Prepare a balance sheet for this company for 2020 and 2021. (Be sure to list the...
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Prepare a balance sheet for this company for 2020 and 2021. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.) Current assets Total assets TACO SWELL, INCORPORATED Balance Sheet as of December 31 2020 Current liabilities Assets Liabilities & Equity Total liabilities & owners' equity $ 2021 86,854 6,351 Use the following information for Taco Swell, Incorporated, (assume the tax rate is 22 percent): Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 2020 2021 $18,573 $17,136 1,801 4,679 1,016 865 6,277 8,180 1,310 1,876 4,847 894 996 6,886 9,847 1,287 20,740 24,986 51,196 54,693 4,608 5,064 14,521 15,428 1,650 1,758 Prepare a balance sheet for this company for 2020 and 2021. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.) Current assets Total assets TACO SWELL, INCORPORATED Balance Sheet as of December 31 2020 Current liabilities Assets Liabilities & Equity Total liabilities & owners' equity $ 2021 86,854 6,351 Use the following information for Taco Swell, Incorporated, (assume the tax rate is 22 percent): Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 2020 2021 $18,573 $17,136 1,801 4,679 1,016 865 6,277 8,180 1,310 1,876 4,847 894 996 6,886 9,847 1,287 20,740 24,986 51,196 54,693 4,608 5,064 14,521 15,428 1,650 1,758
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Related Book For
Intermediate Accounting
ISBN: 978-1260481952
10th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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