Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 309 Weeks Ago, 5 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 16 Aug 2017 My Price 7.00

Wright's accounting records

The comparative balance sheets for 2013 and 2012 and the statement of income for 2013 are given below for Wright Company. Additional information from Wright's accounting records is provided also.

 

WRIGHT COMPANY
Comparative Balance Sheets
December 31, 2013 and 2012
($ in 000s)
  2013 2012
Assets        
Cash $ 102 $ 65
Accounts receivable   106   110
Short-term investment   49   22
Inventory   109   105
Land   78   95
Buildings and equipment   600   470
Less: Accumulated depreciation   (157)   (110)
 
  $ 887 $ 757
 
Liabilities        
Accounts payable $ 36 $ 42
Salaries payable   4   7
Interest payable   8   5
Income tax payable   5   10
Notes payable   0   26
Bonds payable   222   170
Shareholders' Equity        
Common stock   340   270
Paid-in capital—excess of par   155   135
Retained earnings   117   92
 
  $ 887 $ 757
 

Answers

Maurice Tutor
(5)
Status NEW Posted 16 Aug 2017 08:08 PM My Price 7.00

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