Question: help asap please As controller for Henderson, you are attempting to reconstruct and revise the following balance sheet prepared by a staff accountant. Henderson Manufacturing
help asap please




As controller for Henderson, you are attempting to reconstruct and revise the following balance sheet prepared by a staff accountant. Henderson Manufacturing Company Balance Sheet At December 31, 2021 ( $ in 000s) Assets Current assets: \begin{tabular}{|l|r|r|} \hline Cash and cash equivalents & & $ \\ \hline Accounts receivable (net) & & 5,850 \\ \hline Inventory: & $,700 & \\ \hline Raw materials and work in process & & \\ \hline Finished goods & & 11,200 \\ \hline Prepaid expenses & & 4,200 \\ \hline Total current assets & & 21,250 \\ \hline Property, plant, and equipment: & 9,800 & \\ \hline Equipment & & \\ \hline Accumulated depreciation & & \\ \hline Net property, plant, and equipment & & \\ \hline Intangibles: & & \\ \hline Franchise (net) & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Liabilities and Shareholders' Equity } & \\ \hline Current liabilities: & & \\ \hline Accounts payable & & \\ \hline Interest payable & & \\ \hline Current maturities of long-term debt & & \\ \hline Deferred revenue & & \\ \hline & & \\ \hline Total current liabilities & & \\ \hline Long-term liabilities: & & \\ \hline Deferred revenue & & \\ \hline Notes payable & & \\ \hline Bonds payable & & \\ \hline & & \\ \hline Total liabilities & & \\ \hline Shareholders' equity: & & \\ \hline Common stock & & \\ \hline Retained earnings & & \\ \hline & & \\ \hline Total shareholders' equity & & \\ \hline \end{tabular} Additional information (\$ in 000s): 1. 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 of 1.5. That is, total liabilities are 150% of total shareholders' equity. Retained earnings at the beginning of the year was $4,000. Net income for 2021 was $3,100, and $1,100 in cash dividends were declared and paid to shareholders. 2. The investments represent treasury bills purchased in December 2021 that mature in January 2022. These are considered cash equivalents. 3. Interest on both the notes and the bonds is payable annually. 4. The notes payable account contains one note that is due in annual installments of $1,000 for each payment due. 5. Deferred revenue will be recognized equally over the next 18 months. 6. The common stock represents 500,000 shares of no par stock authorized, of which 300,000 shares are issued and outstanding
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