Question: Current Attempt in Progress Selected financial information for Cullumber as at December 31, 2021, follows: Accounts payable $210.000 Land $107.000 Accounts receivable 190,000 Licences 58,000



Current Attempt in Progress Selected financial information for Cullumber as at December 31, 2021, follows: Accounts payable $210.000 Land $107.000 Accounts receivable 190,000 Licences 58,000 Accumulated depreciation-building 77.000 L ong-term equity investments 45.000 Building 255.000 Mortgage payable 218,000 Cash 16.500 Notes payable 55,000 Goodwill 37.000 Prepaid expenses 6,600 Interest payable 16,000 Salaries payable 27.500 J. Chrowder, capital 96,100 Supplies 11,000 Unearned revenue 26.500 Additional information: 1. All accounts have normal balances. 2. $16,000 of the mortgage payable will be paid before December 31, 2022 3. The notes payable are payable on May 17,2022. Prepare a classified balance sheet. (List Current Assets in order of liquidity List Property Plant and Equipment in order of Prepare a classified balance sheet. (List Current Assets in order of liquidity List Property Plant and Equipment in order of Land Building and Equipment) CULLUMBER Balance Sheet signments 27910 modulo com a songs Liabilities and Owner's Equity e Textbook and Media Calculate working capital, the current ratio and the acid-test ratio Round current ratio and acid-test ratio answers to 2 decimal placeses 17 amounts using either a negative receding the number 45 or parentheses (450 Working capital s Current ratio Acest ratio e Textbook and Media Identify the company's liquidity The comm o dity is Textbook and Media Current Attempt in Progress Selected financial information for Cullumber as at December 31, 2021, follows: Accounts payable $210.000 Land $107.000 Accounts receivable 190,000 Licences 58,000 Accumulated depreciation-building 77.000 L ong-term equity investments 45.000 Building 255.000 Mortgage payable 218,000 Cash 16.500 Notes payable 55,000 Goodwill 37.000 Prepaid expenses 6,600 Interest payable 16,000 Salaries payable 27.500 J. Chrowder, capital 96,100 Supplies 11,000 Unearned revenue 26.500 Additional information: 1. All accounts have normal balances. 2. $16,000 of the mortgage payable will be paid before December 31, 2022 3. The notes payable are payable on May 17,2022. Prepare a classified balance sheet. (List Current Assets in order of liquidity List Property Plant and Equipment in order of Prepare a classified balance sheet. (List Current Assets in order of liquidity List Property Plant and Equipment in order of Land Building and Equipment) CULLUMBER Balance Sheet signments 27910 modulo com a songs Liabilities and Owner's Equity e Textbook and Media Calculate working capital, the current ratio and the acid-test ratio Round current ratio and acid-test ratio answers to 2 decimal placeses 17 amounts using either a negative receding the number 45 or parentheses (450 Working capital s Current ratio Acest ratio e Textbook and Media Identify the company's liquidity The comm o dity is Textbook and Media
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