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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Green Bay Packers had the following items on hand as of December 31, 2021. Piease 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
3,400 Allowance for Doubtful Acct
Retained Earnings, 1/1/21
76,000
Lease Expense
11,000
Dividends Paid
140,000
Finished Goods
10,000
Bonus Payable
2,900
Cash (which includes $7,000 as
restricted for equipment)
Bonds Payable ($12,000 due
within 12 months)
৪4,300
148,000
Equity Investment, due in 14
Prepaid Expense
45,000
156,000
months
Common Stock
120,400 Cost of Goods Sold
45,000
Lease Payable
21,000 Ticket Revenue
457,000
20% Gear Revenue
Тахеes
26,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe4c94f96-b456-4dc3-8b5a-0404c8f7cf3d%2F761dbaaa-8e4e-4bf4-a4bf-9a1e7a477585%2Fizc50c_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Green Bay Packers had the following items on hand as of December 31, 2021. Piease 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
3,400 Allowance for Doubtful Acct
Retained Earnings, 1/1/21
76,000
Lease Expense
11,000
Dividends Paid
140,000
Finished Goods
10,000
Bonus Payable
2,900
Cash (which includes $7,000 as
restricted for equipment)
Bonds Payable ($12,000 due
within 12 months)
৪4,300
148,000
Equity Investment, due in 14
Prepaid Expense
45,000
156,000
months
Common Stock
120,400 Cost of Goods Sold
45,000
Lease Payable
21,000 Ticket Revenue
457,000
20% Gear Revenue
Тахеes
26,000
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