The CEO of Jisko requests our help in preparing year-end financial reports. The CEO explains that...

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The CEO of Jisko requests our help in preparing year-end financial reports. The CEO explains that they are having difficulty classifying accounts. The Tableau dashboard shows December 31 year-end data from the company's accounting system. asset: land=$114,000;long-term investment in stocks-$36,000;notes receivable(due in 3 years)-$26,000;prepaid expenses $10,800;supplies=$10,200;cash=$26,000; account receivable=$24,000;trucks-$46,000;accumlated assets=$15,000;inventory=$55,000; depreciation=$12,000;intangible liabilities&equity: accounts payable=$62,000;wages payable=$21,000;interest payable=$24,000;notes payable(due in 9 years)=$34,000;mortgage payable(due in 20 years) $84,000;common stock-$69,000; retained earnings $57,000 Required 1. Identify the company's current assets and their amounts. 2. Identify the company's current liabilities and their amounts. 3. Calculate the total amount reported for plant assets on the balance sheet. The CEO of Jisko requests our help in preparing year-end financial reports. The CEO explains that they are having difficulty classifying accounts. The Tableau dashboard shows December 31 year-end data from the company's accounting system. asset: land=$114,000;long-term investment in stocks-$36,000;notes receivable(due in 3 years)-$26,000;prepaid expenses $10,800;supplies=$10,200;cash=$26,000; account receivable=$24,000;trucks-$46,000;accumlated assets=$15,000;inventory=$55,000; depreciation=$12,000;intangible liabilities&equity: accounts payable=$62,000;wages payable=$21,000;interest payable=$24,000;notes payable(due in 9 years)=$34,000;mortgage payable(due in 20 years) $84,000;common stock-$69,000; retained earnings $57,000 Required 1. Identify the company's current assets and their amounts. 2. Identify the company's current liabilities and their amounts. 3. Calculate the total amount reported for plant assets on the balance sheet.

Answer rating: 100% (QA)

1 Current Assets Cash 26000 Notes Receivable due in 3 years 26000 Pr... View the full answer