Cash and cash equivalents Accounts receivable Inventory Prepaid insurance Stock investments (Long-term) Blue Spruce Corp. Balance Sheet December 31, 2025 $75000 Accounts payable $126000 93500 Salaries and wages payable 11900 147500 Bonds payable 151000 82500 Total liabilities 288900 195000 Land 186500 Buildings $208000 Common stock 258100 Less: Accumulated depreciation (67000) 141000 Retained earnings 501000 Trademarks 127000 Total stockholders' equity 759100 Total assets $1048000 Total liabilities and stockholders' equity $1048000 O $251000 O $335400 ○ $593500 ○ $398500

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Cash and cash equivalents
Accounts receivable
Inventory
Prepaid insurance
Stock investments (Long-term)
Blue Spruce Corp.
Balance Sheet
December 31, 2025
$75000
Accounts payable
$126000
93500
Salaries and wages payable
11900
147500
Bonds payable
151000
82500
Total liabilities
288900
195000
Land
186500
Buildings
$208000
Common stock
258100
Less: Accumulated depreciation
(67000) 141000
Retained earnings
501000
Trademarks
127000
Total stockholders' equity
759100
Total assets
$1048000
Total liabilities and stockholders' equity $1048000
O $251000
O $335400
○ $593500
○ $398500
Transcribed Image Text:Cash and cash equivalents Accounts receivable Inventory Prepaid insurance Stock investments (Long-term) Blue Spruce Corp. Balance Sheet December 31, 2025 $75000 Accounts payable $126000 93500 Salaries and wages payable 11900 147500 Bonds payable 151000 82500 Total liabilities 288900 195000 Land 186500 Buildings $208000 Common stock 258100 Less: Accumulated depreciation (67000) 141000 Retained earnings 501000 Trademarks 127000 Total stockholders' equity 759100 Total assets $1048000 Total liabilities and stockholders' equity $1048000 O $251000 O $335400 ○ $593500 ○ $398500
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