Ex/ Presented below are numbers of balance sheet items for Santana Co. for current year 2007. - Capital 42750 - Net income 1900 - With druwles 800 - Building - Factory 8000 Equipment 15000 - - Building - Administration 3000 - Machinery 3500 - Furnitures 1700 - Loan short term 6000 - Account receivable 1750 - Account payable 1100 - Notes receivable 1500 - Notes payable 2500 - Bank 3200 - Cash 2800 - Ending raw materials inventory 7500 - Ending work in process inventory 2800 - Ending finished goods inventory 2700 Ins 1- Prepare a classified balance sheet in a good format ( used T account ). 2- Prepare a classified balance sheet in a good format ( used statement form ).

Ex/ Presented below are numbers of balance sheet items for Santana Co. for current year 2007. - Capital 42750 - Net income 1900 - With druwles 800 - Building - Factory 8000 Equipment 15000 - - Building - Administration 3000 - Machinery 3500 - Furnitures 1700 - Loan short term 6000 - Account receivable 1750 - Account payable 1100 - Notes receivable 1500 - Notes payable 2500 - Bank 3200 - Cash 2800 - Ending raw materials inventory 7500 - Ending work in process inventory 2800 - Ending finished goods inventory 2700 Ins 1- Prepare a classified balance sheet in a good format ( used T account ). 2- Prepare a classified balance sheet in a good format ( used statement form ).

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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Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in millions.) Common stock Prepaid rent Equipment Stock investments (long-term) Debt Investments (short-term) Income taxes payable Cash $2.826 164 6,705 637 1,743 128 1,182 Accumulated depreciation-equipment Accounts payable Patents Notes payable (long-term) Retained earnings Accounts receivable V Inventory TEXAS INSTRUMENTS, INC. Balance Sheet (in millions) Assets $3.547 1,459 2,210 Prepare a classified balance sheet in good form as of December 31, 2022. (List Current Assets in order of liquidity) $ 810 6,896 1,823 1,202 Liabilities and Stockholders' Equity $ $ $ $
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