Use the balance sheet and additional data provided below to fill in the blanks (A -F) below. You must show your work
(numbers included in your calculation) in order to receive credit.
Finley, Inc.
Balance Sheet
As of July 31, 2023
Cash 123,000 Accounts Payable 63,000
Accounts Receivable 61,500 Unearned Revenue 17,000
Allowance for doubtful accounts 3,700 Notes Payable 125,000
Trading Securities 130,000 Bonds payable 200,000
Prepaid insurance 10,000 Common Stock 300,000
Property Plant and Equipment 662,000 Paid in Capital in excess of par value 164,000
Accumulated Depreciation 248,000 Retained Earnings 108,400
Equity Securities 200,000 Accumulated Other Comprehensive Income 32,400
Trademarks 60,000 Treasury Stock 15,000

Use the balance sheet above and the following additional information to answer questions A through F:
1. Cash includes $100,000 deposited in a bond sinking fund
2. Trading securities are stated at market value; their cost is $123,000
3. Management intends to hold the Equity Investments long-term
4. The note payable matures in 90 days, however, management has executed a contractual agreement to refinance and convert the debt to long-term.
5. The Bond Payable will be paid off in installments. $50,000 of the $200,000 bond is due to mature next year.

(A) Total Current Assets equal:
work:
(B ) Total Long-term Investments equal:
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(C) Total Property, Plant & Equipment equal:
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(D) Total Assets equals:
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(E) Total Current Liabilities equal:
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(F) Total Long-term Liaibilities equal:
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(G) Total Stockholders' Equity equal:
work:

Answer rating: 100% (QA)

A 123000615003700130000 290500 B 20000... View the full answer