Construct Tri-Mark Incorporated’s 2011 year-end Balance Sheet using the asset, l
ID: 2596889 • Letter: C
Question
Construct Tri-Mark Incorporated’s 2011 year-end Balance Sheet using the asset, liability, and equity accounts listed below: Retained Earnings $60,500,000 Accounts Payable $57,000,000 2 Accounts Receivable $43,000,000 Common Stock $189,676,000 Cash $6,336,000 Short Term Debt $1,500,000 Inventory $42,000,000 Goodwill $30,000,000 Long Term Debt $74,000,000 Other Non-Current Liabilities $15,000,000 PP&E $225,000,000 Other Non-Current Assets $14,000,000 Long-Term Investments $25,340,000 Other Current Assets $12,000,000
Explanation / Answer
Balance Sheet
Particualrs Amount Current Asset Accounts Receivable 43000000 Cash 6336000 Inventory 42000000 Other Current Assets 12000000 Total Current Assets 10336000 Non Current Assets PP&E 225000000 Goodwill 30000000 Other Non-Current Assets 14000000 Long-Term Investments 25340000 Total Assets 397676000 Liabilities & Stockholders' Equity Liabilities Current Liabilities Accounts Payable 57000000 Short Term Debt 1500000 Total Current Liabilities 58500000 Long Term Debt 74000000 Other Non-Current Liabilities 15000000 Total Liabilities 147500000 Owner's Equity Common Stock 189676000 Retained Earnings 60500000 Total Owner's Equity 250176000 Total Liabilities & Owner's Equity 397676000