CEO of Jisko requests our help in preparing year-end financial reports. The CEO explains that...
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CEO of Jisko requests our help in preparing year-end financial reports. The CEO explains that they are having difficulty classifying accounts. The Tableau dashboard shows December 31 year-end data from the companys accounting system. Assets= land=114000 long term investments in stocks=36000 notes receivable=26000 (due in 3 years) prepaid expences=10800 accounts receivable=24000 cash=26000 supplies=10200 intangible assets=15000 inventry 55000 trucks 46000( accumulated deprication = 12000) liabilities and equity accounts payable=62000 wages payable=21000 interest payable=24000 notes payable=34000 (due in 9 years) mortage payable=84000( due in 20 years) j.carter, capital=126000 1. Identify the companys current assets and their amounts. 2. Identify the companys current liabilities and their amounts. 3. Calculate the total amount reported for property, plant and equipment on the balance sheet.
CEO of Jisko requests our help in preparing year-end financial reports. The CEO explains that they are having difficulty classifying accounts. The Tableau dashboard shows December 31 year-end data from the companys accounting system.
Assets= land=114000
long term investments in stocks=36000
notes receivable=26000 (due in 3 years)
prepaid expences=10800
accounts receivable=24000
cash=26000
supplies=10200
intangible assets=15000
inventry 55000
trucks 46000( accumulated deprication = 12000)
liabilities and equity
accounts payable=62000
wages payable=21000
interest payable=24000
notes payable=34000 (due in 9 years)
mortage payable=84000( due in 20 years)
j.carter, capital=126000
1. Identify the companys current assets and their amounts.
2. Identify the companys current liabilities and their amounts.
3. Calculate the total amount reported for property, plant and equipment on the balance sheet.
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