Weismuller Publishing Company Balance Sheet

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Bank check my The following is the catastrophe balances of...

Check my The following is the catastrophe balances of accounts at December 31, 2021, for the Weismuller P 1 answer below »

Check my The following is the ending balances of accounts at December 31, 2021, for the Weismuller Publishing Company Account

WEISMULLER PUBLISHING COMPANY Balance Sheet At December 31, 2021 Assets Current assets Cash and cash equivalents Investment i

Equipment Accumulated depreciation Net property, plant, and equipment 0 Other assets: Prepaid expenses Total assets 0 Liabili

Check my The post-obit is the ending balances of accounts at Dec 31, 2021, for the Weismuller Publishing Company Account Title Debits $ Credits Greenbacks 67,000 162,00e 286,00e 150,eee 322,000 Accounts receivable Inventory Prepaid expenses Equipment Accumulated depreciation $ 111,000 Investments Accounts payable Interest pay able Deferred revenue 142,00e 61,000 21,000 81,000 Income taxes payable Notes payable Assart for uncollectible accounts 31,000 205,000 17,000 Common stock 401,e00 201,e00 Retained earnings Totals $ane,129,000 $1,129,eee Boosted information: 1. Prepaid expenses include $122,000 paid on December 31, 2021, for a two-year lease on the building that houses both the administrative offices and the manufacturing facility 2 Investments include $31,000 in Treasury bills purchased on November 30, 2021. The bills mature on Jan 30, 2022 The remaining $111,000 is an investment in disinterestedness securities that the company intends to sell in the next year 3. Deferred revenue represents client prepayments for magazine subscriptions. Subscriptions are for periods of one year or less. iv. The notes payable account consists of the following a a $41,000 note due in 6 months b a $101,000 note due in half-dozen years ca $63,000 annotation due in iii annual installments of $21,000 each, with the next installment due Baronial 31, 2022 5. The common stock account represents 401,000 shares of no par value common stock issued and outstanding. The corporation has 802.000 shares authorized Required: Set a classified balanced sheet for the Weismuller Publishing Company at December 31, 2021 (Amounts to be deducted should be indicated past a minus sign.) WEISMLLED PURLISHING COMPANY WEISMULLER PUBLISHING Company Balance Sheet At December 31, 2021 Assets Current assets Greenbacks and cash equivalents Investment in equity securities Accounts receivable Inventory 0 Net accounts receivable Prepaid expenses Total current assets Property, plant, and equipment Equipment Accumulated depreciation Net property. plant, and equipment Other assets Prepaid expenses 0 Full assets Liabilities and Shareholders' Equity Current liabilities Accounts payable Interest payable Deferred revenue Income taxes payable Notes payable Electric current maturities of long-term debt Total current labilities Prev Equipment Accumulated depreciation Net property, plant, and equipment 0 Other assets: Prepaid expenses Total avails 0 Liabilities and Shareholders' Equity Current liabilities Accounts payable Interest payable Deferred revenue Income taxes payable Notes payable Current maturities of long-term debt Total current liabilities 0 Long-term liabilities Notes payable 0 Full liabilities Shareholders equity Common stock Retained earnings 0 Total shareholders equity 0 Total liabilities and shareholders equity