Account TitlesCashSuppliesPrepaid InsuranceLandEquipmentAccumulated Depreciation-EquipmentAccounts PayableUnearned Service RevenueMortgage PayableCommon StockDividendsRetained EarningsService RevenueSalaries and Wages ExpenseMaintenance and Repairs ExpenseAdvertising ExpenseUtilities ExpensesProperty Tax ExpenseInterest ExpenseTotalsInsurance ExpenseSupplies ExpenseInterest PayableDepreciation ExpenseProperty Taxes PayableTotalsNet IncomeTotalsTrial BalanceDebit39,92021,12031,90088,040129,04014,000108,33033,0209,40019,42018,6706,670Credit38,72017,1203,37055,040117,7402,000284,540518,530 518,530DebitAdjustments2,6013,0304,37028,23017,1261,82057,177CreditORIOLE COMPANYWorksheetFor the Month Ended September 30, 202517,12628,2301,8202,6014,3703,03057,177Adjusted Trial BalanceCreditDebit39,9203,9943,67088,040128,04014,000108,33033,0209,40019,42021,70011,04028,23017,1261,82040,54017,12076955,040117,7402,000287,1414,3703,030527,750 527,750DebitIncome Statement108,33033,0209,40019,42021,70011,04028,23017,1261,820250,08637,055287,141Credit287,141287,141287,141DebitBalance Sheet39,9203,9943,67088,040128,04014,000277,664277,664Credit40,54017,12076955,040117,7402,0004,3703,000240,60937,055277,664 (D)Prepare a classified balance sheet. (Note: $10,000 of the mortgage payable is due for payment in the next fiscal year.) (List current assets in order of liquidity. List Property, Plant and Equipment in order of Land, then Equipment)ORIOLE COMPANYBalance SheetFor the Month Ended September 30, 2025Current AssetsSuppliesLandTotal Current AssetsIntangible AssetsPrepaid InsuranceAccounts ReceivableLessAssetsLiabilities and Stockholders' Equity$$

Classified balance sheet is one of important financial statement of business. Under this, all assets…

Prepare a classified balance sheet. (Note: $10,000 of the mortgage payable is due for payment in the next fiscal year) (List current assets in order of liquidity. List Property, Plant and Equipment in order of Land, then Equipment) ORIOLE COMPANY Balance Sheet For the Month Ended September 30, 2025 Current Assets Supplies Land Total Current Assets Intangible Assets Prepaid Insurance Accounts Receivable Less ✓ Assets Liabilities and Stockholders' Equity

Prepare a classified balance sheet. (Note: $10,000 of the mortgage payable is due for payment in the next fiscal year) (List current assets in order of liquidity. List Property, Plant and Equipment in order of Land, then Equipment) ORIOLE COMPANY Balance Sheet For the Month Ended September 30, 2025 Current Assets Supplies Land Total Current Assets Intangible Assets Prepaid Insurance Accounts Receivable Less ✓ Assets Liabilities and Stockholders' Equity

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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Please calculate the debts to assets ratio for the years 2022 and 2021, also please show your work.
Wildhorse Inc., had the following condensed balance sheet at the end of operations for 2019. Cash Current assets other than cash Equity invesments Plant assets (net) Land 1. During 2020, the following occurred. 2. 3. 4. 5. 6. 7. WILDHORSE INC. BALANCE SHEET DECEMBER 31, 2019 $8,400 28,800 8. 20,000 67,100 40,300 $164,600 Current liabilities Long-term notes payable Bonds payable Common stock Retained earnings A tract of land was purchased for $8,900. Bonds payable in the amount of $15,000 were redeemed at par. An additional $9,900 in common stock was issued at par. Dividends totaling $9,400 were paid to stockholders. Net income was $30,600 after allowing depreciation of $13,300. Land was purchased through the issuance of $22,800 in bonds. $15,200 25,500 25,000 75,000 23,900 $164,600 Wildhorse Inc. sold part of its investment portfolio for $12,900. This transaction resulted in a gain of $1,900 for the company. No unrealized gains or losses were recorded on these investments in 2020. Both…
Joanne Leblanc works for Blossom Cosmetics in Alberta and is paid an annual salary of $58,886.00 on a weekly basis. Earlier this year Joanne received a performance bonus of $3,675.00. She was recently awarded a $5,525.00 bonus for her process improvement suggestions which will be paid separately from her regular pay. Her federal and provincial TD1 claim codes are 2 and she will not reach the annual maximums for Canada Pension Plan or Employment Insurance with this payment. Calculate the employee's net second bonus, following the order of the steps in the net pay template
How do I create and start a balance sheet for this data?
Analysis above two financial statement, what you can observe without using financial ratio.
refer to the photo
Balance Sheet as at As at 30/9/16 As at 30/9/15 $ $ Assets Current assets- Cash 8,200 9,400 Accounts Receivable 107,000 103,500 Inventory 82,700 71,300 Non-current assets less accumulated depreciation 242,600 245,700 Total assets 440,500 429,900 Liabilities and Owners' equity Current liabilities 117,000 120,000 Loan (repayable in 2019) 152,000 150,000 Total liabilities 269,000 270,000 Owners' equity 171,500 159,900 Total Liabilities and Owners' equity 440,500 429,900 Summarised Income Statement of Bishan Enterprise for the year ended 30 September 2016 $ Sales 990,000 Cost of goods sold 580,000 Gross profit 410,000 Operating expenses 350,000 Net profit 60,000 · Note - The owner withdrew $48,400 during 2016. Required: Calculate…
5. Prepare a classified balance sheet as of January 31, 2024. (Enter the asset accounts in order of liquidity. Amounts to be deducted should be indicated with a minus sign.) Current Assets: Assets Less: Allowance for Uncollectible Accounts Total Current Assets Property, Plant and Equipment: Total Assets ACME FIREWORKS Classified Balance Sheet January 31, 2024 Current Liabilities: Total Current Liabilities Long-term Liabilities: Liabilities Total Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity Required information Exercise 8-19 (Algo) Complete the accounting cycle (LO8-1, 8-2, 8-4, 8-6) [The following information applies to the questions displayed below.] On January 1, 2024, the general ledger of ACME Fireworks includes the following account balances: Accounts Cash Debit $25,600 Credit Accounts Receivable 47,200 Allowance for Uncollectible Accounts $4,700 Inventory 20,500 Land 51,000 Equipment 17,500 Accumulated Depreciation 2,000…
Following are the current asset and current liability sections of the balance sheets for Freedom Incorporated at January 31, 2023 and 2022 (in millions): Current Assets Cash Accounts receivable Inventories Total current assets Current Liabilities Note payable Accounts payable Other accrued liabilities Total current liabilities Req A January 31, 2023 $12 8 7 $ 27 Req B and C Working capital Current ratio 4 3 $ 11 January 31, 2022 Required: a. Calculate the working capital and current ratio at each balance sheet date. b. Evaluate the firm's liquidity at each balance sheet date. c. Assume that the firm operated at a loss during the year ended January 31, 2023. How could cash have increased during the year? $ 9 11 11 $ 31 Complete this question by entering your answers in the tabs below. 1 3 01/31/2023 01/31/2022 $8 Calculate the working capital and current ratio at each balance sheet date. Note: Enter "Working capital" in millions of dollars (i.e., 10,000,000 should be entered as 10).…