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Cast Accounts receivable ted below is the comparative balance sheet for Pear Company Pearl Company Comparative Balance Sheet As of December 31 Prepaid exper Ple&t Accumulated depreciation Accounts payable Accrued p Retained arving (a) Your answer is partially correct Accounts receivable Short-term investments At Prepaid expans Prepare a comparative balance sheet of Pearl Company showing the percent each items of the total stor tulad stockholders eauty Round percentages to 2 decimal places, eg 2.25% Total Accounts payable (b) Bonds payable Flant and eament 2604700 Accumulated decreciation Common stock Retained earning Liabilities Libritin and Stockholders Equity Total Cash Assets reable Inventories Prepaid expenses Plant and equipment Accumulated Total $181.000 Bonds payable 218100 Reading 271,100 CLOOSH Total Your answer is partially correct 53.363.000 $49,800 26900 452100 $181.000 $272.500 155.200 271,100 149.100 1.066.900 978.500 24,800 24,300 2.604700 1548.400 (1003600 1743.000 $3.363,000 $2.785,500 2,108,600 $3.363.000 2024 $181000 1.300 230800 1782.200 583.600 538,800 $3.363,000 $2785,500 218.100 271,100 December 31 1.066.900 24.800 December 31 Liabilities and Stockholders Equity Accounts payable 2026 $49,800 168.900 549800 2,108,600 2026 PEARL COMPANY Comparative Balance Sheet December 31, 2026 and 2025 2025 $272.500 155.200 2604,700 1948400 978.500 (2003,600) (743.000) 24800 2025 $74,700 200.700 $3.363.000 $2,785.500 5 200.00 452.100 189.100 PEARL COMPANY Comparative Balance Sheet December 31, 2026 and 2025 Probalance sheet of Pearl Company showing the dolor change and the percent change for ach item th sadece from 2025 to 2026, the enter the amounts and percentages with either a negative sig le-92.000-25.25 le (92000)(25.25) Round percentages to 2 decimal 225 $74.700 $ 1782.200 $3.363.000 $2.785.500 $ A N S December 31 1 * -30 200 N % 63 N % $272.500 $Change 155.200 149.100 24,800 1948400 1743,000 $2785,500 $74.700 200.00 189.100 1782.300 $3.785.500 -91300 increase or Decrease 62900 12300 2400 D 456300 -240400 677900 24900 263000 335400 2025 4300 577500 1 Change 2010 30 * IF 300 % S Ex 34 % K N N 56

Cast Accounts receivable ted below is the comparative balance sheet for Pear Company Pearl Company Comparative Balance Sheet As of December 31 Prepaid exper Ple&t Accumulated depreciation Accounts payable Accrued p Retained arving (a) Your answer is partially correct Accounts receivable Short-term investments At Prepaid expans Prepare a comparative balance sheet of Pearl Company showing the percent each items of the total stor tulad stockholders eauty Round percentages to 2 decimal places, eg 2.25% Total Accounts payable (b) Bonds payable Flant and eament 2604700 Accumulated decreciation Common stock Retained earning Liabilities Libritin and Stockholders Equity Total Cash Assets reable Inventories Prepaid expenses Plant and equipment Accumulated Total $181.000 Bonds payable 218100 Reading 271,100 CLOOSH Total Your answer is partially correct 53.363.000 $49,800 26900 452100 $181.000 $272.500 155.200 271,100 149.100 1.066.900 978.500 24,800 24,300 2.604700 1548.400 (1003600 1743.000 $3.363,000 $2.785,500 2,108,600 $3.363.000 2024 $181000 1.300 230800 1782.200 583.600 538,800 $3.363,000 $2785,500 218.100 271,100 December 31 1.066.900 24.800 December 31 Liabilities and Stockholders Equity Accounts payable 2026 $49,800 168.900 549800 2,108,600 2026 PEARL COMPANY Comparative Balance Sheet December 31, 2026 and 2025 2025 $272.500 155.200 2604,700 1948400 978.500 (2003,600) (743.000) 24800 2025 $74,700 200.700 $3.363.000 $2,785.500 5 200.00 452.100 189.100 PEARL COMPANY Comparative Balance Sheet December 31, 2026 and 2025 Probalance sheet of Pearl Company showing the dolor change and the percent change for ach item th sadece from 2025 to 2026, the enter the amounts and percentages with either a negative sig le-92.000-25.25 le (92000)(25.25) Round percentages to 2 decimal 225 $74.700 $ 1782.200 $3.363.000 $2.785.500 $ A N S December 31 1 * -30 200 N % 63 N % $272.500 $Change 155.200 149.100 24,800 1948400 1743,000 $2785,500 $74.700 200.00 189.100 1782.300 $3.785.500 -91300 increase or Decrease 62900 12300 2400 D 456300 -240400 677900 24900 263000 335400 2025 4300 577500 1 Change 2010 30 * IF 300 % S Ex 34 % K N N 56

