Question

The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation. Credits Account Title Cash Short-term investments Accounts receivable Long-term investments Inventory Receivables from employees Prepaid expenses (for 2922) Land Building Equipment Patent (net) Franchise (net) Notes receivable Interest receivable Accumulated depreciation-building Accumulated depreciation equipment Accounts payable Dividends payable (payable on 1/16/2022) Interest payable Income Taxes payable Deferred revenue Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals Debits 69, eee 184, eee 125,000 36,000 216,00 41,800 17,eee 281,800 1,560,000 638,eee 153,600 41, eee 255, eee 13, 80e 621,800 211, eee 190,000 11, eee 17, eee 41,800 61, eee 382,800 9,800 2,884, eee 162, eee 3,629,800 3,629,800 Additional Information: 1. The common stock represents 1.1 million shares of no par stock authorized. 510.000 shares issued and outstanding. 2. The receivables from employees are due on June 30, 2022. 3. The notes receivable are due in installments of $51.000. payable on each September 30. Interest is payable annually. 4. Short-term investments consist of securities that the company plans to sell in 2022 and $51.000 in treasury bills purchased on December 15 of the current year that mature on February 15, 2022. Long-term investments consist of securities that the company does not plan to sell in the next year. 5. Deferred revenue represents payments from customer for extended service contracts. Seventy five percent of these contracts expire in 2022, the remainder in 2023. 6. Notes payable consists of two notes, one for $101,000 due on January 15, 2023, and another for $201.000 due on June 30, 2024. Required: Prepare a classified balance sheet for Vosburgh at December 31, 2021. (Amounts to be deducted should be Indicated by a minus sign.)

I HAVE ALL THE ANSWERS I JUST NEED THE FREAKING SHORT TERM INVETMEANTS BELOW CASH AND CASH EQUVIALNTS

Answer 1

Note : Please comment down for any further clarifications $ $ 120,000 133,000 184000-51000 Vosbourgh Electronics Corporation Balance Sheet At December 31, 2021 Assets Current assets Cash and Cash equivalents Short term investments Accounts Receivable $ 125,000 Allowance for uncollectible accounts $ (9,000 Net accounts receivable Receivable from employees Inventory Prepaid expenses Interest receivable Notes Receivable $ $ $ $ $ $ 116,000 41,000 216,000 17,000 13,000 51,000 $ 707,000 Total Current assets Investments : Long term investments Notes Receivable $ $ 36,000 204,000 $ 240,000 Total iNvestments Property plant and Equipment Land Buildings Equipment $ $ $ $ $ $ 281,000 1,560,000 638,000 2,479,000 (621,000) (211,000) $ 1,647,000 Less : Accumulated depreciation - buildings Less : Accumulated depreciation - equipment Net Property, plant and Equipment Intangible assets : Patent (net) Franchise (net) Total intangible asset Total Assets $ $ 153,000 41,000 $ $ 194,000 2,788,000 Liabilities and stockholders Equity Current liabilities : Accounts payable Dividends payable Interest Payable Income taxes payable Unearned Revenue Total Current Liabilities Long Term Liabilities Notes Payable Unearned Revenue Total Long Term Liabilities $ $ $ $ $ $ 190,000 11,000 17,000 41,000 45,750 304,750 $ $ 302,000 15,250 $ 317,250 Shareholder's Equity Common Stock Retained Earning Total Shareholder's equity $ 2,004,000 $ 162,000 $ 2,166,000 Total Liabilities and Shareholder's Fund $ 2,788,000