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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
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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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
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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