The following are AMI's audited balance sheets as of December 31, 2020 and December 31, 2021....
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The following are AMI's audited balance sheets as of December 31, 2020 and December 31, 2021. Assets Cash Accounts receivable Allowance for doubtful accounts Inventory AMI, Inc. Balance Sheet as of December 31, 2020 U.S. government bonds State and local bonds Investments in stock Building and other depreciable assets Accumulated depreciation Land Other assets Total assets Liabilities and Shareholders' Equity Accounts payable Other current liabilities Mortgage Other liabilities Capital stock Retained earnings 12/31/2020 12/31/2021 $ 240,000 $ 169,000 600,000 700,000 (35,000) 1,400,000 50,000 140,000 (40,000) 1,700,000 50,000 140,000 300,000 275,000 1,500,000 1,600,000 (200,000) (216,000) 900,000 900,000 250,000 270,000 $5.145.000 $5.548.000 $ 250,000 125,000 800,000 200,000 600,000 3,170,000 Total liabilities and shareholders' equity $5.145.000 $ 220,000 120,000 790,000 162,000 600,000 3.656,000 $5.548.000 The following are AMI's audited balance sheets as of December 31, 2020 and December 31, 2021. Assets Cash Accounts receivable Allowance for doubtful accounts Inventory AMI, Inc. Balance Sheet as of December 31, 2020 U.S. government bonds State and local bonds Investments in stock Building and other depreciable assets Accumulated depreciation Land Other assets Total assets Liabilities and Shareholders' Equity Accounts payable Other current liabilities Mortgage Other liabilities Capital stock Retained earnings 12/31/2020 12/31/2021 $ 240,000 $ 169,000 600,000 700,000 (35,000) 1,400,000 50,000 140,000 (40,000) 1,700,000 50,000 140,000 300,000 275,000 1,500,000 1,600,000 (200,000) (216,000) 900,000 900,000 250,000 270,000 $5.145.000 $5.548.000 $ 250,000 125,000 800,000 200,000 600,000 3,170,000 Total liabilities and shareholders' equity $5.145.000 $ 220,000 120,000 790,000 162,000 600,000 3.656,000 $5.548.000
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Related Book For
Advanced Financial Accounting
ISBN: 978-0078025624
10th edition
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
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