Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Scott butler corporation balance sheet

16/11/2020 Client: papadok01 Deadline: 3 days

Presented below is the trial balance of Scott Butler Corporation at December 31, 2014.


Instructions
Prepare a balance sheet at December 31, 2014, for Scott Butler Corporation. (Ignore incometaxes.)

Debit


Credit

Cash


$ 197,000


Sales


$ 8,100,000

Debt Investments (trading) (cost, $145,000)


153,000


Cost of Goods Sold


4,800,000


Debt Investments (long-term)


299,000


Equity Investments (long-term)


277,000


Notes Payable (short-term)


90,000

Accounts Payable


455,000

Selling Expenses


2,000,000


Investment Revenue


63,000

Land


260,000


Buildings


1,040,000


Dividends Payable


136,000

Accrued Liabilities


96,000

Accounts Receivable


435,000


Accumulated Depreciation-Buildings


152,000

Allowance for Doubtful Accounts


25,000

Administrative Expenses


900,000


Interest Expense


211,000


Inventory


597,000


Gain (extraordinary)


80,000

Notes Payable (long-term)


900,000

Equipment


600,000


Bonds Payable


1,000,000

Accumulated Depreciation-Equipment


60,000

Franchises


160,000


Common Stock ($5 par)


1,000,000

Treasury Stock


191,000


Patents


195,000


Retained Earnings


78,000

Paid-in Capital in Excess of Par


80,000

Totals
$12,315,000


$12,315,000

Prepare a balance sheet at December 31, 2014, for Scott Butler Corporation. (Ignore income taxes). (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment. Enter account name only and do not provide the descriptive information provided in the question.)

(Multiple Step and single-step) Webster Company ($000omited)

Administrate expense
Officers’ salaries 4900
Depreciated of office furniture and equipment 3960
Cost of sales good 60570
Rental revenue 17230
Selling expense
Transportation-out 2690
Sales Commissions 7980
Depreciation of sales equipment 6480
Sales 96500
Income Tax 9070
Interest Expense 1860

(Instructions)
a. Prepare an income statement for the year 2014 using the multiple-step form. Common shares out-standing for 2014 total 40,550($000 omitted).
b. Prepare an income statement for the year 2014 using the single step form
c. Which one do you prefer? Disuses.





(Preparation of a Statement of Cash Flows) Presented below is a condensed version of the comparative balance sheets for Zubin Mehta Corporation for the last two years at December 31.
2007 2006
Cash $177,000 $ 78,000
Accounts receivable 180,000 185,000
Investments 52,000 74,000
Equipment 298,000 240,000
Less: Accumulated depreciation (106,000) (89,000)
Current liabilities 134,000 151,000
Capital stock 160,000 160,000
Retained earnings 307,000 177,000
Additional information:
Investments were sold at a loss (not extraordinary) of $10,000; no equipment was sold; cash dividends paid were $30,000; and net income was $160,000.
Instructions
1. Prepare a statement of cash flows for 2007 for Zubin Mehta Corporation.
2. Determine Zubin Mehta Corporation's free cash flow.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Quality Homework Helper
Buy Coursework Help
Writer Writer Name Offer Chat
Quality Homework Helper

ONLINE

Quality Homework Helper

Hi dear, I am ready to do your homework in a reasonable price.

$62 Chat With Writer
Buy Coursework Help

ONLINE

Buy Coursework Help

Hi dear, I am ready to do your homework in a reasonable price.

$62 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Week 1 Discussion bio2071 microbiology lab - Clear the air quotes - Topic is Leadership or Army Leadership - Mini ice plant business - Informative speech on sleep - Luther leads the reformation - Advancement in science and technology essay - Emerging Technologies Paper - 7-eleven franchise application form - Week 1 discussion - Interpersonal communication in the workplace a largely unexplored region - Which of the following is not a characteristic of a well-designed service system? - Gym database management system project - Vcaa past exams psychology - Superior supermarkets case study - By the waters of babylon characters - Rms customer number business - Two peas in a pod simile or metaphor - Ethics in evidence based practice - Health insurance matrix hcs 235 - What causes antibiotic resistance ted ed - Assessing Clients With Addictive Disorders - Leeds beckett results online - Why kids should bring phones to school - Fat city how hard can this be - Hcr 20 powerpoint presentation - Incision and drainage foot cpt code - Target corporation distribution strategy - Psychcentral com personality test start php - What size is a6 - Delivering high-quality custom web development services - Essay - Appearance vs reality macbeth quotes - Metaphors in the outsiders - Business partnership proposal email - Quaker oats annual report 2018 - Which of the following results from the latest decision round are least important - 1 mg ml glucose solution - Branch circuit wiring diagram - Pronunciation of letters in spanish - In the upward sloping segment of the aggregate supply curve - 2 PAGE ESSAY ON LEADERSHIP - Walcot state choir bath - David i steinberg law group llc - A relation between momentum and kinetic energy - Internal and external respiration - Is macconkey agar chemically defined - How to write a business prospectus - Why does the international date line exist - Music assignment - SUBMIT BACK WITHIN NEXT 6 hours - Direct medicine courier pharmacy - Manor green primary academy - Similarities and differences between partnerships and sole proprietorships - Leonard suspends his friendship with sheldon - B31 1 acceptance criteria - Monash university council regulations - Salt of the sea book summary - Accounting information system definition - 495 week 7 - Www projectmanagementdocs com human resources - Healthcare Problem-Solving Using Analytics - An american childhood questions - Chemical machining process parameters - Clique pens the writing implements division of us homes - 0.48 repeating as a fraction - How to win friends and influence people questions - Difference quotient calculator with work - Heart diagram worksheet answers - First cousin twice removed - Interview - 1 3 cyclopentadiene diels alder - Julie zhuo the making of a manager pdf - Communication - Importance of global awareness in business - Use work ethic in a sentence - 2006 ap calculus ab free response - Pro forma statements in healthcare - Franchise Valuation - A beautiful mind movie discussion questions - Human Research Paper - Ikea case study operations management - How to install excel qm - Usa today vs wall street journal - Aim for a speech 3-5 minutes in length. - Outsourcing is a logical extension of david ricardo's 1817 - Dunkin donuts supervisor job description - Sophos remote wipe laptop - Det nsw net wifi - Sample cover letter for healthcare position - I heard a fly buzz when i died questions - The dreamery by casper nyc - Writing - Dr axe cottage cheese - How to cite hbr case study - Nix it company's ledger on july 31 - Csp bonded school leaver entry - Data science and Big data research paper - The demand curve for investment depicts - Beer and johnston mechanics of materials - 971 52 country code