Ricky Corporation had the following alphabetical account balance listing at December 31, 20X1 (in thousands of dollars).
Question:
Ricky Corporation had the following alphabetical account balance listing at December 31, 20X1 (in thousands of dollars).
Required:
Prepare a balance sheet for Ricky Corporation at December 31, 20X1.
Transcribed Image Text:
Debit Credit Accounts payable $ 9,224 Accounts receivable $ 3,248 Accrued liabilities 12,226 Accumulated depreciation-buildings Accumulated depreciation-furniture and office equipment Accumulated depreciation-land improvements Accumulated depreciation-machinery and equipment Additional paid-in capital 6,028 322 862 19,664 1,584 Allowance for uncollectible accounts 14 Bonds payable Buildings Cash 1,358 19,950 354 Common stock 960 Deferred revenues (current) Deferred revenues (noncurrent) Furniture and office equipment Income taxes payable Inventories 188 2,768 634 1,888 15,152 Investment (noncurrent) Land 10,816 536 Land improvements Leasehold improvements (net of amortization) Machinery and equipment Notes payable (long term) Notes receivable (due June 15, 20X2) Preferred stock 1,438 44 28,868 600 8,014 566 Prepaid expenses Retained earnings 1,458 Short-term investments 7,754 Special tools 1,984
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Ricky Corporation Balance Sheet As of December 31 20X1 in thousands Assets Current assets Cash 354 S...View the full answer
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Related Book For
Financial Reporting And Analysis
ISBN: 9781260247848
8th Edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
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