant, and equipment
2,230,000
Other long term assets
213,000
Total Assets
5,193,000
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