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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