Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 20 Sep 2017 My Price 8.00

Alleg, Inc

                 Balance Sheet

               

P 3-3.             The following information was obtained from the accounts of Alleg, Inc., as of December 31, 2008. It is presented in scrambled order.

 

Common stock, authorized 21,000   shares

 

at $1 par value, issued 10,000  shares

$  10,000

Additional  paid-in capital

38,000

Cash

13,000

Marketable securities

17,000

Accounts receivable

26,000

Accounts payable

15,000

Current maturities of long-term debt

11,000

Mortgages payable

80,000

Bonds payable

70,000

Inventory

30,000

Land  and buildings

57,000

Machinery and equipment

125,000

Goodwill

8,000

Patents

10,000

Other assets

50,000

Deferred income taxes (long-term liability)

18,000

Retained earnings

33,000

Accumulated depreciation

61,000

 

Required           Prepare a classified balance sheet in report form. For assets, use the classifications of current assets,   plant and equipment, intangibles, and other assets. For liabilities, use the classifications of current liabilities and long-term liabilities.

Answers

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Status NEW Posted 20 Sep 2017 03:09 PM My Price 8.00

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