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Catherine Manufacturing Balance Sheet As of December 31, 2015 Assets Current Assets

Catherine Manufacturing's balance sheet for the year ending December 31, 2015 shows total current assets of $3,580,000 including cash of $2,000,000, accounts receivable of $280,000, inventories of $900,000, and other current assets. Total assets are $4,680,000 including property and equipment of $1,100,000. Total liabilities are $1,000,000 comprising current liabilities of $400,000 and long-term debt of $600,000. Owner's equity is $3,680,000.

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354 views

Catherine Manufacturing Balance Sheet As of December 31, 2015 Assets Current Assets

Catherine Manufacturing's balance sheet for the year ending December 31, 2015 shows total current assets of $3,580,000 including cash of $2,000,000, accounts receivable of $280,000, inventories of $900,000, and other current assets. Total assets are $4,680,000 including property and equipment of $1,100,000. Total liabilities are $1,000,000 comprising current liabilities of $400,000 and long-term debt of $600,000. Owner's equity is $3,680,000.

Uploaded by

Nica Cabradilla
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Below are the accounts of Catherine Manufacturing for the year ended Dec 31, 2015

ACCOUNTS PAYABLE - 200,000 Catherine Manu


ACCOUNTS RECEIVABLE - 280,000 Balance Sh
CAPITAL - 3,680,000 As of December
CASH - 2,000,000 Assets
INVENTORIES - 900,000 Current Assets
LONG-TERM DEBT - 600,000 Cash
NOTES PAYABLE - 200,000 Accounts Receivables
NOTES RECEIVABLE - 200,000 Notes Receivables
PROPERTY AND EQUIPMENT - 1,100,000 Inventories
SUPPLIES AND OTHER PRE-PAYMENTS - 200,000 Supplies and Other Pre-payments
Total Current Assets
Non-Current Assets
Property and Equipment
TOTAL ASSETS
QUESTIONS:
1.3,580,000
2, 1,100,000
3. 400,000
4. 600,000
5. 4,680,000
6. 8.95
Catherine Manufacturing
Balance Sheet
As of December 31, 2015
Liabilities
Current Liabilities
2,000,000.00 Notes Payable 200,000.00
280,000.00 Accounts Payable 200,000.00
200,000.00 Tota CL 400,000.00
900,000.00 Non-Current Liabilities
200,000.00 Long Term Debt 600,000.00
3,580,000.00 TOTAL LIABILITIES 1,000,000.00

1,100,000.00 Owner's Equity 3,680,000.00


4,680,000.00 Total Liabilities and OE 4,680,000.00

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