Great Deal! Get Instant $10 FREE in Account on First Order + 10% Cashback on Every Order Order Now

Excel spreadsheet attached

1 answer below »
Excel spreadsheet attached
Answered Same Day Sep 02, 2021

Solution

Sumit answered on Sep 04 2021
146 Votes
Classify Assets
     Classify Each Asset Properly by Placing an X in the Proper Column
        Cu
ent Assets    Investments    Property, Plant    Intangible Assets    Other Assets
                 & Equipment
    Accounts Receivable    X
    Accumulated Depreciation            X
    Buildings            X
    Cash    X
    Copper Mine            X
    Copyrights                X
    Debt Service Fund        X
    Defe
ed Pension Expense                    X
    Defe
ed Tax Expense                    X
    Derivitive Assets        X
    Frachise                X
    Goodwill                X
    Land             X
    Land for Future Expansion            X
    Land Improvements            X
    Long-Term Leased Assets            X
    Long-term Notes Receivable        X
    Long-term Stock Investments        X
    Machinery            X
    Merchandise Inventory    X
    Natural Gas Deposits            X
    Oil Field            X
    Patents                X
    Prepaid Insurance     X
    Prepaid Rent    X
    Short-Term Investments        X
    Supplies Inventory    X
    Trade Name                X
    Trademark                X
Which Statement
     Place an X in the Column for the financial statement where each is reported. It is possible for items to be reported on two statements.
        Income    Balance    Statement of    Statement of    Statement of
        Statement    Sheet    Cash Flows    Retained Earnings    Stocholders' Equity
     Buildings        X
    Accounts Payable        X
    Accounts Receivable        X
    Bonds Payable        X
    Cash        X    X
    Cash paid for Salaries            X
    Cash paid for Salaries            X
    Cash paid to suppliers            X
    Cash Received from Customers            X
    Common Stock                    X
    Copyrights        X
    Cost of Goods Sold    X
    Debt Service Fund        X
    Dividends Paid to Shareholders            X        X
    Gain on sale of old equipment    X        X
    Gain or loss on Derivatives    X        X
    Gain or Loss on Foreign Cu
ency Translation    X
    General Administrative Expenses    X
    Gold Mine        X
    Interest Expense    X        X
    Interest Revenue    X        X
    Inventories        X
    Land         X
    Loss on sale of investments    X        X
    Natural Gas Lease Rights        X
    Other Accumulated Comprehensive Income    X
    Paid cash for Taxes            X
    Patents        X
    Prefe
ed Stock                    X
    Prepaid Insurance        X
    Purchasing investements with cash            X
    Retained Earnings                X
    Sales Revenue    X
    Selling Expenses    X
    Short-Term Investments        X
    Taxes Payable    X
    Treasury Stock                    X
Balance Sheet
    Use ths post-closing trial balance to create a classified balance sheet in good form.
    If you do it right, total assets will equal the sum of liabilities and totalstockholders' equity.
    Account...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here