Prepare a balance sheet for Alaskan Peach Corporation as of December 31, 2022, based on the following information: cash = $207,000; patents and copyrights = $861,000; accounts payable = $282,000; accounts receivable $267,000; tangible net fixed assets $5,240,000; inventory = $552,000; notes payable $175,000; accumulated retained earnings $4,726,000; long-term debt- $1,110,000. Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Balance Sheet Assets Current assets Total assets Liabilities Current liabilities Prev 8 of 10 Next

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
Problem 10MC
Question
not use ai please
Prepare a balance sheet for Alaskan Peach Corporation as of December 31, 2022, based on the following information: cash =
$207,000; patents and copyrights = $861,000; accounts payable = $282,000; accounts receivable $267,000; tangible net fixed
assets $5,240,000; inventory = $552,000; notes payable $175,000; accumulated retained earnings $4,726,000; long-term debt-
$1,110,000.
Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.
Balance Sheet
Assets
Current assets
Total assets
Liabilities
Current liabilities
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Transcribed Image Text:Prepare a balance sheet for Alaskan Peach Corporation as of December 31, 2022, based on the following information: cash = $207,000; patents and copyrights = $861,000; accounts payable = $282,000; accounts receivable $267,000; tangible net fixed assets $5,240,000; inventory = $552,000; notes payable $175,000; accumulated retained earnings $4,726,000; long-term debt- $1,110,000. Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Balance Sheet Assets Current assets Total assets Liabilities Current liabilities Prev 8 of 10 Next
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