Business, 27.10.2020 18:00, christopherandp66l91

At the end of 2015, Barth Company reported the following assets and liabilities: Cash, $2,200; Accounts Receivable, $4,600; Equipment, $2,250; Land, $12,500; and Accounts Payable, $1,875. Prepare a year-end balance sheet for Barth. (Hint: Report equity as a single total.)

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answered: camosloppy3150

Barth Company

Balance Sheet

As of December 31,

ASSETS

Current Assets:

Cash, $2,200

Accounts Receivable, 4,600 $6,800

Equipment, 2,250

Land, 12,500 $14,750

Total assets $21,550

LIABILITIES + EQUITY:

Accounts Payable, $1,875

Equity $19,675

Total liabilities + Equity $21,550

Explanation:

a) Data and Calculations:

Cash, $2,200

Accounts Receivable, 4,600

Equipment, 2,250

Land, 12,500

Total assets $21,550

Accounts Payable, $1,875

Equity 19,675

Total liabilities + Equity $21,550

b) Total Equity ($19,675) is the difference between the total Assets ($21,550) and the total Liabilities ($1,875). The equity figure includes the contributed equity capital and the retained earnings.

answered: Guest

contributions made after 1986. after-tax contributions to employer plans made after 1986 are recovered pro rata with taxable amounts. the remaining $80,000 is from pre-tax contributions, employer matching dollars, and earnings on those amounts.

answered: Guest

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At the end of 2015, Barth Company reported the following assets and liabilities: Cash, $2,200; Accou...