Inventory (finished goods) Unearned Service Revenue Equipment Inventory (work in process) Cash Debt Investments (trading) Customer...

  

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Inventory (finished goods) Unearned Service Revenue Equipment Inventory (work in process) Cash Debt Investments (trading) Customer Advances Restricted Cash for Plant Expansion 1. 2. 3. 4. 5. $ 60.500 7. 92,200 The following additional information is available. 261,300 34,200 40,700 39,700 38,100 53,200 Cost of Goods Sold Notes Receivable Accounts Receivable Inventory (raw materials) Supplies Expense Allowance for Doubtful Accounts. Licenses Additional Paid-in Capital Treasury Stock $2,120,400 40,400 152,420 193,420 55,100 11,520 17,680 85,150 22,270 Inventories are valued at lower-of-cost-or-market using LIFO. Equipment is recorded at cost. Accumulated depreciation, computed on a straight-line basis, is $50,781. The short-term investments have a fair value of $31.260. The notes receivable are due April 30, 2027, with interest receivable every April 30. The notes bear interest at 6%. (Hint: Accrue interest due on December 31, 2025) The allowance for doubtful accounts applies to the accounts receivable. Accounts receivable of $51,900 are pledged as collateral on a bank loan. Licenses are recorded net of accumulated amortization of $14.460 Treasury stock is recorded at cost. Current Assets Cash Less Restricted Cash Accounts Receivable Less : Allowance for Doubtful Accounts Interest Receivable Inventories Finished Goods Work-in-Process Raw Materials Total Current Assets STELLAR COMPANY Balance Sheet (Partial) December 31, 2025 100 10 10 700 Inventory (finished goods) Unearned Service Revenue Equipment Inventory (work in process) Cash Debt Investments (trading) Customer Advances Restricted Cash for Plant Expansion 1. 2. 3. 4. 5. $ 60.500 7. 92,200 The following additional information is available. 261,300 34,200 40,700 39,700 38,100 53,200 Cost of Goods Sold Notes Receivable Accounts Receivable Inventory (raw materials) Supplies Expense Allowance for Doubtful Accounts. Licenses Additional Paid-in Capital Treasury Stock $2,120,400 40,400 152,420 193,420 55,100 11,520 17,680 85,150 22,270 Inventories are valued at lower-of-cost-or-market using LIFO. Equipment is recorded at cost. Accumulated depreciation, computed on a straight-line basis, is $50,781. The short-term investments have a fair value of $31.260. The notes receivable are due April 30, 2027, with interest receivable every April 30. The notes bear interest at 6%. (Hint: Accrue interest due on December 31, 2025) The allowance for doubtful accounts applies to the accounts receivable. Accounts receivable of $51,900 are pledged as collateral on a bank loan. Licenses are recorded net of accumulated amortization of $14.460 Treasury stock is recorded at cost. Current Assets Cash Less Restricted Cash Accounts Receivable Less : Allowance for Doubtful Accounts Interest Receivable Inventories Finished Goods Work-in-Process Raw Materials Total Current Assets STELLAR COMPANY Balance Sheet (Partial) December 31, 2025 100 10 10 700 Inventory (finished goods) Unearned Service Revenue Equipment Inventory (work in process) Cash Debt Investments (trading) Customer Advances Restricted Cash for Plant Expansion 1. 2. 3. 4. 5. $ 60.500 7. 92,200 The following additional information is available. 261,300 34,200 40,700 39,700 38,100 53,200 Cost of Goods Sold Notes Receivable Accounts Receivable Inventory (raw materials) Supplies Expense Allowance for Doubtful Accounts. Licenses Additional Paid-in Capital Treasury Stock $2,120,400 40,400 152,420 193,420 55,100 11,520 17,680 85,150 22,270 Inventories are valued at lower-of-cost-or-market using LIFO. Equipment is recorded at cost. Accumulated depreciation, computed on a straight-line basis, is $50,781. The short-term investments have a fair value of $31.260. The notes receivable are due April 30, 2027, with interest receivable every April 30. The notes bear interest at 6%. (Hint: Accrue interest due on December 31, 2025) The allowance for doubtful accounts applies to the accounts receivable. Accounts receivable of $51,900 are pledged as collateral on a bank loan. Licenses are recorded net of accumulated amortization of $14.460 Treasury stock is recorded at cost. Current Assets Cash Less Restricted Cash Accounts Receivable Less : Allowance for Doubtful Accounts Interest Receivable Inventories Finished Goods Work-in-Process Raw Materials Total Current Assets STELLAR COMPANY Balance Sheet (Partial) December 31, 2025 100 10 10 700 Inventory (finished goods) Unearned Service Revenue Equipment Inventory (work in process) Cash Debt Investments (trading) Customer Advances Restricted Cash for Plant Expansion 1. 