p5-3) preparing a balance sheet and analyzing some of its parts

Project Description:

exquisite jewlers is developing its annual financial statements for 2012. the following ammounts were correct at december 31, 2012: cash. $58,000; accounts receivable, $71,000; merchandise inventory, $154,000; prepaid insurance, $1,500; investment in stock of z corporation (long-term), $36,000; store equipment, $67,000; used store equipment held for disposal, $9,000; accumulated depreciation, store euipment, $19,000; accounts payable, $52,500; long-term notes payable, 442,000; income tax payable, $9,000; retained earnings, 4164,000; and common stock, 100,000 shares outstanding. par value $1.00 per share (originally sold and issued at 41.10 per share.
required:
1. based on these data, prepare a december 31, 2012 balance sheet. use the following major captions.
(list the individual items under these captions)
a. assets: current assets, long-term investments, fixed assets, and other assets.
b. liabilities: current liabilities, and long-term liabilities.
c. stockholders' equity: contributed capital, and retained earnings.
2. what is the net book value of the store equipment? explain what this value means?
Skills Required:
Project Stats:

Price Type: Negotiable

Expired
Total Proposals: 11
1 Current viewersl
15 Total views
Project posted by:

Proposals

Proposals Reputation Price offered
  • 4.5
    145 Jobs 96 Reviews
    $0 in 0 Day
  • 4.2
    11 Jobs 9 Reviews
    $0 in 0 Day
  • 4.6
    113 Jobs 80 Reviews
    $10 in 0 Day
  • 4.5
    387 Jobs 254 Reviews
    $10 in 0 Day
  • 5.0
    3 Jobs 1 Reviews
    $0 in 0 Day
  • 4.9
    287 Jobs 248 Reviews
    $10 in 0 Day
  • 4.6
    647 Jobs 468 Reviews
    $0 in 0 Day
  • 4.4
    18 Jobs 8 Reviews
    $0 in 0 Day
  • 0.0
    2 Jobs 0 Reviews
    $0 in 0 Day
  • 4.0
    5 Jobs 4 Reviews
    $0 in 0 Day