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The following financial statements and additional information are reported. 2018 IKIBAN INC. Comparative Balance Sheets June...
The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets Ju...
The following financial statements and additional information
are reported.
IKIBAN INC.
Comparative Balance Sheets
June 30, 2019 and 2018
2019
2018
Assets
Cash
$
77,900
$
60,000
Accounts receivable, net
89,000
67,000
Inventory
79,800
110,500
Prepaid expenses
6,000
8,600
Total current assets
252,700
246,100
Equipment
140,000
131,000
Accum. depreciation—Equipment
(35,000
)
(17,000
)
Total assets
$
357,700
$
360,100
Liabilities and Equity
Accounts payable
$
41,000
$
54,000
Wages payable
7,600
18,200
Income taxes payable
5,000
7,000
Total current liabilities...
The following financial statements and additional information are reported. 2018 IKIBAN INC. Comparative Balance Sheets June...
The following financial statements and additional information are reported. 2018 IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 Assets Cash $ 84,500 Accounts receivable, net 72,500 Inventory 68,800 Prepaid expenses 4,900 Total current assets 230, 700 Equipment 129,000 Accum. depreciation-Equipment (29,500) Total assets $330, 200 Liabilities and Equity Accounts payable $ 30,000 Wages payable 6,500 Income taxes payable 3,900 Total current liabilities 40, 400 Notes payable (long term) 31,000 Total liabilities 71,400 Equity Common stock, $5 par...
The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30,...
The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 Assets Cash $ 102,100 $ 53,000 Accounts receivable, net 78,500 60,000 Inventory 72,800 100,000 Prepaid expenses 5,300 7,200 Total current assets 258,700 220,200 Equipment 133,000 124,000 Accum. depreciation—Equipment (31,500 ) (13,500 ) Total assets $ 360,200 $ 330,700 Liabilities and Equity Accounts payable $ 34,000 $ 43,500 Wages payable 6,900 16,800 Income taxes payable 4,300 5,600 Total current liabilities...
The following financial statements and additional Information are reported. 2018 IKIBAN INC. Comparative Balance Sheets June...
The following financial statements and additional Information are reported. 2018 IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 Assets Cash $ 79,700 Accounts receivable, net 84,500 Inventory 76,800 Prepaid expenses 5,700 Total current assets 246,700 Equipment 137,000 Accum. depreciation-Equipment (33,500) Total assets $350,200 Liabilities and Equity Accounts payable $ 38,000 Wages payable 7,300 Income taxes payable 4,700 Total current liabilities 50,000 Notes payable (long term) 32,600 Total liabilities 82,600 Equity Common stock, $5 par value 246,000 Retained...
The following financial statements and additional information are reported. 2018 IKIBAN INC. Comparative Balance Sheets June...
The following financial statements and additional information are reported. 2018 IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2010 Assets Cash $ 82,700 Accounts receivable, net 77,000 Inventory 71, 808 Prepaid expenses 5,200 Total current assets 236,700 Equipment 132,000 Accum. depreciation Equipment (31,000) Total assets $337, 700 Liabilities and Equity Accounts payable $ 33,000 Wages payable 6, 800 Income taxes payable 4,200 Total current liabilities 44,000 Notes payable (long term) 31,600 Total liabilities 75,688 Equity Common stock, $5...
The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30,...
The following financial statements and additional information
are reported.
IKIBAN INC.
Comparative Balance Sheets
June 30, 2019 and 2018
2019
2018
Assets
Cash
$
74,900
$
65,000
Accounts receivable, net
96,500
72,000
Inventory
84,800
118,000
Prepaid expenses
6,500
9,600
Total current assets
262,700
264,600
Equipment
145,000
136,000
Accum. depreciation—Equipment
(37,500
)
(19,500
)
Total assets
$
370,200
$
381,100
Liabilities and Equity
Accounts payable
$
46,000
$
61,500
Wages payable
8,100
19,200
Income taxes payable
5,500
8,000
Total current liabilities...
The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30,...
The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 $ 75,500 95,000 83,800 6,400 260,700 144,000 (37,000) $367,700 $ 64,000 71,000 116,500 9,400 260,900 135,000 (19,000) $376,900 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities Equity Common stock, $5 par value...
The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30,...
The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 $106,300 68,000 65,800 4,600 244,700 126,000 (28,000) $342,700 $ 46,000 53,000 89,500 5,800 194,300 117,000 (10,000) $301,300 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities Equity Common stock, $5 par value Retained...
The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30,...
