From the following data, prepare a classified balance sheet for Taylorsville Construction Company at December 31,2012 $ 4,250 Accounts payable Accounts receivable $ 74,300 Supplies Land Mortgage payable Net income for 2012 Owners' equity, 12 31 12 423,400 109,450 512,000 314,300 Buildings Owners' e...

From the following data, prepare a classified balance sheet for Taylorsville Construction Company at December 31,2012. $

Question:

From the following data, prepare a classified balance sheet for Taylorsville Construction Company at December 31,2012.

$ 4,250 Accounts payable Accounts receivable $ 74,300 Supplies. Land. Mortgage payable Net income for 2012. Owners' equi

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 85% (7 reviews)

Taylorsville Construction Company Balance Sheet December 31 2012 Assets Current assets Cash 153600 A...View the full answer

Answered By

Asim farooq

I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening. My Expert Service Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities

4.40+ 65+ Reviews 86+ Question Solved

Related Book For book-img-for-question

Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

See More Books

Question Posted: Dec 30, 2011 03:17 AM

See More Questions

From the following data, prepare a classified balance sheet for Taylorsville Construction Company at December 31,2012. $

Question:

$ 4,250 Accounts payable Accounts receivable $ 74,300 Supplies. Land. Mortgage payable Net income for 2012. Owners' equity, 12/31/12. 423,400 109,450 512,000 314,300 Buildings. Owners' equity, 1/1/12 Cash Distributions to owners 153,600 during 2012 48,100

Step by Step Answer:

Taylorsville Construction Company Balance Sheet December 31 2012 Assets Current assets Cash 153600 A...View the full answer

Accounting concepts and applications

Students also viewed these Accounting questions