Instructions: complete Pages 1 - 2 prior to class Listed below are balance sheet accounts. Identify what balance sheet section the account belongs in: - Current Assets - Long Term Investments Property Plant and Equipment Intangibles - Current Liabilities - Long-term liabilities - Stockholders' Equity Ассount Amount Balance Sheet Section Accounts Payable 5,000 Accounts Receivable 5,000 Accum. Depreciation Bonds Payable 20,000 50,000 Cash Common Stock 20,000 25,000 Соруrights 30,000 2,500 Discount on Bonds Payable Inventory Investments (long term) Machinery 1,000 25,000 100,000 Marketable Securities PIC in Excess of Par - CS 15,000 75,000 3,000 23,500 Prepaid Insurance Retained Earnings Unearned Fees Wages Payable 1,000 2,000

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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Instructions: complete Pages 1 - 2 prior to class
Listed below are balance sheet accounts. Identify what balance sheet section the account belongs in:
Current Assets
Current Liabilities
Long Term Investments
Property Plant and Equipment
Intangibles
Long-term liabilities
Stockholders' Equity
Account
Amount
Balance Sheet Section
Accounts Payable
5,000
Accounts Receivable
5,000
Accum. Depreciation
Bonds Payable
20,000
50,000
Cash
20,000
25,000
Common Stock
Copyrights
Discount on Bonds Payable
30,000
2,500
Inventory
1,000
Investments (long term)
25,000
Machinery
100,000
Marketable Securities
15,000
75,000
PIC in Excess of Par CS
Prepaid Insurance
Retained Earnings
3,000
23,500
Unearned Fees
1,000
Wages Payable
2,000
Calculate:
Current Assets
Long Term Investments
Property Plant and Equipment
Intangibles
Total Assets
Current Liabilities
Long-term liabilities
Total Liabilities
Transcribed Image Text:Instructions: complete Pages 1 - 2 prior to class Listed below are balance sheet accounts. Identify what balance sheet section the account belongs in: Current Assets Current Liabilities Long Term Investments Property Plant and Equipment Intangibles Long-term liabilities Stockholders' Equity Account Amount Balance Sheet Section Accounts Payable 5,000 Accounts Receivable 5,000 Accum. Depreciation Bonds Payable 20,000 50,000 Cash 20,000 25,000 Common Stock Copyrights Discount on Bonds Payable 30,000 2,500 Inventory 1,000 Investments (long term) 25,000 Machinery 100,000 Marketable Securities 15,000 75,000 PIC in Excess of Par CS Prepaid Insurance Retained Earnings 3,000 23,500 Unearned Fees 1,000 Wages Payable 2,000 Calculate: Current Assets Long Term Investments Property Plant and Equipment Intangibles Total Assets Current Liabilities Long-term liabilities Total Liabilities
Accounting 1A
Chapter 14 - Financial Statement Analysis
Complete the formulas:
Working Capital:
Current Ratio:
Quick Ratio:
Accounts Receivable Turnover
Number of Days Sales in Receivables
Inventory Turnover
Number of Days Sales in Inventory
Return on Total Assets
Transcribed Image Text:Accounting 1A Chapter 14 - Financial Statement Analysis Complete the formulas: Working Capital: Current Ratio: Quick Ratio: Accounts Receivable Turnover Number of Days Sales in Receivables Inventory Turnover Number of Days Sales in Inventory Return on Total Assets
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