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Presented below is the comparative balance sheet for Pearl Company Pearl Company Comparative Balance Sheet As of December 31 Assets Accounts receivable net Short-terminants Inventories Prepaid expenses Plant & ment Accumulated depreciation Liabies and Stockholdersity Accounts payable Accrued Bonds payable Common stock Retiredning (a) Cash Your answer is partially correct Accounts receivable (net) Assets Short-term investments Investories Prepaid expenses Plant and equipment Accumulated depreciation Total Accrued operes Bonds payable (h) Prepare a comparative balance sheet of Pearl Company showing the percent each item is of the total asets or total liabilities and stockholders' equity Round percentages to 2 decimal places.eg 2.25%) Common stock Retained earnings Total Cash Liabilities and Stockholders Equity Accounts payable Assets Account receivable Inet Investments Inventories Prepaid expenses Plant and equipment Accumulated depreciation Total Accuedes Bonds payable Common stock Retained earnings $181.000 Total 218,100 271.100 1066.900 24,800 2604700 (1003600 $3.363.000 $49,800 168.900 215,300 271.100 1,066,900 24,800 2.604,700 (1,003,600) $3,363,000 452,100 2,108,600 $49800 168.900 452.100 2.308.000 583.600 $3,363,000 383.000 $3,363,000 2024 218.100 271,100 December 31 1,066,900 24.800 Liabilities and Stockholders Equity Accounts payable December 31 2026 $181.000 $49,800 168.900 452100 2,108,600 583,600 2026 $181.000 $272,500 $ 2025 2.604,700 1.948.400 (1,003,600) (743.000 155.200 149,100 PEARL COMPANY Comparative Balance Sheet December 31, 2026 and 2025 971.500 24,800 2025 $272.500 155.200 149.100 978.500 24.800 1948.400 1743,000) $3,363,000 $2,785,500 5 200.700 $2,785,500 189.100 $74,700 200,700 1782.200 189.100 1782.200 538,800 5:38.800 $2,785,500 $74.700 $ December 31 % $3,363.000 $2,785.500 5 N PEARL COMPANY Comparative Balance Sheet December 31, 2026 and 2025 N 1 % -Your answer is partially correct. Prepare a comparative lance sheet of Pearl Company showing the dollar change and the percent change for each itern Of there is a decrease from 2025 to 2026, then enter the amounts and percentages with either a negative sign, le-92.000-25.25 or parenthesis Le 192.000 (25.25). Round percentages to 2 decimal places 2.25%) % -30 K 100 % 1 % 5 % 13 % 63 N % 100 N $272.500 $Change 155.200 149.100 978.500 1,946,400 1743,000) $2,785,500 24,800 $74.700 200.700 189.100 1782.200 538.800 $2.785.500 91300 increase or (Decrease 62900 12300 94400 D 456300 -260600 577900 24900 -41800 263000 336400 2025 44300 577500 10 Change 5 M 70 -27 200 64 1 % 19 100 100 * N -34 % 41 N 35 % " % 21 11 -14 % 9 N X 34 % 20 . 199 % N % 21 N
Transcribed Image Text:Presented below is the comparative balance sheet for Pearl Company Pearl Company Comparative Balance Sheet As of December 31 Assets Accounts receivable net Short-terminants Inventories Prepaid expenses Plant & ment Accumulated depreciation Liabies and Stockholdersity Accounts payable Accrued Bonds payable Common stock Retiredning (a) Cash Your answer is partially correct Accounts receivable (net) Assets Short-term investments Investories Prepaid expenses Plant and equipment Accumulated depreciation Total Accrued operes Bonds payable (h) Prepare a comparative balance sheet of Pearl Company showing the percent each item is of the total asets or total liabilities and stockholders' equity Round percentages to 2 decimal places.eg 2.25%) Common stock Retained earnings Total Cash Liabilities and Stockholders Equity Accounts payable Assets Account receivable Inet Investments Inventories Prepaid expenses Plant and equipment Accumulated depreciation Total Accuedes Bonds payable Common stock Retained earnings $181.000 Total 218,100 271.100 1066.900 24,800 2604700 (1003600 $3.363.000 $49,800 168.900 215,300 271.100 1,066,900 24,800 2.604,700 (1,003,600) $3,363,000 452,100 2,108,600 $49800 168.900 452.100 2.308.000 583.600 $3,363,000 383.000 $3,363,000 2024 218.100 271,100 December 31 1,066,900 24.800 Liabilities and Stockholders Equity Accounts payable December 31 2026 $181.000 $49,800 168.900 452100 2,108,600 583,600 2026 $181.000 $272,500 $ 2025 2.604,700 1.948.400 (1,003,600) (743.000 155.200 149,100 PEARL COMPANY Comparative Balance Sheet December 31, 2026 and 2025 971.500 24,800 2025 $272.500 155.200 149.100 978.500 24.800 1948.400 1743,000) $3,363,000 $2,785,500 5 200.700 $2,785,500 189.100 $74,700 200,700 1782.200 189.100 1782.200 538,800 5:38.800 $2,785,500 $74.700 $ December 31 % $3,363.000 $2,785.500 5 N PEARL COMPANY Comparative Balance Sheet December 31, 2026 and 2025 N 1 % -Your answer is partially correct. Prepare a comparative lance sheet of Pearl Company showing the dollar change and the percent change for each itern Of there is a decrease from 2025 to 2026, then enter the amounts and percentages with either a negative sign, le-92.000-25.25 or parenthesis Le 192.000 (25.25). Round percentages to 2 decimal places 2.25%) % -30 K 100 % 1 % 5 % 13 % 63 N % 100 N $272.500 $Change 155.200 149.100 978.500 1,946,400 1743,000) $2,785,500 24,800 $74.700 200.700 189.100 1782.200 538.800 $2.785.500 91300 increase or (Decrease 62900 12300 94400 D 456300 -260600 577900 24900 -41800 263000 336400 2025 44300 577500 10 Change 5 M 70 -27 200 64 1 % 19 100 100 * N -34 % 41 N 35 % " % 21 11 -14 % 9 N X 34 % 20 . 199 % N % 21 N
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