Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd
Upload
26 views

Mids Excel Work

The BBC Company's balance sheet as of December 31, 2011 showed total assets of $108,500 including current assets of $21,300 and fixed assets of $87,200, with total liabilities of $9,350 and stockholders' equity including common stock, additional paid-in capital, and retained earnings totaling $108,500. The company's income statement for the year ended December 31, 2011 showed sales of $38,000, operating expenses including depreciation of $37,800, and operating income of $200.

Uploaded by

Muhammad Ehtisham
Copyright
© © All Rights Reserved
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
26 views

Mids Excel Work

The BBC Company's balance sheet as of December 31, 2011 showed total assets of $108,500 including current assets of $21,300 and fixed assets of $87,200, with total liabilities of $9,350 and stockholders' equity including common stock, additional paid-in capital, and retained earnings totaling $108,500. The company's income statement for the year ended December 31, 2011 showed sales of $38,000, operating expenses including depreciation of $37,800, and operating income of $200.

Uploaded by

Muhammad Ehtisham
Copyright
© © All Rights Reserved
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
You are on page 1/ 2

BBC COMPANY

BALANCE SHEET
DECEMBER 31, 2011 and 2010
December 31,
2,011 2,010
Assets Amount in $
Cash 4,500 4,000
Marketable Securities 2,500 2,000
Account receiveables 6,800 7,200
Inventories 7,500 8,000
Total Current Assets 21,300 21,200
Land 11,000 12,000
equipment 24,000 20,500
Accumulated Depreciasion-Equipment (3,800) (3,000)
Building 70,000 70,000
Accumulated Depreciasion-Building (14,000) (12,000)
Total Fixed Assets 87,200 87,500
Total Assets 108,500 108,700
Liabilities and Stockholders' Equity
Account Payables 7,800 7,000
Wages Payables 1,050 1,000
Tax Payables 500 1,500
Total Current Liabilities 9,350 9,500
Bonds Payables 30,000 30,000
Common Stock, $10 par 32,000 30,000
Additional paid-in Capital 21,000 19,200
Retained Earnings 16,150 20,000
Total Liabilities and Stockholder's Equity 108,500 108,700
BBB Company
Income Statemnt
For Year Ended December 31, 2011
Amount in $
Sales 38,000
Less Operating Expenses:
Depreciasion Expense (2,800)
Other Operating Expenses (35,000)
Total Operating Expenses (37,800)
Operating Income 200

You might also like