answer must be in table format or i will give down vote ni.3 Prepare a balance sheet for Alaskan Peach Corporation as of December 31, 2022, based on the following information: cash =$208,000; patents and copyrights = $862,000; accounts payable = $281,000; accounts receivable = $268,000; tangible net fixedassets = $5,250,000; inventory = $553,000; notes payable = $174,000; accumulated retained earnings = $4,736,000; long-term debt =$1,100,000.Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.Accounts receivableInventoryCashCurrent assetsBalance SheetAssetsTotal assetsLiabilitiesCurrent liabilitiesTotal liabilitiesTotal liabilities & owners' equity$268,000

Assets Section1. Cash ($208,000) This represents the liquid cash that the company has on hand. It's…

Answered: Prepare a balance sheet for Alaskan…

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

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Prepare a 2021 balance sheet for Willis Corporation based on the following information: Cash = $128,000; Patents and copyrights = $630,000; Accounts payable = $210,500; Accounts receivable = $100,000; Tangible net fixed assets = $1,620,000; Inventory = $293,500; Notes payable = $165,000; Accumulated retained earnings = $1,276,000; Long-term debt = $846,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.)
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Prepare a 2021 balance sheet for Willis Corporation based on the following information: Cash = $138,000 Patents and copyrights = $630,000 Accounts payable = $216,500 Accounts receivable = $160,000 Tangible net fixed assets = $1,645,000 Inventory = $298,500 Notes payable = $155,000 Accumulated retained earnings = $1,256,000 Long-term debt = $856,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations. Terms: Accounts payable, Accounts receivable, Accumulated cash retained earnings, Cash, Common stock, Intangible net fixed assets, Inventory, Long-term debt, Notes Payable, Notes Receivable, Tangible net fixed assets.
Prepare a 2020 balance sheet for Jarrow Corp. based on the following information: cash = $135,000; patents and copyrights = $630,000; accounts payable = $214,500; accounts receivable = $110,000; tangible net fixed assets = $1,640,000; inventory = $297,000; notes payable = $140,000; accumulated retained earnings = $1,262,000; long-term debt = $853,000. (Do not round intermediate calculations. Be sure to list the accounts in order of their liquidity.)
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Berhad has the following financial statement as at 31 December 2019: Jiki Berhad Statement of Financial Position as at 31 December 2019 Assets (RM) Plant (Net) 4,000,000 Research and Development 16,000,000 Cash 5,400,000 Trade Receivable (Net) 5,400,000 Interest Receivable 800,000 Inventory 2,000,000 Total Assets 33,600,000 Liabilities and Shareholders’ Equity Trade Payable 5,920,000 Loan Payable 9,300,000 Provision for warranties 300,000 Deferred tax liability 4,200,000 Share Capital 10,380,000 Retained Earnings 3,500,000 Total Liabilities and Shareholders’ Equity 33,600,000 Additional Information: a) Tax laws allow only specific bad debts. The carrying amount in the trade receivable account is after the provision of 10% provision of doubtful debts. b) Interest receivable is recorded on accrued basis however is taxable only upon receipt. c) The carrying amount of the plant is after providing accumulated depreciation of RM 6 million. As at 31…
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