Alpha Geek

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  • bachelor in business administration
    Polytechnic State University Sanluis
    Jan-2006 - Nov-2010

  • CPA
    Polytechnic State University
    Jan-2012 - Nov-2016

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    Harvard Square Academy (HS2)
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Category > Accounting Posted 29 May 2017 My Price 6.00

Listed here are items taken from the income statement and balance sheet of Bargain Electronics, Inc.

 

Listed here are items taken from the income statement and balance sheet of Bargain Electronics, Inc. for the year ended December 31, 2012. Certain items have been combined for simplification. Amounts are given in thousands.

Notes payable (due in 3 years)

$ 50.5

Cash

141.1

Salaries and wages expense

2,933.6

Common stock

454.9

Accounts payable

922.2

Accounts receivable

723.3

Equipment, net

921.0

Cost of goods sold

9,501.4

Income taxes payable

7.2

Interest expense

1.5

Mortgage payable

451.5

Retained earnings

1,336.3

Inventory

1,636.5

Sales revenue

12,456.9

Short-term investments

382.6

Income tax expense

30.5

Goodwill

202.7

Notes payable (due in 6 months)

784.6

Instructions

Prepare an income statement and a classified balance sheet using the items listed. Do not use any item more than once.

 
 

Answers

Alpha Geek
(8)
Status NEW Posted 29 May 2017 08:05 AM My Price 6.00

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Attachments

file 1496048211-Answer.docx preview (166 words )
L-----------ist-----------ed -----------her-----------e a-----------re -----------ite-----------ms -----------tak-----------en -----------fro-----------m t-----------he -----------inc-----------ome----------- st-----------ate-----------men-----------t a-----------nd -----------bal-----------anc-----------e s-----------hee-----------t o-----------f B-----------arg-----------ain----------- El-----------ect-----------ron-----------ics-----------, I-----------nc.----------- fo-----------r t-----------he -----------yea-----------r e-----------nde-----------d D-----------ece-----------mbe-----------r 3-----------1, -----------201-----------2. -----------Cer-----------tai-----------n i-----------tem-----------s h-----------ave----------- be-----------en -----------com-----------bin-----------ed -----------for----------- si-----------mpl-----------ifi-----------cat-----------ion-----------. A-----------mou-----------nts----------- ar-----------e g-----------ive-----------n i-----------n t-----------hou-----------san-----------ds.----------- N-----------ote-----------s p-----------aya-----------ble----------- (d-----------ue -----------in -----------3 y-----------ear-----------s) -----------$ 5-----------0.5----------- C-----------ash----------- 14-----------1.1----------- S-----------ala-----------rie-----------s a-----------nd -----------wag-----------es -----------exp-----------ens-----------e 2-----------,93-----------3.6----------- C-----------omm-----------on -----------sto-----------ck -----------454-----------.9 ----------- Ac-----------cou-----------nts----------- pa-----------yab-----------le -----------922-----------.2 ----------- Ac-----------cou-----------nts----------- re-----------cei-----------vab-----------le -----------723-----------.3 ----------- Eq-----------uip-----------men-----------t, -----------net----------- 92-----------1.0----------- C-----------ost----------- of----------- go-----------ods----------- so-----------ld -----------9,5-----------01.-----------4
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