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Problem 2-17 Arrange the following items in proper balance sheet presentation: (Be sure to list the assets in order of their liquidity. Input all answers as positive values.) Accumulated amortization Retained earnings Cash Bonds payable Accounts receivable Plant and equipment-original cost Accounts payable Allowance for bad debts Common stock, 100,000 shares outstanding Inventory Preferred stock, 1,000 shares outstanding Marketable securities Investments Notes payable Current Assets: (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) Total current assets (Click to select) Capital assets: (Click to select) Other Assets: (Click to select) Net plant and equipment Total assets Assets $ $265,000 159,400 16,000 136,000 55,000 720,000 49,000 6,600 186,000 80,000 70,000 20,000 24,000 43,000 Balance Sheet ①0000 (Click to select) (Click to select) Liabilities and Shareholders' Equity Current Liabilities: Total current liabilities Long-term liabilities (Click to select) Total liabilities (Click to select) (Click to select) (Click to select) Shareholders' Equity: Total shareholders' equity Total liabilities and shareholders' equity $ Ilm

Problem 2-17 Arrange the following items in proper balance sheet presentation: (Be sure to list the assets in order of their liquidity. Input all answers as positive values.) Accumulated amortization Retained earnings Cash Bonds payable Accounts receivable Plant and equipment-original cost Accounts payable Allowance for bad debts Common stock, 100,000 shares outstanding Inventory Preferred stock, 1,000 shares outstanding Marketable securities Investments Notes payable Current Assets: (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) Total current assets (Click to select) Capital assets: (Click to select) Other Assets: (Click to select) Net plant and equipment Total assets Assets $ $265,000 159,400 16,000 136,000 55,000 720,000 49,000 6,600 186,000 80,000 70,000 20,000 24,000 43,000 Balance Sheet ①0000 (Click to select) (Click to select) Liabilities and Shareholders' Equity Current Liabilities: Total current liabilities Long-term liabilities (Click to select) Total liabilities (Click to select) (Click to select) (Click to select) Shareholders' Equity: Total shareholders' equity Total liabilities and shareholders' equity $ Ilm

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter13: Financial Statement Analysis
Section: Chapter Questions
Problem 13.2P
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Problem 2-17 Arrange the following items in proper balance sheet presentation: (Be sure to list the assets in order of their liquidity. Input all answers as positive values.) Accumulated amortization Retained earnings Cash Bonds payable Accounts receivable Plant and equipment-original cost Accounts payable Allowance for bad debts Common stock, 100,000 shares outstanding Inventory Preferred stock, 1,000 shares outstanding Marketable securities Investments Notes payable Current Assets: (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) Total current assets (Click to select) Capital assets: (Click to select) Other Assets: (Click to select) Net plant and equipment Total assets Assets $ $265,000 159,400 16,000 136,000 55,000 720,000 49,000 6,600 186,000 80,000 70,000 20,000 24,000 43,000 Balance Sheet ①0000 (Click to select) (Click to select) Liabilities and Shareholders' Equity Current Liabilities: Total current liabilities Long-term liabilities (Click to select) Total liabilities (Click to select) (Click to select) (Click to select) Shareholders' Equity: V Total shareholders' equity Total liabilities and shareholders' equity $ Ilm
Transcribed Image Text:Problem 2-17 Arrange the following items in proper balance sheet presentation: (Be sure to list the assets in order of their liquidity. Input all answers as positive values.) Accumulated amortization Retained earnings Cash Bonds payable Accounts receivable Plant and equipment-original cost Accounts payable Allowance for bad debts Common stock, 100,000 shares outstanding Inventory Preferred stock, 1,000 shares outstanding Marketable securities Investments Notes payable Current Assets: (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) Total current assets (Click to select) Capital assets: (Click to select) Other Assets: (Click to select) Net plant and equipment Total assets Assets $ $265,000 159,400 16,000 136,000 55,000 720,000 49,000 6,600 186,000 80,000 70,000 20,000 24,000 43,000 Balance Sheet ①0000 (Click to select) (Click to select) Liabilities and Shareholders' Equity Current Liabilities: Total current liabilities Long-term liabilities (Click to select) Total liabilities (Click to select) (Click to select) (Click to select) Shareholders' Equity: V Total shareholders' equity Total liabilities and shareholders' equity $ Ilm
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