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CAPTAIN ET INC BALANCE SHIET DECEMBER 31, 2017 HICK G K Current Assets Cash 4 43200 16.000 Ma00 40,000 S40 Notes Recevable Accounts Recelvable Bventories Prepaid Insurance 10 6 8 Prepaid Rent 11 500 137.040 Tetal Current Assets Non-Current Assets Lang term investents 14 12 13 Investments in heid-for maturitty securitiesi Land heid for future development 16 Property, Plant, and Equipment $2.000 44500 15 17 Land 5,000 18 19 Buildings Less Accumulated Depredationn 291.000 -187,500 20 intangible Assets. 21 22 23 Capitalied Development Costs Goodwil Other Identifiable Intangible Assets 8,000 76.000 48,000 417.000 24 nt Assets 25 Total Assets $54,040 26 27 Carent Liabiities 28 Notes Payabie 29 Accounts Payable 30 Uneamed Revenues 31 ncome Taxes Payable 32 roperty Taxes Payable 33 nterest Payable 110,000 33.500 12.000 8440 6,600 1,s00 172.040 Total Current Liabilities 34 35 Non Current Lublties 36 Provisions Related to Pensions Bonds Payable $7 38 39 Total Liabilities: 40 stockholders Equity 41 G 42 Paid-in-capital Commos Stock 43 Total Non-Current Liabilities 172.040 stock 200,000 37.S00 AS2 25 Retained larnings 44 Accumuated Other Comprehenive income Less: Treasury Stock 5,000 45 46 47 382.000 Total Stockholders' Equity Total Liabties and Stockholders Equity s54.040 49 50 51 JE Closing + Ad TB ESs BS0 Transactions Sume0 Tablas Charts SmartArts Formulas Data Raviee Ede Fant Namoer Formal Calbri (Bodys A- 11 A- wao Tat General Nonmal Clear- Paste a % Merge Coedrional enmatting Bad A38 Insert Delete Farmat Themes C he 201 bce sheet of the Cagain Jet m K TMT NTETO T O amahed DurgA the fallewing evts naved On Jnary 10 se enchande On Jansary 12 pthe Rayes ,00 and her ae On January 14, Receive heck 4 4 edteta R thased ler ,0n anaary 14, ae ed of Sa0 to Fbr r mands med M need no ree e les On Jnuary 21, ar off he balaces to Zef and for he purshess o ianuary 12 mary mehy ch slesJanary) total S100 entwhich ag coea eue"an the ae staentrenae rede fr e ey and coG eed obe adited dnghywe 10 11 receve payme in o ay and hh On Marsh 1 12 16 0 Ae1 ougd l ffecive on the day of gh 23 11.On May 1, py $400ah tor of les 14 12 Cash dvidends teing Sao0 adeaed and paid on une k 1S Od wrete a te bank and bomowed S20,000 iene yea anul rate 16 34 On y S purchase ershndse from Maida for S3,000 on ac esed ight wy On July 7, common ok 1000 shares $10par, in echange f a nd with a ar aket aue of sa5a00 8u 330t mechande te Maide and receae ond 18 14 19 17.On Aun 20 18 On Augut 5,Py te bn 21 10 Ap 4, receive ha of the peyment omLachey 22 20 o Aub 34, ep L300 bd de m aoket and drly wre iob 23 23 On Autet 3 Py te epene S1e e to Lachey on a for S0oe ecblet ye tea e d ges andmr t b 25 26 Mnionl nfermation at the end of the yar 1 Depreciation pese for the year was $420. - yestmated thet ha e pay federal m las, 5290 perpeval ry sytem and cot of gods ld bDecembe S 30 4Oe December 31, An urpad u of the eng pe belore dcu d o Janay 33t 33 52 eomu 33 Prepere journel e for each e shee" 34 2Ppare adjusting entries n sheet 35 APrepane aduted trial balance nsheet ws 7 repare ncome Maement, Retained Eareng taement and Sce Shee nsheer 75 37 Prepane diesing enties fe sheet Csng 41 47 11 Transactions . B50 Ad T Cloung+. Normal Viw Ready Sum-0 A Ps MiniProject 1.xlsx 100% Home Layout Tables Charts SmartArt Formulas Data Review Edit Fant Alignment Number Calibri (Body) Fill 11 A A abe General Wrap Text B I U Clear A Paste % Merge Conc Form 00 F24 A R C D P G H K Journal Entries M N Adjusting Journmal Entries Adjusting JE. 1 Interest expense 7 Transaction #1 10-Jan Dr Accounts Receivable Sales revenue 18400 4 1800 18400 Interest payable 1800 COGS 9200 inventory 9200 Adjusting JE. 2 7 Transaction #2 Add JEs below Add adjusting JEs below 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 m ne Nim nuD N0 C H Capital Jet Inc. Adjusted Trial 8alance, 12/31/2018 2 Debit Credit Cash Notes Receivable Accounts Recelvable 6 Inventories 7 Prepaid Insurance Prepaid