Matthew_McCoy_P5-2

Matthew_McCoy_P5-2 - Total current liabilities Long-term...

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Matthew McCoy P5-2 MONTOYA, INC. Balance Sheet December 31, 2010 Assets Current Assets Cash 360,000 Notes receivable 445,700 Income taxes receivable 97,630 Inventories 239,800 Prepaid expenses 87,920 Trading securities 121,000 Total current assets Property, plant, and equipment Land 480,000 Equipment 1,470,000 Less: Accumulated depreciation 292,000 1,178,000 Building 1,640,000 Less: Accumulated depreciation 270,200 1,369,800 Total property, plant, and equipment Intangible Assets Goodwill Total assets Liabilities and Stockholders' Equity Current Liabilities Payroll taxes payable 177,591 Notes payable to banks 265,000 Accounts payable 490,000 Rent payable 45,000 Taxes payable 98,362
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Unformatted text preview: Total current liabilities Long-term debt Bonds payable 300,000 Less: Discount on bonds payable 15,000 285,000 Unsecured notes payable 1,600,000 Long-term rental obligations 480,000 Total liabilities Stockholders' Equity Capital stock Preferred stock, $10 par 20,000 shares authorized, 15,000 shares issued 150,000 Common stock; $1 par 400,000 shares authorized, 200,000 shares issued 200,000 350,000 Retained earnings 713,897 Total stockholders' equity Total liabilities and stockholders' equity 1,352,050 3,027,800 125,000 4,504,850 1,075,953 2,365,000 3,440,953 1,063,897 4,504,850...
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Matthew_McCoy_P5-2 - Total current liabilities Long-term...

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