I need help finding the 3 missing inputs for notes payable current portion Total current...

80.2K

Verified Solution

Question

Accounting

I need help finding the 3 missing inputs for notes payable current portion Total current liabilities and notes payable

imageimage

Liabilities and Stockholders' Equity Current Liabilities Accounts Payable 10070 Interest Payable 3816 Notes Payable Current Portion 99216) > Total Current Liabilities 13886 Long-Term Liabilities Notes Payable 99216 Total Liabilities 113102 Stockholders' Equity Common Stock 63600 Retained Earnings 48781 Total Stockholders' Equity 112381 Total Liabilities and Stockholders' Equity 225483 These items are taken from the financial statements of Cullumber Company at December 31, 2022. Buildings Accounts receivable Prepaid insurance Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2022) Accumulated depreciation-buildings Accounts payable Notes payable Accumulated depreciation equipment Interest payable Service revenue $112,148 13,356 3,392 12,550 87,344 64,872 827 5,618 2,756 63,600 42,400 48,336 10,070 99,216 19,843 3,816 15,582 Prepare a classified balance sheet. Assume that $14,416 of the note payable will be paid in 2023. (List Current Assets in order of liquidity and Property, plant and Equipment in order of Land, Buildings and Equipment.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students