Rent Investments in held-for-maturity securitles Land held for future development 91 10 11 12 13 Land Buildings Accumulated Depreciation Capitallzed Development Costs Goodwill Other Identifiable Intangible Assets Notes Payable 14 15 16 17 18 Accounts Payable 19 20 21 22 23 Interest payable Unearned Revenues Income Taxes Payable Property Taxes Payable Utilities payable Common Stock Pald-in-capital-Common Stock Retained Earnings Accumulated Other Comprehensive Income Treasury Stock Sales revenue Sales returns supplies expense bad debt expense uolities expense 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 nterest expense depreciation expense Rent expenses thcome tax expense COGS dividends 40 41 42 43 Total BSO Transactions JE Adi TB 14 FSS Closing Readv Sum-0 Normal View abc General 0 Wrap Text Normal U Clear Paste % Merge Conditional Formatting Bad R4 fx CAPEAINY 4 ai ovs CAPTAN T INc CAFEAN Y N Sees etrn &Net Saes Conl of Goads ad MANCE UHEIT A OF ceCEMB IL Orrent Ases tned laings ng of the yer Set iname Dividends Payment Bated tai End et e w Cash Bocelbie en 11 earmcoe os 12 en ome Recelabe vnores epdurane Tnal Carent Anet 1 rnine fore inceme Tae Tax en 18 taning aher Teu Noe Carn Asets mtin hei rmnty se ane e ftre develome opeyPant, and tament and Buldings nae Derecan Capitaled Deveigment Cas oedwi oher be intne Aets Total SonCme Apt 28 Tetal Awats Guent Lis Paa Ppety taes p Tutal Cueng 40 Sutes aul onds Paat 44 Tetal ber t Comn o Comon Aumatedter Cameee me es Trey nock ta e lnty Tat Li e and touuidery oty 850 Transactions IE Adj. TB FSs Closing + Normal View Ready Sum-0 4 Ps A C E E G HI CAPTAIN JET INC BALANCE SHEET DECEMBER 31, 2017 Current Assets Cash Notes Receivable Accounts Receivable OWentories Prepaid Insurance repaid Rent 41,200 16,000 38.800 40,000 9 $40 10 S00 11 Total Current Assets 137,040 Non-Current Assets Long-term Investments 14 12 13 Ievestments in held-fonmaturity securities Land heid for future development $2,000 15 44,500 16 Property, Plant, and Equipment 17 Land a5,000 Buildings 18 291,000 -187.500 Less: Accumulated Depredation 19 20 Intangible Assets 21 Capitalized Development Costs 22 23 24 25 Total Assets 26 27 Current Liablities 28 Notes Payable 29 Accounts Payable 30 unearned Revenues 31 ncome Taxes Payable 32 Property Taxes Payable 33 nterest Payable 34 35 Non-Current Liabilities 36 8.000 76,000 48.000 Goodwill Other Identifiable Intangible Assets Total Non-Current Assets 417,000 554,040 130,000 33,500 12,000 8,440 6,600 1,500 172,040 Total Current Liabilities Provisions Related to Pensions Bonds Payable Total Non Current Liabilities 38 39 Total Liabkies 40 Stockholders tquity 41 Common Stock 42 Paid-in capital Common Seock 43Retained arnings 44 Accumulated Other Comprehenuve income 45 Less Treasury Stock 46 47 172.040 200,000 37,500 152.250 5,000 12.750 M2000 54.04D Total Stockholders Equity Total Liabaties and Stockholders tquity 48 49 Formatting fx R4 C N A M CAFTAIN N HOME STATEMENT l AR ENDED DECEMBER1 4 eie evenue Lase Sales Retun CAFTAIN ET INC ALANCE SHEET AS OF DECEMBers 3, J014s CAPTANET NC HCDME STATEMENT THOR THE YEAR EED DECEMER 31, 2018 Ourren Asets Cash Notes Recevale es ecev Tentories dinsurance etaned larmings eging of the year neamelas idee edamings td of the year Tanes tps tpn 11Deoreciaee Epera 12 oer ee oes pens 14 ad De penae Total txperses Prypuld ben Tetal Cument Assetse Aets ane nvesmentsn heformturty seartes land heid or ore devment Property Plant and taupment 17 ome Te bo 18 rno her 19 Ta and 21 idns iss Amlated Oepreciations wanee Anets Capitald Deeeomene Casts doodwi Dthen fable inange Ausets otal Son-Currend Ausat 28 etal Asets 24 Lab A pybie eeFabe eae vene rea payae Paety t pavae ut ayabies abtes gh be revs etd to P ds Pale Tatl Non Gurrent ab 42 al Lb tockholderEty on tbock 47 CamaSck ed atice AcmedOer Carehe Tey cs Total lden y fet ib aoan ety 52. 850 Transactions JE Adj. TB FSS Closing Normal View Ready Sum-0 XON ? Ps A

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