Current assets: Cash Short-term investments Accounts receivable Inventories Other current assets Total current assets Long-term investments Property, plant, and equipment, net Other noncurrent assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable Accrued expenses Unearned revenue Short-term debt Total current liabilities Long-term debt Other noncurrent liabilities Total liabilities Stockholders' equity: Common stock ($0.00001 par value) Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities and shareholders' equity $48,844 51,713 22,926 4,106 35,230 162,819 105,341 37,378 32,978 $ 338,516 $46,236 43,700 5,522 10,260 105,718 91,807 50,503 248,028 45,173 45,314 90,488 $ 338,516
Current assets: Cash Short-term investments Accounts receivable Inventories Other current assets Total current assets Long-term investments Property, plant, and equipment, net Other noncurrent assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable Accrued expenses Unearned revenue Short-term debt Total current liabilities Long-term debt Other noncurrent liabilities Total liabilities Stockholders' equity: Common stock ($0.00001 par value) Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities and shareholders' equity $48,844 51,713 22,926 4,106 35,230 162,819 105,341 37,378 32,978 $ 338,516 $46,236 43,700 5,522 10,260 105,718 91,807 50,503 248,028 45,173 45,314 90,488 $ 338,516
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 13MCQ
Related questions
Question
![Required:
3. Prepare a trial balance at September 26, 2020.
Note: Enter your answers in millions.
Cash
APPLE INCORPORATED
Trial Balance
At September 26, 2020
(in millions)
Debit
4+
Credit](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F82954d68-137b-41e7-9013-28a31291c919%2F901e7695-0264-464f-b51b-50e34121e503%2Fuisn0nf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required:
3. Prepare a trial balance at September 26, 2020.
Note: Enter your answers in millions.
Cash
APPLE INCORPORATED
Trial Balance
At September 26, 2020
(in millions)
Debit
4+
Credit
![Current assets:
Cash
Short-term investments
Accounts receivable
Inventories
Other current assets
Total current assets
Long-term investments
Property, plant, and equipment, net
Other noncurrent assets
Total assets
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable
Accrued expenses
Unearned revenue
Short-term debt
Total current liabilities
Long-term debt
Other noncurrent liabilities
Total liabilities
Stockholders' equity:
Common stock ($0.00001 par value)
Additional paid-in capital
Retained earnings
Total stockholders' equity
Total liabilities and shareholders' equity
$ 48,844
51,713
22,926
4,106
35,230
162,819
105,341
37,378
32,978
$ 338,516
$ 46,236
43,700
5,522
10,260
105,718
91,807
50,503
248,028
1
45,173
45,314
90,488
$ 338,516](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F82954d68-137b-41e7-9013-28a31291c919%2F901e7695-0264-464f-b51b-50e34121e503%2Fl0a3rwa_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Current assets:
Cash
Short-term investments
Accounts receivable
Inventories
Other current assets
Total current assets
Long-term investments
Property, plant, and equipment, net
Other noncurrent assets
Total assets
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable
Accrued expenses
Unearned revenue
Short-term debt
Total current liabilities
Long-term debt
Other noncurrent liabilities
Total liabilities
Stockholders' equity:
Common stock ($0.00001 par value)
Additional paid-in capital
Retained earnings
Total stockholders' equity
Total liabilities and shareholders' equity
$ 48,844
51,713
22,926
4,106
35,230
162,819
105,341
37,378
32,978
$ 338,516
$ 46,236
43,700
5,522
10,260
105,718
91,807
50,503
248,028
1
45,173
45,314
90,488
$ 338,516
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