Solution-Prepare properly classified statement of financial

Prepare properly classified statement of financial position

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Question - The December 31, 2021 statement of financial position accounts of Tokyo Manji Company are shown below in alphabetical order:

Account	Amount
Accounts Payable	236,000.00
Accounts Receivable	115,000.00
Accumulated Amortization - Patents	22,000.00
Accumulated Amortization - Trademarks	17,000.00
Accumulated Depreciation - Buildings	530,000.00
Accumulated Depreciation - Equipment	351,000.00
Allowance for Bad Debts	8,000.00
Appropriated Retained Earnings	45,000.00
Bonds Payable	770,000.00
Buildings	1,440,000.00
Cash and Cash Equivalents	35,000.00
Deferred Tax Liability	50,000.00
Discount of Bonds Payable	69,000.00
Equipment	624,000.00
Financial Assets at FVPL	61,000.00
Income Tax Payable	150,000.00
Inventory	322,000.00
Investment in Associates	250,000.00
Land	1,300,000.00
Ordinary Share Capital	1,300,000.00
Patents	120,000.00
Preference Share Capital	210,000.00
Retained Earnings	262,000.00
Salaries Payable	20,000.00
Share Dividends Distributable	24,000.00
Share Premium - Ordinary	240,000.00
Share Premium - Preference	81,000.00
Trademarks	60,000.00
Withholding Taxes Payable	80,000.00

Required - Prepare the properly classified statement of financial position for Tokyo Manji Company as of December 31, 2021.

Reference no: EM133173885

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Prepare properly classified statement of financial position

Reference no: EM133173885

Reference no: EM133173885

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