question archive Assets 2017 2018 2018 Current assets Cash Accounts receivable Inventory Total Liabilities and Owners' Equity 2017 Current liabilities Accounts payable $ 41,060 Notes payable 16, 157 $ 43,805 16,843 $ 9,279 23,683 42,636 $ 75,598 $ 11, 173 25,760 46,915 $ 83, 848 $ 57,217 $ 40,000 $ 60,648 $ 35,000 Fixed assets Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity Net plant and equipment Total assets $272,047 $347,645 $297,967 $381,815 $ 50,000 200,428 $250,428 $347,645 $ 50,000 236, 167 $286, 167 $381,815 Prepare the 2017 common-base year statement of financial position for Birtle
Assets 2017 2018 2018 Current assets Cash Accounts receivable Inventory Total Liabilities and Owners' Equity 2017 Current liabilities Accounts payable $ 41,060 Notes payable 16, 157 $ 43,805 16,843 $ 9,279 23,683 42,636 $ 75,598 $ 11, 173 25,760 46,915 $ 83, 848 $ 57,217 $ 40,000 $ 60,648 $ 35,000 Fixed assets Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity Net plant and equipment Total assets $272,047 $347,645 $297,967 $381,815 $ 50,000 200,428 $250,428 $347,645 $ 50,000 236, 167 $286, 167 $381,815 Prepare the 2017 common-base year statement of financial position for Birtle
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Assets 2017 2018 2018 Current assets Cash Accounts receivable Inventory Total Liabilities and Owners' Equity 2017 Current liabilities Accounts payable $ 41,060 Notes payable 16, 157 $ 43,805 16,843 $ 9,279 23,683 42,636 $ 75,598 $ 11, 173 25,760 46,915 $ 83, 848 $ 57,217 $ 40,000 $ 60,648 $ 35,000 Fixed assets Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity Net plant and equipment Total assets $272,047 $347,645 $297,967 $381,815 $ 50,000 200,428 $250,428 $347,645 $ 50,000 236, 167 $286, 167 $381,815 Prepare the 2017 common-base year statement of financial position for Birtle. (Round the final answers to 3 decimal places.) 2017 2018 Assets Current assets Cash Accounts receivable Inventory Total $ 9,279 23,683 42,636 $ 75,598 $ 11,173 25,760 46,915 $ 83, 848 $272,047 $347,645 $297,967 $381,815 Fixed assets Net plant and equipment Total assets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ 41,060 16, 157 $ 57,217 $ 40,000 $ 43,805 16,843 $ 60,648 $ 35,000 $ 50,000 200,428 $ 250,428 $347,645 $ 50,000 236, 167 $286, 167 $381, 815 11.
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| 2017 Common Base Year Statement of Financial Position | |||
| 2017 | 2,018 | Common Base Year | |
| Assets | |||
| Current Assets | |||
| Cash | 9,279 | 11,173 | 1.204 |
| Account Receivable | 23,683 | 25,760 | 1.088 |
| Inventories | 42,636 | 46,915 | 1.100 |
| Total current assets | 75,598 | 83,848 | 1.109 |
| Fixed Assets | |||
| Net plant and equiPments | 2,72,047 | 2,97,967 | 1.095 |
| Total Assets | 3,47,645 | 3,81,815 | 1.098 |
| Liabilities and Owner's Equity | |||
| Current Liabilities | |||
| Account Payable | 41,060 | 43,805 | 1.067 |
| Note Payable | 16,157 | 16,843 | 1.042 |
| Total Current Liabilities | 57,217 | 60,648 | 1.060 |
| Long term Debt | 40,000 | 35,000 | 0.875 |
| Owner's equity | |||
| Common Stock | 50,000 | 50,000 | 1.000 |
| Accumulated retained earnings | 2,00,428 | 2,36,167 | 1.178 |
| Total | 2,50,428 | 2,86,167 | 1.143 |
| Total Liabilities & owner's equity | 3,47,645 | 3,81,815 | 1.098 |
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