2. 3. 4. 5. $ 60.500 7. 92,200 The following additional information is available. 261,300 34,200 40,700 39,700 38,100 53,200 Cost of Goods Sold Notes Receivable Accounts Receivable Inventory (raw materials) Supplies Expense Allowance for Doubtful Accounts. Licenses Additional Paid-in Capital Treasury Stock $2,120,400 40,400 152,420 193,420 55,100 11,520 17,680 85,150 22,270 Inventories are valued at lower-of-cost-or-market using LIFO. Equipment is recorded at cost. Accumulated depreciation, computed on a straight-line basis, is $50,781. The short-term investments have a fair value of $31.260. The notes receivable are due April 30, 2027, with interest receivable every April 30. The notes bear interest at 6%. (Hint: Accrue interest due on December 31, 2025) The allowance for doubtful accounts applies to the accounts receivable. Accounts receivable of $51,900 are pledged as collateral on a bank loan. Licenses are recorded net of accumulated amortization of $14.460 Treasury stock is recorded at cost. Current Assets Cash Less Restricted Cash Accounts Receivable Less : Allowance for Doubtful Accounts Interest Receivable Inventories Finished Goods Work-in-Process Raw Materials Total Current Assets STELLAR COMPANY Balance Sheet (Partial) December 31, 2025 100 10 10 700 Inventory (finished goods) Unearned Service Revenue Equipment Inventory (work in process) Cash Debt Investments (trading) Customer Advances Restricted Cash for Plant Expansion 1. 2. 3. 4. 5. $ 60.500 7. 92,200 The following additional information is available. 261,300 34,200 40,700 39,700 38,100 53,200 Cost of Goods Sold Notes Receivable Accounts Receivable Inventory (raw materials) Supplies Expense Allowance for Doubtful Accounts. Licenses Additional Paid-in Capital Treasury Stock $2,120,400 40,400 152,420 193,420 55,100 11,520 17,680 85,150 22,270 Inventories are valued at lower-of-cost-or-market using LIFO. Equipment is recorded at cost. Accumulated depreciation, computed on a straight-line basis, is $50,781. The short-term investments have a fair value of $31.260. The notes receivable are due April 30, 2027, with interest receivable every April 30. The notes bear interest at 6%. (Hint: Accrue interest due on December 31, 2025) The allowance for doubtful accounts applies to the accounts receivable. Accounts receivable of $51,900 are pledged as collateral on a bank loan. Licenses are recorded net of accumulated amortization of $14.460 Treasury stock is recorded at cost. Current Assets Cash Less Restricted Cash Accounts Receivable Less : Allowance for Doubtful Accounts Interest Receivable Inventories Finished Goods Work-in-Process Raw Materials Total Current Assets STELLAR COMPANY Balance Sheet (Partial) December 31, 2025 100 10 10 700 Inventory (finished goods) Unearned Service Revenue Equipment Inventory (work in process) Cash Debt Investments (trading) Customer Advances Restricted Cash for Plant Expansion 1. 2. 3. 4. 5. $ 60.500 7. 92,200 The following additional information is available. 261,300 34,200 40,700 39,700 38,100 53,200 Cost of Goods Sold Notes Receivable Accounts Receivable Inventory (raw materials) Supplies Expense Allowance for Doubtful Accounts. Licenses Additional Paid-in Capital Treasury Stock $2,120,400 40,400 152,420 193,420 55,100 11,520 17,680 85,150 22,270 Inventories are valued at lower-of-cost-or-market using LIFO. Equipment is recorded at cost. Accumulated depreciation, computed on a straight-line basis, is $50,781. The short-term investments have a fair value of $31.260. The notes receivable are due April 30, 2027, with interest receivable every April 30. The notes bear interest at 6%. (Hint: Accrue interest due on December 31, 2025) The allowance for doubtful accounts applies to the accounts receivable. Accounts receivable of $51,900 are pledged as collateral on a bank loan. Licenses are recorded net of accumulated amortization of $14.460 Treasury stock is recorded at cost. Current Assets Cash Less Restricted Cash Accounts Receivable Less : Allowance for Doubtful Accounts Interest Receivable Inventories Finished Goods Work-in-Process Raw Materials Total Current Assets STELLAR COMPANY Balance Sheet (Partial) December 31, 2025 100 10 10 700

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