Calculate the price
of
your order:

275 words
+
Approximate price
$ 0.00

Accounting HW Due in 6-8hrs

I have 4 accounting hw questions related to balance sheets. Below is an example of the first question. I have unlimited amount of tries, so when the answers are sent to me I’ll make sure they are correct on my end. I need this done within the next 6-8hrs please and thank you!

The following is the ending balances of accounts at December 31, 2021, for the Weismuller Publishing Company.
 

Account TitleDebitsCreditsCash$89,000    Accounts receivable 184,000    Inventory 297,000    Prepaid expenses 172,000    Equipment 344,000    Accumulated depreciation   $122,000 Investments 164,000    Accounts payable    72,000 Interest payable    32,000 Deferred revenue    92,000 Income taxes payable    42,000 Notes payable    260,000 Allowance for uncollectible accounts    28,000 Common stock    412,000 Retained earnings    190,000 Totals$1,250,000 $1,250,000 

Additional information:

  1. Prepaid expenses include $144,000 paid on December 31, 2021, for a two-year lease on the building that houses both the administrative offices and the manufacturing facility.
  2. Investments include $42,000 in Treasury bills purchased on November 30, 2021. The bills mature on January 30, 2022. The remaining $122,000 is an investment in equity securities that the company intends to sell in the next year.
  3. Deferred revenue represents customer prepayments for magazine subscriptions. Subscriptions are for periods of one year or less.
  4. The notes payable account consists of the following:
  5. a $52,000 note due in six months.
  6. a $133,000 note due in six years.
  7. a $75,000 note due in three annual installments of $25,000 each, with the next installment due August 31, 2022.
  8. The common stock account represents 412,000 shares of no par value common stock issued and outstanding. The corporation has 824,000 shares authorized.

Required:
Prepare a classified balanced sheet for the Weismuller Publishing Company at December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.)

Basic features

  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support

On-demand options

  • Writer's samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading

Paper format

  • 275 words per page
  • 12pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, CHicago/Turabian, Havard)

Guaranteed originality

We guarantee 0% plagiarism! Our orders are custom made from scratch. Our team is dedicated to providing you academic papers with zero traces of plagiarism.

Affordable prices

We know how hard it is to pay the bills while being in college, which is why our rates are extremely affordable and within your budget. You will not find any other company that provides the same quality of work for such affordable prices.

Best experts

Our writer are the crème de la crème of the essay writing industry. They are highly qualified in their field of expertise and have extensive experience when it comes to research papers, term essays or any other academic assignment that you may be given!

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00

Expert paper writers are just a few clicks away

Place an order in 3 easy steps. Takes less than 5 mins.

error: Content is protected !!
Open chat
1
Reliance Papers Inc.
Get Help With All Your Homework Questions. Any Deadline, Affordable, Quality Work Guaranteed!!