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Ricky Corporation had the following alphabetical account balance listing at December 31, 20X1 (in thousands of dollars). Accounts payable Accounts receivable Accrued liabilities Accumulated depreciation-buildings Accumulated depreciation-furniture and office equipment Accumulated depreciation-land improvements Accumulated depreciation-machinery and equipment Additional paid-in capital Allowance for uncollectible accounts Bonds payable Buildings Cash Common stock Deferred revenues (current) Deferred revenues (noncurrent) Furniture and office equipment. Income taxes payable Inventories Investment (noncurrent) Land Land improvements Leasehold improvements (net of amortization) Machinery and equipment Notes payable (long-term) Notes receivable (Due June 15, 20X2) Preferred stock Prepaid expenses Retained earnings Short-term investments Special tools Debit $3,248 19,950 354 634 15,152 10,816 536 1,438 44 28,868 8,014 1,458 7,754 1,984 Credit $9,224 12,226 6,028 322 862 19,664 1,584 14 1,358 960 188 2,768 1,888 600 566 ?

Ricky Corporation had the following alphabetical account balance listing at December 31, 20X1 (in thousands of dollars). Accounts payable Accounts receivable Accrued liabilities Accumulated depreciation-buildings Accumulated depreciation-furniture and office equipment Accumulated depreciation-land improvements Accumulated depreciation-machinery and equipment Additional paid-in capital Allowance for uncollectible accounts Bonds payable Buildings Cash Common stock Deferred revenues (current) Deferred revenues (noncurrent) Furniture and office equipment. Income taxes payable Inventories Investment (noncurrent) Land Land improvements Leasehold improvements (net of amortization) Machinery and equipment Notes payable (long-term) Notes receivable (Due June 15, 20X2) Preferred stock Prepaid expenses Retained earnings Short-term investments Special tools Debit $3,248 19,950 354 634 15,152 10,816 536 1,438 44 28,868 8,014 1,458 7,754 1,984 Credit $9,224 12,226 6,028 322 862 19,664 1,584 14 1,358 960 188 2,768 1,888 600 566 ?

FINANCIAL ACCOUNTING
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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Required: Prepare a balance sheet for Ricky Corporation at December 31, 20X1. (Amounts to be deducted should be indicated by a minus sign. Enter your answers in thousands.) Current assets: Total current assets Property, plant and equipment Show Transcribed Text Property, plant and equipment Current liabilities: Ricky Corporation Balance Sheet As of December 31, 20X1 ($ in thousands) Total property, plant and Total assets Show Transcribed Text Assets Total current liabilities Total liabilities Stockholders' equity: Total current liabilities Contributed capital d equip Liabilities and stockholders' equity 3 Total stockholders' equity Total liabilities and stockholders' equity c 3 Ć
Transcribed Image Text:Required: Prepare a balance sheet for Ricky Corporation at December 31, 20X1. (Amounts to be deducted should be indicated by a minus sign. Enter your answers in thousands.) Current assets: Total current assets Property, plant and equipment Show Transcribed Text Property, plant and equipment Current liabilities: Ricky Corporation Balance Sheet As of December 31, 20X1 ($ in thousands) Total property, plant and Total assets Show Transcribed Text Assets Total current liabilities Total liabilities Stockholders' equity: Total current liabilities Contributed capital d equip Liabilities and stockholders' equity 3 Total stockholders' equity Total liabilities and stockholders' equity c 3 Ć
Ricky Corporation had the following alphabetical account balance listing at December 31, 20x1 (in thousands of dollars). Accounts payable Accounts receivable Accrued liabilities Accumulated depreciation-buildings Accumulated depreciation-furniture and office equipment Accumulated depreciation-land improvements Accumulated depreciation-machinery and equipment Additional paid-in capital Allowance for uncollectible accounts Bonds payable Buildings Cash Common stock Deferred revenues (current) Deferred revenues (noncurrent) Furniture and office equipment Income taxes payable Inventories Investment (noncurrent) Land Land improvements Leasehold improvements (net of amortization) Machinery and equipment Notes payable (long-term) Notes receivable (Due June 15, 20X2) Preferred stock Prepaid expenses Retained earnings Short-term investments Special tools Debit $3,248 19,950 354 634 15,152 10,816 536 1,438 44 28,868 8,014 1,458 7,754 1,984 FLT G Credit $9,224 12,226 6,028 322 862 19,664 1,584 14 1,358 960 188 2,768 1,888 600 566 ? 150
Transcribed Image Text:Ricky Corporation had the following alphabetical account balance listing at December 31, 20x1 (in thousands of dollars). Accounts payable Accounts receivable Accrued liabilities Accumulated depreciation-buildings Accumulated depreciation-furniture and office equipment Accumulated depreciation-land improvements Accumulated depreciation-machinery and equipment Additional paid-in capital Allowance for uncollectible accounts Bonds payable Buildings Cash Common stock Deferred revenues (current) Deferred revenues (noncurrent) Furniture and office equipment Income taxes payable Inventories Investment (noncurrent) Land Land improvements Leasehold improvements (net of amortization) Machinery and equipment Notes payable (long-term) Notes receivable (Due June 15, 20X2) Preferred stock Prepaid expenses Retained earnings Short-term investments Special tools Debit $3,248 19,950 354 634 15,152 10,816 536 1,438 44 28,868 8,014 1,458 7,754 1,984 FLT G Credit $9,224 12,226 6,028 322 862 19,664 1,584 14 1,358 960 188 2,768 1,888 600 566 ? 150
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