balance Sheet - statement of financial position 3. Accounts Payable $14,500 Acco
ID: 2394232 • Letter: B
Question
balance Sheet - statement of financial position
3.
Accounts Payable
$14,500
Accounts Receivable
$2,500
Accumulated Amortization, patents
$3,500
Accumulated Depreciation, equipment
$3,000
Retained Earnings
$6,400
Cash
$41,900
Common Shares
$40,000
Equipment
$3,500
Land
$15,000
Long-term investments
$500
Bank loan payable (due in 5 years)
$4,200
Patents
$5,500
Short-term (trading) investments
$2,700
Please make a balance sheet ;The following information is available for Jordi Ltd. at December 31, 2017:
Accounts Payable
$14,500
Accounts Receivable
$2,500
Accumulated Amortization, patents
$3,500
Accumulated Depreciation, equipment
$3,000
Retained Earnings
$6,400
Cash
$41,900
Common Shares
$40,000
Equipment
$3,500
Land
$15,000
Long-term investments
$500
Bank loan payable (due in 5 years)
$4,200
Patents
$5,500
Short-term (trading) investments
$2,700
Explanation / Answer
Jordi Limited Balance Sheet December 31, 2017 Assets Current assets: Cash 41900 Short-term (trading) investments 2700 Accounts receivable 2500 Total current assets 47100 Long-term investments 500 Property, plant, and equipment Land 15000 Equipment 3500 Less: Accumulated depreciation -3000 500 Total property, plant, and equipment 15500 Intangible assets: Patents, net 2000 Total assets 65100 Liabilities and Stockholders' Equity Current liabilities: Accounts payable 14500 Long-term liabilities: Bank loan payable 4200 Total liabilities 18700 Stockholders' Equity Common shares 40000 Retained earnings 6400 Total stockholders' equity 46400 Total liabilities and stockholders' equity 65100
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.