Question

The information that follows relates to TZC & Associates' latest Balance Sheet (dated December 31, 2017). The figures are presented in Thousands of U.S. Dollars unless noted otherwise. Using the information presented below, prepare and present a properly formatted Balance Sheet. Present the Balance Sheet in any format you wish (T-account or report format) so long as it is professional looking and complete.

Accounts Payable	$16,670
Accumulated Depreciation/Amortization on PPE	27,250
Additional Paid-in-Capital	46,400
Allowance for Doubtful accounts	350
Cash	110,325
Common Stock (1.5 million shares out @ $1/share par)	1,500
Copyrights	22,000
Current portion of Long-term Debt	8,900
Deferred Tax Liability	2,000
Goodwill	65,450
Gross Accounts Receivable	8,760
Gross Plant, Property and Equipment (PPE)	350,000
Inventory	10,212
Investments	7,178
Land	175,000
Long-term Debt	318,400
Marketable Securities	5,176
Mortgage Payable	96,900
Preferred Stock	17,000
Prepaid Expenses	1,002
Retained Earnings	246,195
Treasury Stock	27,902
Warranty Liability	$1,440

Answer 1

Answer:

Assets Cash Marketable Securities Gross Accounts Receivable Less :Allowance for Doubtful accounts Net Accounts Receivable Inventory Prepaid Expenses $16,670 $8,900 $2,000 $1,440 TZC & Associates Balance Sheet As of Year Ended December 31, 2017 (Amounts in '000 USD) Liabilities $110,325 Accounts Payable $5,176 Current portion of Long-term Debt $8,760 Deferred Tax Liability ($350) Warranty Liability $8,410 $10,212 Mortgage Payable $1,002 Long-term Debt Total liabilities $7,178 $175,000 Stockholders' Equity $350,000 Preferred Stock ($27,250) Common Stock (1.5 million shares out @ $1/share par) $322,750 Additional Paid-in-Capital Retained Earnings $65,450 Treasury Stock $22,000 Total Stockholders' equity $96,900 $318,400 $444,310 Sto Investments Land Gross Plant, Property and Equipment (PPE) Less: Accumulated Depreciation/Amortization on PPE Net Plant, Property and Equipment (PPE) $17,000 $1,500 $46,400 $246,195 ($27,902) $283,193 Goodwill Copyrights Total Assets $727,503 Total Liabilities and Stockholders' Equity $727,503