Business, 18.02.2021 23:30 hamidaakter936848

The December 31, 2021, post-closing trial balance for Strong Corporation is presented below: Accounts Debit Credit Cash $ 22,300 Accounts receivable 23,300 Prepaid insurance 4,800 Supplies 180,000 Long-Term Investments 57,000 Land 49,000 Buildings 272,000 Accumulated depreciation 88,000 Accounts payable 37,100 Notes payable, due 2022 68,000 Interest payable 15,000 Notes payable, due 2031 122,000 Common stock 160,000 Retained earnings 118,300 Totals $ 608,400 $ 608,400 Prepare a classified balance sheet for Strong Corporation at December 31, 2021.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 15:20

Gulliver travel agencies thinks interest rates in europe are low. the firm borrows euros at 5 percent for one year. during this time period the dollar falls 11 percent against the euro. what is the effective interest rate on the loan for one year? (consider the 11 percent fall in the value of the dollar as well as the interest payment.)

Answers: 2

Answer

Business, 22.06.2019 16:10

The brs corporation makes collections on sales according to the following schedule: 30% in month of sale 66% in month following sale 4% in second month following sale the following sales have been budgeted: sales april $ 130,000 may $ 150,000 june $ 140,000 budgeted cash collections in june would be:

Answers: 1

Answer

Business, 22.06.2019 19:20

The following information is from the 2019 records of albert book shop: accounts receivable, december 31, 2019 $ 42 comma 000 (debit) allowance for bad debts, december 31, 2019 prior to adjustment 2 comma 000 (debit) net credit sales for 2019 179 comma 000 accounts written off as uncollectible during 2017 15 comma 000 cash sales during 2019 28 comma 500 bad debts expense is estimated by the method. management estimates that $ 5 comma 300 of accounts receivable will be uncollectible. calculate the amount of bad debts expense for 2019.

Answers: 2

Answer

Business, 22.06.2019 19:50

The new york company produces high quality chairs. variable manufacturing overhead is applied at a standard rate of $12 per machine hour. each chair requires a standard quantity of six machine hours. production for the month totaled 4,000 units. calculate: the standard cost per unit for variable overhead. select one: a. $130,000 b. $192,000 c. $90,000 d. $100,000

Answers: 2

Answer

You know the right answer?

The December 31, 2021, post-closing trial balance for Strong Corporation is presented below: Account...

Questions