CH 2 Q6

Chapter 2 Homework instructions I help Questions 5-6 (of 12) Save & Exit Submit The following information applies to the questions displayed below Higgins Company has been operating for one year (2014). You are a member of the management team nvestigating expansion ideas that will require borrowing funds from banks. At the start of 2015, Higgins's T account balances were as follows: Assets: Cash Short-Term Investments Property and Equipment Liabities Short-Term Notes Payable Long-Term Notes Payable Stockholders' Equity Common Stock Additional Paid-in Capital 810 1 Using the data from these T-accounts, determine the amounts for the following on January 1, 2015 Hints References eBook & Resources Hint#1 Required Information 100 points 2. Enter the above 2015 transactions in the T-accounts: Beg. Ba 4,600 Beg. Bal 2,300 End. Bal End. Bal Beg. Bal. 3,400 Beg. Bal 1,300 End. Bal. End. Bal Notes Payable 390 Stock Beg. Bal. Beg. Bal 760 End. Bal. End. Bal Beg. Bal. 3.040 Beg. Bal 4,810 End. Bal. End. Bal