Business, 23.04.2021 20:40 browneyedbaby20

Presented below are a number of balance sheet items for Shamrock, Inc. for the current year, 2020. Goodwill $126,300
Accumulated Depreciation-Equipment $292,150
Payroll Taxes Payable 178,891
Inventory 241,100
Bonds payable 301,300
Rent payable (short-term) 46,300
Discount on bonds payable 15,150
Income taxes payable 99,662
Cash 361,300
Rent payable (long-term) 481,300
Land 481,300
Common stock, $1 par value 201,300
Notes receivable 447,000
Preferred stock, $10 par value 151,300
Notes payable (to banks) 266,300
Prepaid expenses 89,220
Accounts payable 491,300
Equipment 1,471,300

Required:
Prepare a balance sheet in good form. Common stock authorized was 400,000 shares, and preferred stock authorized was 20,000 shares. Assume that notes receivable and notes payable are short-term, unless stated otherwise. Cost and fair value of equity investments (trading) are the same.

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Presented below are a number of balance sheet items for Shamrock, Inc. for the current year, 2020....

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