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

Case Study Amazon - British international school new york - Well child comprehensive soap note - Nuaire xboxer installation manual - Financial reporting problem apple inc excel - Paper - Need Research paper in APA format of 600 words with citations and references. Will need at least three journal references and the textbook - Mitsubishi heavy industries air conditioning manual - Él me da las flores ________. a mí a ti a ellos a nosotros - Nurse purpose - Clock Divider and Sequencer - The big mac index 2014 - 4.2 Reading Reflection Discussion - Iff mode 4 codes - Carteret county public library - What are the four components of the nqf - College assesment quiz - Blood test sunshine coast - Assist with my economics assignment - Is hypoxi a gimmick - Suvat equations of motion - Fiji eating disorder study - 6 traits of writing examples - Maine state lottery tickets - Brain train review center - What are some of the nutritional challenges for emerging populations - Components of fitness coordination - Intake manifold runner control circuit - Y 2x 4 in point slope form - Edu 555 week 5 discussion - N anticipation of the upcoming quarterly disclosure of profits - Ramayana book one boyhood valmiki - 74.85 kg in stone - 4.3 3 connect network devices - Cat - Australian human rights commission 2013 - Titian sacred and profane love analysis - Example of charging by contact - Andrew zenoff - Final scene billy elliot analysis - Lycoming o 360 a4k overhaul cost - Browns hotel london chef - Abortion - Manufacturing systems class Topic ( safety in manufacturing) - BUSINESS LAW, ETHICS, AND SOCIAL RES - Module 6 project economics - Ethics in information technology ppt - Reading Reflection: CABP - Greek mythology poster ideas - Three bird nest etsy shop - Essay - Cruzan v director missouri department of health - Who is the boy in waiting for godot - The oceans cover approximately ________ percent of earth's surface - Sunpower e20 327 e ac - Course Project Milestone on abortion - Bob dylan the times they are a changin meaning - Marxist literary criticism ppt - Australian journal of basic and applied sciences - Features of the ocean floor worksheet answers - 172 dawkins road lewiston - Cisco nexus netflow support - I need 1 page on website - Examples of project plan - Different classes of levers - Who can do this assignment with an infographic not a power point and schoalry resources. Inculding following the rubric and my instructions? - Wanbli charging eagle los angeles - Cy-p-11 - Jazz moves from new orleans to chicago worksheet answers - Toby's trucking company determined that the distance traveled - Sample student case brief - Wedding plan gantt chart ms project - Vehicular communications - Studiers of language clue - Supplementary services hold strategic value for a firm because they: - RESEARCH AND ADVOCACY - Romik developments pty ltd - Physical security failed - The chrysalids chapter 10 summary - Applied communicable disease control - Masters and johnson researched the aspects of human sexuality - Italian ruscus botanical name - Hexapod in a sentence - Research Paper - Organizational behavior a practical problem solving approach 1e - Afl solicitors tony nikolic letter - Describe the zones of the open ocean - Decision Criteria - Signs and symbols of baptism catholic church - Nursing History - Www coca cola com application - Ferns and mosses reproduce through - Reciprocal reflexive verbs spanish - Bachelor of bioscience latrobe - Media - AAC Assessments Part 1 and 2: Assessment Summary - 4 ASS Kim Woods Only - Isaac rosenberg poem dead man's dump - Warsaw university of technology courses - Organizational culture survey tool for ebp