Question

Chapter 5 The Classified Balance Sheet Below is an alphabetical list of Sunshine Rodriguez Company accounts and balances on January 31, 2020. capital Stack Account Titles Accounts Payable Accounts Receivable Accumulated Depreciation, Buildings Accumulated Depreciation Equipment Accumulated Depreciatian, Machinery Allowance for Doubtful Accounts Bonds Payable (due in 5 years) Buildings Cash Common Stock ($2 par value) Discount on Bonds Payable Equipment Food Supplies FX Gain on Translation Land Land (held for future use) Long-Term Investments in Bonds Machinery Marketable Securities Mortgage Payable .: Notes Receivable (due in 3 months) Office Supplies Paid in-Capital in excess of Par, Common Paid in-Capital in excess of Par, Preferred Patents Preferred Stock ($26 par value) Prepaid Insurance Prepaid Subscriptions Retained Earnings Trademarks Treasury Stock (at Cost) Unearned Equipment Revenue Unrealized Loss on Available for Sale Securities Wages Payable Balances ELEMENTS CLI CLZ 49,400 liabilities Current 54,000 Assets Current 34,000 Assets Property, PE 10,000 Assets Property, DE 8,000 Assets Property, PE 6,000 Assets Current 165,600 tabiaties Current 170,000 Assets Property PE 234,000 Assets current 64,000 Equity 8.000 EAUTY Propertype 34,000 10,000 184,000 Assets Property 120,000 Assets 128,000 Liabilities 42,000 Assets 28,000 364,000 Liabilities 16,000 Assets current 44,000 Assets Current 54.000 F Evity t Fardin Capital Pardin Capital est 64.000 Favity 1 in Cap 36.000 Assets Current Int 104,000 tsuit Y 14,400 Assets 9,600 Assets 302,000 Suity 32,000 coify 24,000 vety 8,400 18,000 8,600 Liablı her Required: Prepare a Classified Balance Sheet for Sunshine Rodriguez Company.

Answer 1

Sunshine Rodriguez Company
Balance Sheet
Jan. 31, 2020 (all amounts in $)
Assets			Liabilities
current assets			current liabilities
cash		234000	accounts payable		49400
marketable securities		28000	bonds payable	165600
accounts receivable	54000		less:discount on bonds payable	-8000	157600
less:allowance for doubtful accounts	-6000	48000	unearned equipment revenue		8400
notes receivable		16000	wages payable		8600
office supplies		44000
food supplies		34000
prepaid insurance		14400
prepaid subscriptions		9600
total current assets		428000	total current liabilities		224000
non-current assets:			non-current liabilities:
long-term investment in bonds		128000	mortage payable		364000
property,plant and equipment			total liabilities		588000
buildings	170000		stockholders equity:
less:accumulated depreciation	-34000	136000	paid-in capital -
equipment	56000		preferred stock	104000
less:accumulated depreciation	-10000	46000	common stock	64000
machinery	42000		paid-in capital in excess of par, preferred	64000
less:accumulated depreciation	-8000	34000	paid-in capital in excess of par, common	54000
land		184000	total paid-in capital	286000
land held for sale		120000	retained earnings	302000
Intangibles:			accumulated other comprehensive income/(loss):
patents		36000	unrealized loss on available for sale securities	-18000
trademarks		32000	FX gain on translation	10000
			total accumulated other comprehensive income/(loss)	-8000
			subtotal	580000
			treasury stock	-24000
			total stockholders equity		556000
total assets		1144000	total liabilities and stockholders equity		1144000