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lyytutoriaExpert
Asked: April 13, 2022In:
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1/The following partial balance sheet ($ in thousands) for Paisano Seafood Inc is shown below. Assets Liabilities and Equity Current assets: Current liabilities: Cash $ 75 Accounts payable $ 232 Accounts receivable (net) 186 Other liabilities 72 Notes receivable 57 Total current liabilities 304 Inventories 212 Long-term liabilities 103 Prepaid expenses 41 Total liabilities 407 Total current assets 571 Shareholders’ equity: Plant assets (net) 267 Capital stock 130 Retained earnings 301 Total shareholders’ equity 431 Total assets $ 838 Total ...

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lyytutoria
  • 28
lyytutoriaExpert
Asked: April 13, 2022In:
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Select the balance sheet category where the items given would typically appear. Items Balance Sheet Category 1. Prepaired expenses Current assets 2. Long-term marketable securities Long-term investents 3. Plant building Plant assets 4. Patents Intangible assets 5. Short-term notes payable Current liabilities 6. Long-term notes payable Long-term liabilities 7. Cash equivalent Current assets 8. Machinery Current ...

balancecategoryselect
lyytutoria
  • 23
lyytutoriaExpert
Asked: April 13, 2022In:
  • 23

The Sky Blue Corporation has the following adjusted trial balance at December 31. Debit Credit Cash $ 1,240 Accounts Recievable 2,100 Prepare Insurance 2,400 Notes Receivable(long-term) 3,100 Equipment 12,500 Accumulated Depreciation $ 2,800 Accounts Payable 5,520 Salaries and Wages Payable 1,050 Income Taxes Payable 3,000 Unearned Revenue 620 Common Stock 2,500 Retained Earnings 1,040 Dividends 310 Sales Revenue 42,930 Rent Revenue 310 Salaries and ...

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