Reference no: EM133133531
Question - Balance Sheet - A list of XYZ company accounts is presented below in alphabetical order:
Acc. Dep. - Buildings $53,000.00
Acc. Dep. - Equipment $35,100.00
Acc. Other Comprehensive Income $1,100.00
Accounts Payable $22,400.00
Accounts Receivable $21,500.00
Additional Paid in Capital - common $24,000.00
Additional Paid in Capital - preferred $11,500.00
Allowance for Doubtful Accounts $800.00
Bonds Payable (due 2027) $77,000.00
Buildings $144,000.00
Cash $2,900.00
Common Stock, $10 par $30,000.00
Current Tax Payable $10,400.00
Discount on Bonds Payable $6,900.00
Equipment $72,400.00
Inventory $37,200.00
Land $30,000.00
Marketable Securities (short term) $6,100.00
Patents (net) $9,800.00
Preferred stock, $100 par $21,000.00
Retained Earnings $46,200.00
Revenues $107,000.00
Salaries expense $39,000.00
Salaries Payable $2,000.00
Trademarks $3,700.00
Required -
1. Do a Balance Sheet as of December 31, 2019.
2. Calculate working capital.
3. Calculate the current ratio.
You must detail the games that involve calculations.