Plzz solve Green Bay Packers had the following items on hand as of December 31, 2021. Piease puttogether a classified balance sheet with proper headings and titles:Wage Payable31,600 Trademark120,000Depreciation Expense3,000 Wage Expense12,00036,200 Accounts Receivable4,500 Treasury Stock53,000 Equipment23,000 Accumulated Depreciation3,400 Allowance for Doubtful AcctRetained Earnings, 1/1/2176,000Lease Expense11,000Dividends Paid140,000Finished Goods10,000Bonus Payable2,900Cash (which includes $7,000 asrestricted for equipment)Bonds Payable ($12,000 duewithin 12 months)৪4,300148,000Equity Investment, due in 14Prepaid Expense45,000156,000monthsCommon Stock120,400 Cost of Goods Sold45,000Lease Payable21,000 Ticket Revenue457,00020% Gear RevenueТахеes26,000

1. As cost of goods sold is given in the question. So, wage expense and wages payable are ignored.…

Green Bay Packers had the following items on hand as of December 31, 2021. Please put together a classified balance sheet with proper headings and titles: Wage Payable 31,600 Trademark 120,000 Depreciation Expense 3,000 Wage Expense 12,000 36,200 Accounts Receivable 4,500 Treasury Stock 53,000 Equipment 23,000 Accumulated Depreciation Retained Earnings, 1/1/21 76,000 Lease Expense 11,000 Dividends Paid 140,000 Finished Goods 10,000 Bonus Payable 3,400 Allowance for Doubtful Acct 2,900 Cash (which includes $7,000 as restricted for equipment) Bonds Payable ($12,000 due within 12 months) 84,300 148,000 Prepaid Expense Equity Investment, due in 14 months 45,000 156,000 Common Stock 120,400 Cost of Goods Sold 45,000 21,000 Ticket Revenue 20% | Gear Revenue Lease Payable 457,000 Тахes 26,000

Green Bay Packers had the following items on hand as of December 31, 2021. Please put together a classified balance sheet with proper headings and titles: Wage Payable 31,600 Trademark 120,000 Depreciation Expense 3,000 Wage Expense 12,000 36,200 Accounts Receivable 4,500 Treasury Stock 53,000 Equipment 23,000 Accumulated Depreciation Retained Earnings, 1/1/21 76,000 Lease Expense 11,000 Dividends Paid 140,000 Finished Goods 10,000 Bonus Payable 3,400 Allowance for Doubtful Acct 2,900 Cash (which includes $7,000 as restricted for equipment) Bonds Payable ($12,000 due within 12 months) 84,300 148,000 Prepaid Expense Equity Investment, due in 14 months 45,000 156,000 Common Stock 120,400 Cost of Goods Sold 45,000 21,000 Ticket Revenue 20% | Gear Revenue Lease Payable 457,000 Тахes 26,000

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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