Question: A s controller for Henderson, you are attempting t o reconstruct and revise the following balance sheet prepared b y a staff accountant. Henderson Manufacturing

As controller for Henderson, you are attempting to reconstruct and revise the following balance sheet prepared by a staff accountant.
Henderson Manufacturing CompanyBalance SheetDecember 31,2024($ in000s)Assets Current assets: Cash $ 2,000Accounts receivable 4,600Allowance for uncollectible accounts (500)Finished goods inventory 6,800Prepaid expenses 3,300Total current assets 16,200Long-term assets: Investments 2,900Raw materials and work in process inventory 3,800Equipment 19,000Accumulated depreciation-equipment (8,900)Franchise?question markTotal assets $ ?question markLiabilities and Shareholders Equity Current liabilities: Accounts payable $ 7,100Notes payable 7,000Interest payable-note 300Deferred revenue 3,300Total current liabilities 17,700Long-term liabilities: Bonds payable 12,000Interest payable-bonds 300Shareholders equity: Common stock$ ?question mark Retained earnings?question mark?question markTotal liabilities and shareholders equity ?question mark
Additional information ($ in000s):
Certain records that included the account balances for the franchise and shareholders equity items were lost. However, a complete, preliminary balance sheet prepared before the records were lost showed a debt to equity ratio of1.5. That is, total liabilities are 150%of total shareholders equity. Retained earnings at the beginning of the year was $3,100. Net income for 2024 was $2,200, and $900in cash dividends were declared and paid to shareholders.
The investments represent treasury bills purchased in December 2024 that mature in January 2025. These are considered cash equivalents.
Interest on both the notes and the bonds is payable annually.
The notes payable account contains one note that is due in annual installments of $700 for each payment due.
Deferred revenue will be recognized equally over the next 18 months.
The common stock represents 500,000 shares ofno par stock authorized, of which 300,000 shares are issued and outstanding.
Required:
Prepare a complete, corrected, classified balance sheet.
Note: Do not round your intermediate calculations. Enter your answers in the order of their liquidity. Amounts tobe deducted should be indicated by a minus sign. Enter your answers in thousands of dollars.

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