question archive The following items are taken from the financial statements of BCT Company for 2013:Cash$138,800Accounts Payable75,000Supplies15,000Accounts Receivable35,000Inventory45,000Salaries Payable30,000Unearned Revenue45,000Property, plant, and equipment, net318,000Intangible assets260,000Common Stock100,000Additional Paid-in Capital400,000Retained Earnings, 12/31/201221,000Long-term debt90,000Service revenue746,000Cost of Goods Sold639,200Rent expense30,000Supplies expense5,000Insurance expense21,000Instructions:(1) Create a classified balance sheet in good form for the year ended 2013
The following items are taken from the financial statements of BCT Company for 2013:Cash$138,800Accounts Payable75,000Supplies15,000Accounts Receivable35,000Inventory45,000Salaries Payable30,000Unearned Revenue45,000Property, plant, and equipment, net318,000Intangible assets260,000Common Stock100,000Additional Paid-in Capital400,000Retained Earnings, 12/31/201221,000Long-term debt90,000Service revenue746,000Cost of Goods Sold639,200Rent expense30,000Supplies expense5,000Insurance expense21,000Instructions:(1) Create a classified balance sheet in good form for the year ended 2013
Subject:AccountingPrice: Bought3
The following items are taken from the financial statements of BCT Company for 2013:Cash$138,800Accounts Payable75,000Supplies15,000Accounts Receivable35,000Inventory45,000Salaries Payable30,000Unearned Revenue45,000Property, plant, and equipment, net318,000Intangible assets260,000Common Stock100,000Additional Paid-in Capital400,000Retained Earnings, 12/31/201221,000Long-term debt90,000Service revenue746,000Cost of Goods Sold639,200Rent expense30,000Supplies expense5,000Insurance expense21,000Instructions:(1) Create a classified balance sheet in good form for the year ended 2013. (30 points)(2) Calculate the current ratio and debt ratio and explain your findings.
