Maurice Tutor

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

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
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 26 Sep 2017 My Price 9.00

Redlands Corporation

The following data, presented in alphabetical order, are taken from the records of Redlands Corporation.

Accounts payable

$ 375,000

Accounts receivable

135,000

Accumulated depreciation—buildings

270,000

Accumulated depreciation—equipment

80,000

Allowance for doubtful accounts

10,000

Bonds payable (10%, due 2022)

600,000

Buildings

1,350,000

Cash

210,000

Common stock ($5 par value; 500,000 shares authorized,

  

440,000 shares issued)

2,200,000

Discount on bonds payable

30,000

Dividends payable

75,000

Equipment

415,000

Goodwill

300,000

Income taxes payable

180,000

Inventory

255,000

Investment in Bonita Inc. stock (30% ownership), at equity

900,000

Land

780,000

Notes payable (due 2013)

110,000

Paid-in capital in excess of par—common stock

300,000

Prepaid insurance

25,000

Retained earnings

480,000

Short-term investments, at fair value (and cost)

280,000

Instructions

Prepare a classified balance sheet at December 31, 2012.

Answers

Maurice Tutor
(5)
Status NEW Posted 26 Sep 2017 06:09 PM My Price 9.00

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