Comparative Balance Sheet Requirements 1. Compute the amount of Rite Way Equipment, Inc's acquisition of plant...

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Comparative Balance Sheet Requirements 1. Compute the amount of Rite Way Equipment, Inc's acquisition of plant assets Assume the acquistion was for cash Rite Way Equipment Inc disposed of plant assets at book value The cost and accumulated depreciation of the disposed asset was $45,700 No cash was received upon disposal 2. Compute new bomowing or payment of long-term notes payable, wi Re Way Equipment, Inc having only one long term notes payable transaction during the year Compute the issuance of common stock with Re Way Equipment, Inc. having only one common stock transaction during the year Compute the payment of cash dividends Cument Assets Print Done Assets Income Statement Cash Accounts Receivable Merchandisekventory $ 21,000 $ 60,000 11.000 48000 10,000 8.000 Long-term Asse Rite Way Equipment, in Income Statement Plant Assets 264,700 221400 Year Ended December 31, 2025 Accumulated Depreciation-Plant Assets Net Sales Revenue 716.00 (37,700) $4.000 0.400) 79000 Investments Cost of Goods Sold 344.00 488.000 411.000 Gross Profit 374,00 Total Assets Opening Expenses Liabil Cument Labe Accounts Payable Salaries Payable Long-term Lates 55.000 75,000 Notes Payable Tab 135000 156.000 Stockholders' Equity Depreciation Expense 47,000 75.000 S 5.000 73.000 A,000 Other Operating Expenses Total Operating Expenses 202,000 249 C 125 Net Income Print Done Print Done Rite Way Equipment, Inc reported the following financial statements for 2025: View the income statement Read the requirements. View the comparative balance sheet. Requirement 1. Compute the amount of Rite Way Equipment, Inc.'s acquisition of plant assets. Rite Way Equipment, Inc. disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $45,700. No cash was received upon disposal The acquisition of plant assets amounts to Ask my instructor Comparative Balance Sheet Long-term Assets: Plant Assets 264,700 221,400 Accumulated Depreciation-Plant Assets (37,700) (36,400) 94,000 79.000 Investments $ 488,000 $ 411,000 Total Assets Liabilities Current Liabilities Accounts Payable Salaries Payable Long-term Liabilities Notes Payable Total Liabilities 75.000 $ 5,000 73,000 8.000 55,000 75,000 135,000 156,000 Stockholders' Equity Common Stock, no par 52.000 32,000 301,000 223,000 Retained Earnings 353.000 255.000 Total Stockholders' Equity $ 488,000 5 411,000 Total Liabilities and Stockholders' Equity Comparative Balance Sheet Requirements 1. Compute the amount of Rite Way Equipment, Inc's acquisition of plant assets Assume the acquistion was for cash Rite Way Equipment Inc disposed of plant assets at book value The cost and accumulated depreciation of the disposed asset was $45,700 No cash was received upon disposal 2. Compute new bomowing or payment of long-term notes payable, wi Re Way Equipment, Inc having only one long term notes payable transaction during the year Compute the issuance of common stock with Re Way Equipment, Inc. having only one common stock transaction during the year Compute the payment of cash dividends Cument Assets Print Done Assets Income Statement Cash Accounts Receivable Merchandisekventory $ 21,000 $ 60,000 11.000 48000 10,000 8.000 Long-term Asse Rite Way Equipment, in Income Statement Plant Assets 264,700 221400 Year Ended December 31, 2025 Accumulated Depreciation-Plant Assets Net Sales Revenue 716.00 (37,700) $4.000 0.400) 79000 Investments Cost of Goods Sold 344.00 488.000 411.000 Gross Profit 374,00 Total Assets Opening Expenses Liabil Cument Labe Accounts Payable Salaries Payable Long-term Lates 55.000 75,000 Notes Payable Tab 135000 156.000 Stockholders' Equity Depreciation Expense 47,000 75.000 S 5.000 73.000 A,000 Other Operating Expenses Total Operating Expenses 202,000 249 C 125 Net Income Print Done Print Done Rite Way Equipment, Inc reported the following financial statements for 2025: View the income statement Read the requirements. View the comparative balance sheet. Requirement 1. Compute the amount of Rite Way Equipment, Inc.'s acquisition of plant assets. Rite Way Equipment, Inc. disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $45,700. No cash was received upon disposal The acquisition of plant assets amounts to Ask my instructor Comparative Balance Sheet Long-term Assets: Plant Assets 264,700 221,400 Accumulated Depreciation-Plant Assets (37,700) (36,400) 94,000 79.000 Investments $ 488,000 $ 411,000 Total Assets Liabilities Current Liabilities Accounts Payable Salaries Payable Long-term Liabilities Notes Payable Total Liabilities 75.000 $ 5,000 73,000 8.000 55,000 75,000 135,000 156,000 Stockholders' Equity Common Stock, no par 52.000 32,000 301,000 223,000 Retained Earnings 353.000 255.000 Total Stockholders' Equity $ 488,000 5 411,000 Total Liabilities and Stockholders' Equity