1Prepaid expenses include $150,000 paid on December 31,2021, for 3 year rent on ...

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Accounting

1Prepaid expenses include $150,000 paid on December 31,2021, for 3 year rent on
the building that houses both the administrative offices and the manufacturing facility.the land account includes land held for speculation for 450002Investments include $68,000 in Treasury bills purchased on November 30,2021. The bills mature on January 30,2022. The remaining $110,000is an investment in equity securities. The company intends to sell 30 percent of their investments security in the next year3Deferred revenue represents customer prepayments for magazine subscriptions. Special orders earned evenly over next 24 months4The notes payable account consists of the following:1a $50,000 note due in six months.2a $149,000 note due 7/31/20273a $96000 note due in 6 annual installments of $16000 each, with the next installment due August 31,2022.5total stockholders equity includes 100000 shares of 2 dollar par value common stock issued and outstanding the average issue price of these shares is 4.25 the remaining balance in stockholders equity after considering paid in capital is retained earnings find cash and cash equivalents, short term investment, total current assets, long term investment section, total ppe net, total intangibles, total other assets section,total current liabilities, total long term liabilities, common stock, paid in capital in exc ess of par, retained earnings

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