Question: I need help constructing a balance sheet. Data given at the top equivalents. 3. Interest on both the notes and the bonds is payable annually.
I need help constructing a balance sheet. Data given at the top



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 $1,400 for each pa 5. Deferred revenue will be recognized equally over the next 18 months. 6. The common stock represents 500,000 shares of no par stock authorized, of which 300,000 shares Required: Prepare a complete, corrected, classified balance sheet. (Do not round your intermediate calculations. order of their liquidity. Amounts to be deducted should be indicated by a minus sign. Enter your answ Henderson Manufacturing Company Balance Sheet At December 31, 2021 ($ in 000s) Assets Current assets Cash and cash equivalents Accounts receivable (net) Inventory: Raw materials and work in process Finished goods Prepaid expenses Total current assets Property, plant, and equipment: Equipment Accumulated depreciation Net property, plant, and equipment Intangibles: Franchise (net) Total assets $ Liabilities and Shareholders' Equity Current liabilities: Accounts payable Intaract navahla MacBook Air 20 Q DIIAccumulated depreciation Net property, plant, and equipment Intangibles: Franchise (net) Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable Interest payable Current maturities of long-term debt Deferred revenue Total current liabilities Long-term liabilities: Deferred revenue Notes payable Bonds payable Total liabilities Shareholders' equity: Common stock Retained earnings Total shareholders' equity Total liabilities and shareholders' equity $ MacBook Air 80 Q G DII F2 F3 F4 F5 F6As controller for Henderson, you are attempting to reconstruct and revise the following balance sheet prepared by a st Henderson Manufacturing Company Balance Sheet At December 31, 2021 ($ in 000s) Assets Current assets : Cash $ 1, 850 Accounts receivable 4, 350 Allowance for uncollectible accounts (600) Finished goods inventory 6, 100 Prepaid expenses 4, 000 Total current assets 15 , 700 Long-term assets : Investments 3, 600 Raw materials and work in process inventory 4,500 Equipment 22 , 500 Accumulated depreciation-equipment (9, 600) Franchise ? Total assets $ ? Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 7, 800 Notes payable 14 , 000 Interest payable-note 300 Deferred revenue 2 , 400 Total current liabilities 24, 500 Long-term liabilities : Bonds payable 13, 000 Interest payable-bonds. 500 Shareholders' equity: Common stock $ ? Retained earnings ? Total liabilities and shareholders' equity Additional information ($ in OOOs): 1. Certain records that included the account balances for the franchise and shareholders' equity items were lost. Howeve complete, preliminary balance sheet prepared before the records were lost showed a debt to equity ratio of 1.6. That is liabilities are 160% of total shareholders' equity. Retained earnings at the beginning of the year was $3,800. Net income was $2,900, and $900 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 conside equivalents. 2 Interact on hoth the notoc and the hands ic navahle annually MacBook Air 20 U KK DIL DD F2 F3 F4 F5 F6 F7 F8 F9 @ % &
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