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: 402 Weeks Ago, 5 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

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

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 19 Aug 2017 My Price 9.00

Deep River Lodge

Listed below in random order are the items to be included in the balance sheet of Deep River Lodge at December 31, 2011:

 

 

 

 

 

 

 

 

Equipment. . . . . . . . . . . . . . . . .

$    9,000

Buildings . . . . . . . . . . . . . . . .

$430,000

Land . . . . . . . . . . . . . . . . . . . . .

140,000

Capital Stock. . . . . . . . . . . . .

?

Accounts Payable. . . . . . . . . . .

27,400

Cash . . . . . . . . . . . . . . . . . . .

9,100

Accounts Receivable  . . . . . . . .

3,300

Furnishings . . . . . . . . . . . . . .

22,600

Salaries Payable  . . . . . . . . . . .

13,200

Notes Payable. . . . . . . . . . . .

217,000

Interest Payable . . . . . . . . . . . .

4,000

Retained Earnings  . . . . . . . .

202,400

 
 

Instructions

a.       Prepare a balance sheet at December 31, 2011. Include a proper heading and organize your balance sheet similar to the illustrations shown in Chapter 2. (After “Buildings,” you may list the remaining assets in any order.) You will need to compute the amount to be shown for Capital Stock.

b.       Assume that no payment is due on the notes payable until 2013. Does this balance sheet indicate that the company is in a strong financial position as of December 31, 2011? Explain briefly.

Answers

Maurice Tutor
(5)
Status NEW Posted 19 Aug 2017 05:08 PM My Price 9.00

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