The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 $ 106,300 68,000 65,800 4,600 244,700 126,000 (28,000) $342,700 $ 46,000 53,000 89,500 5,800 194,300 117,000 (10,000) $301,300 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities Equity Common stock, $5 par value...
The following financial statements and additional information are reported IKIBAN INC. Comparative Balance Sheets June 30,...
The following financial statements and additional information are reported IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 $ 73,700 99,500 86,800 6,700 266, 700 147.000 (38,500) $375,200 $ 67,000 74,000 121,000 10,000 272,000 138,000 (20.500) $389,500 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities Equity Common stock, $5 par...
The following financial statements and additional information
are reported.
IKIBAN INC.
Comparative Balance Sheets
June 30, 2019 and 2018
2019
2018
Assets
Cash
$
77,900
$
60,000
Accounts receivable, net
89,000
67,000
Inventory
79,800
110,500
Prepaid expenses
6,000
8,600
Total current assets
252,700
246,100
Equipment
140,000
131,000
Accum. depreciation—Equipment
(35,000
)
(17,000
)
Total assets
$
357,700
$
360,100
Liabilities and Equity
Accounts payable
$
41,000
$
54,000
Wages payable
7,600
18,200
Income taxes payable
5,000
7,000
Total current liabilities...
The following financial statements and additional information are reported. 2018 IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 Assets Cash $ 84,500 Accounts receivable, net 72,500 Inventory 68,800 Prepaid expenses 4,900 Total current assets 230, 700 Equipment 129,000 Accum. depreciation-Equipment (29,500) Total assets $330, 200 Liabilities and Equity Accounts payable $ 30,000 Wages payable 6,500 Income taxes payable 3,900 Total current liabilities 40, 400 Notes payable (long term) 31,000 Total liabilities 71,400 Equity Common stock, $5 par...
The following financial statements and additional Information are reported. 2018 IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 Assets Cash $ 79,700 Accounts receivable, net 84,500 Inventory 76,800 Prepaid expenses 5,700 Total current assets 246,700 Equipment 137,000 Accum. depreciation-Equipment (33,500) Total assets $350,200 Liabilities and Equity Accounts payable $ 38,000 Wages payable 7,300 Income taxes payable 4,700 Total current liabilities 50,000 Notes payable (long term) 32,600 Total liabilities 82,600 Equity Common stock, $5 par value 246,000 Retained...
The following financial statements and additional information are reported. 2018 IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2010 Assets Cash $ 82,700 Accounts receivable, net 77,000 Inventory 71, 808 Prepaid expenses 5,200 Total current assets 236,700 Equipment 132,000 Accum. depreciation Equipment (31,000) Total assets $337, 700 Liabilities and Equity Accounts payable $ 33,000 Wages payable 6, 800 Income taxes payable 4,200 Total current liabilities 44,000 Notes payable (long term) 31,600 Total liabilities 75,688 Equity Common stock, $5...
The following financial statements and additional information
are reported.
IKIBAN INC.
Comparative Balance Sheets
June 30, 2019 and 2018
2019
2018
Assets
Cash
$
74,900
$
65,000
Accounts receivable, net
96,500
72,000
Inventory
84,800
118,000
Prepaid expenses
6,500
9,600
Total current assets
262,700
264,600
Equipment
145,000
136,000
Accum. depreciation—Equipment
(37,500
)
(19,500
)
Total assets
$
370,200
$
381,100
Liabilities and Equity
Accounts payable
$
46,000
$
61,500
Wages payable
8,100
19,200
Income taxes payable
5,500
8,000
Total current liabilities...
The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 $ 75,500 95,000 83,800 6,400 260,700 144,000 (37,000) $367,700 $ 64,000 71,000 116,500 9,400 260,900 135,000 (19,000) $376,900 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities Equity Common stock, $5 par value...
The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 $106,300 68,000 65,800 4,600 244,700 126,000 (28,000) $342,700 $ 46,000 53,000 89,500 5,800 194,300 117,000 (10,000) $301,300 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities Equity Common stock, $5 par value Retained...
The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 $ 106,300 68,000 65,800 4,600 244,700 126,000 (28,000) $342,700 $ 46,000 53,000 89,500 5,800 194,300 117,000 (10,000) $301,300 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities Equity Common stock, $5 par value...
The following financial statements and additional information are reported IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 $ 73,700 99,500 86,800 6,700 266, 700 147.000 (38,500) $375,200 $ 67,000 74,000 121,000 10,000 272,000 138,000 (20.500) $389,500 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities Equity Common stock, $5 par...
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