Question: Need help preparing balance sheet for 2014. I have the balance sheet for 2013 and have already completed the trial balance sheet correctly. Can someone

Need help preparing balance sheet for 2014. I have the balance sheet for 2013 and have already completed the trial balance sheet correctly. Can someone help me with the balance sheet of 2014?

Need help preparing balance sheet for 2014. I have the balance sheet

for 2013 and have already completed the trial balance sheet correctly. Can

And here's the completed adjusted trial balance:

someone help me with the balance sheet of 2014? And here's the

completed adjusted trial balance: Here is the balance sheet for 2014: Current

Here is the balance sheet for 2014:

Current Assets
Cash
Notes Receivable
Accounts Receivable
Less: Allowance for Doubtful Accounts
Inventories
Prepaid Insurance
Prepaid Rent
Total Current Assets
Non-Current Assets
Long-term Investments
Investments in held-for-maturity securities
Land held for future development
Property, Plant, and Equipment
Land
Buildings
Less: Accumulated Depreciation
Intangible Assets
Capitalized Development Costs
Goodwill
Other Identifiable Intangible Assets
Total Non-Current Assets
Total Assets
Current Liabilities
Unearned Revenue
Property Tax Payable
Salary and Wages Payable
Interest Payable
Accounts Payable
Utilities Payable
Income Tax Payable
Total Current Liabilities
Non-Current Liabilities
Notes payable
Provisions Related to Pensions
Bonds Payable
Total Non-Current Liabilities
Total Liabilities
Stockholders' Equity
Common Stock
Preferred Stock
Paid-in-capital - Common Stock
Paid-in-capital - Preferred Stock
Retained Earnings
Accumulated Other Comprehensive Income
Less: Treasury Stock
Total Stockholders' Equity
Total Liabilities and Stockholders' Equity

CAPTAIN JET INC BALANCE SHEET DECEMBER 31, 2013 Current Assets Cash Notes Receivable Accounts Receivable Less: Allowance for Doubtful Accounts Inventories Prepaid Insurance Prepaid Rent 41,200 16,000 41,800 (3,000) 40,000 540 500 Total Current Assets 137,040 Non-Current Assets Long-term Investments Investments in held-for-maturity securities Land held for future development 51,000 45,500 Property, Plant, and Equipment Land Buildings Less: Accumulated Depreciation 85,000 675,000 (187,500) Intangible Assets Capitalized Development Costs Goodwill Other Identifiable Intangible Assets 8,000 76,000 48,000 801,000 938,040 Total Non-Current Assets Total Assets

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!