### Bethesda Mining Company Balance Sheets: 2021 and 2022Bethesda Mining Company reports the following balance sheet information for the years 2021 and 2022. Provided below are the details needed to prepare the 2021 and 2022 common-size balance sheets for Bethesda Mining. **Note:** Do not round intermediate calculations and enter your answers as a percent rounded to two decimal places, e.g., 32.16.---#### Assets- **Current Assets**: - **Cash**: - 2021: $58,042 - 2022: $73,306 - **Accounts Receivable**: - 2021: $63,781 - 2022: $84,139 - **Inventory**: - 2021: $120,205 - 2022: $185,490 - **Total Current Assets**: - 2021: $242,028 - 2022: $342,935- **Fixed Assets**: - **Net Plant and Equipment**: - 2021: $658,447 - 2022: $589,828 - **Total Assets**: - 2021: $900,475 - 2022: $932,763#### Liabilities and Owners' Equity- **Current Liabilities**: - **Accounts Payable**: - 2021: $188,422 - 2022: $196,111 - **Notes Payable**: - 2021: $83,520 - 2022: $135,088 - **Total Current Liabilities**: - 2021: $271,942 - 2022: $331,199- **Long-Term Debt**: - 2021: $234,000 - 2022: $170,750- **Owners' Equity**: - **Common Stock and Paid-in Surplus**: - 2021: $221,000 - 2022: $221,000 - **Accumulated Retained Earnings**: - 2021: $173,533 - 2022: $209,814 - **Total Owners' Equity**:

VERTICAL ANALYSIS OF BALANCE SHEETVertical analysis is a proportional analysis of financial…

Bethesda Mining Company reports the following balance sheet information for 2021 and 2022. Prepare the 2021 and 2022 common-size balance sheets for Bethesda Mining. Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 2021 % Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ 58,042 63,781 120,205 $ 242,028 $ 658,447 $ 900,475 $ 188,422 83,520 $ 271,942 $ 234,000 $ 221,000 173,533 $ 394,533 $ 900,475 % $ 73,306 84,139 % % 185,490 %$ 342,935 2022 % $589,828 % $932,763 % % % % $ 196,111 135,088 $331,199 $ 170,750 % $221,000 % 209,814 % $430,814 %$932,763 % % % % % de de % % % % % % % % % % 28

Bethesda Mining Company reports the following balance sheet information for 2021 and 2022. Prepare the 2021 and 2022 common-size balance sheets for Bethesda Mining. Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 2021 % Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ 58,042 63,781 120,205 $ 242,028 $ 658,447 $ 900,475 $ 188,422 83,520 $ 271,942 $ 234,000 $ 221,000 173,533 $ 394,533 $ 900,475 % $ 73,306 84,139 % % 185,490 %$ 342,935 2022 % $589,828 % $932,763 % % % % $ 196,111 135,088 $331,199 $ 170,750 % $221,000 % 209,814 % $430,814 %$932,763 % % % % % de de % % % % % % % % % % 28

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 7E

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Prepare the 2021 and 2022 common-size balance sheets for Bethesda Mining. Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Assets Current liabilities Liabilities and Owners' Equity Accounts payable Notes payable Total Long-term debt Owners' equity BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 2021 % Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ $ $ LA $ $ EA $ GA $ EA 40,010 60,281 128,441 228,732 GA 657,747 886,479 191,922 87,020 278,942 241,000 $ 214,000 152,537 $ 366,537 886,479 Saved * % $ % % % ote ote % $ % ote ote ote o % $ $ % GA % % GA SA % $ 199,611 % 138,588 % 338, 199 % 177,750 $ $ $ 2022 $ 51,181 80,639 194,689 326,509 SA SA 589,478 915,987 214,000 186,038 400,038 $ 915,987 % % % % % % % % % 1% % dº 60 dº 60 %…
Bethesda Mining Company reports the following balance sheet information for 2021 and 2022. Prepare the 2021 and 2022 common-size balance sheets for Bethesda Mining. Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Current assets Cash Accounts receivable Inventory Total Fixed assets Assets Net plant and equipment Total assets Current liabilities Liabilities and Owners' Equity Accounts payable Notes payable Total Long-term debt Owners' equity BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 2021 % Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ $ $ $ $ $ $ $ $ $ 55,526 63,281 121,382 240,189 658,347 898,536 188,922 84,020 272,942 235,000 220,000 170,594 390,594 898,536 % $ % % % $ % $ % $ % % % $ % $ $ % $ % % % 2022 LA LA 70,205 83,639 186,805 340,649 589,778 930,427. 196,611 135,588 332,199 171,750 220,000 206,478 $ 426,478 $…
Bethesda Mining Company reports the following balance sheet information for 2021 and 2022. Prepare the 2021 and 2022 common-size balance sheets for Bethesda Mining. Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Current assets Cash Accounts receivable Inventory Total Fixed assets Assets Net plant and equipment Total assets Current liabilities Liabilities and Owners' Equity BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 2021 % Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ 113,146 $ 252,645 $ $ $ 69 72,718 66,781 $ 185,422 80,520 $ 265,942 $ 228,000 $ $ 659,047 911,692 227,000 190,750 417,750 911,692 % $ % % % $ % $ % % $ % $ % 590,128 $ % $ 946,363 69 % $ % % $ % $ 2022 69 91,489 87,139 177,607 356,235 193,111 132,088 325,199 164,750 227,000 229,414 456,414…
es Bethesda Mining Company reports the following balance sheet information for 2021 and 2022 Prepare the 2021 and 2022 common-size balance sheets for Bethesda Mining. Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal pla Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Assets Current liabilities Liabilities and Owners' Equity Accounts payable Notes payable Total Long-term debt Owners' equity BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 2021 % Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ $ $ $ $ $ $ $ $ $ 37,354 59,781 129,618 226,753 657,647 884,400 192,422 87,520 279,942 242,000 213,000 149,458 362,458 884,400 % % % % % % % % % % % % % % %
Bethesda Mining Company reports the following balance sheet information. Prepare the 2021 and 2022 common-size balance sheets for the company. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places
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