BETHESDA MINING COMPANY Balance Sheets as of December 31, 2015 and 2016 2016 201
ID: 2815236 • Letter: B
Question
BETHESDA MINING COMPANY Balance Sheets as of December 31, 2015 and 2016 2016 2015 2015 2016 Assets Liabilities and Owners' Equity urrent assets Cash Accounts receivable Inventory S 34,678 59,281 130,795 S 224,754 196 S 44,680 % 79,639 % 197,317 % $321,636 Current liabilities % Accounts payable % Notes payable % Total % Long-term debt $ 192,922 88,020 280,942 $ 243,000 % $ 200,611 % 139,588 % $ 340.199 % $ 179,750 Total Owners' equity Common stock and paid-in surplus $ 212,000 146,359 $ 358,359 $ 882,301 % $ 212,000 % 179,065 % $ 391,065 % $ 911,014 ixed assets Accumulated retained earnings Net plant and equipment S 657,547 % $ 589,378 % Total otal assets s 882,301 % $911,014 % Total liabilities and owners' equityExplanation / Answer
Dear Student Thank you for using Chegg Please find below the answer BETHESDA MINING Company Balance sheets as of December 31 2015, and 2016 Assets 2015 2016 Liabilities and owners equity 2015 2016 Current Assets Current Liabilities Cash 34,678.00 3.93% 44,680.00 4.90% Accounts payable 192,922.00 21.87% 200,611.00 22.02% Accounts receivable 59,281.00 6.72% 79,639.00 8.74% Notes Payable 88,020.00 9.98% 139,588.00 15.32% Inventory 130,795.00 14.82% 197,317.00 21.66% Total 280,942.00 31.84% 340,199.00 37.34% Total 224,754.00 25.47% 321,636.00 35.31% Long tern debt 243,000.00 27.54% 179,750.00 19.73% Owners Equity Comon Stock and paid in surplus 212,000.00 24.03% 212,000.00 23.27% Fixed Assets Accumulated retained earnings 146,359.00 16.59% 179,065.00 19.66% Net plant and equipment 657,547.00 74.53% 589,378.00 64.69% Total 358,359.00 40.62% 391,065.00 42.93% Total Assets 882,301.00 100.00% 911,014.00 100.00% Total Liabilities and owners equity 882,301.00 100.00% 911,014.00 100.00%
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