Prepare balance sheet for transportation corporation

Assignment Help Financial Accounting

Reference no: EM131205167

The following lists of accounts was provided by Churyk Transportation, which has an April 30 fiscal year–end. Using these accounts, prepare a balance sheet for Churyk Transportation Corporation for fiscal 2010.

Accounts Payable $15,600

Accounts Receivable $25,650

Accumulated Depreciation, Equipment $57,450

Accumulated Depreciation, Buildings $66,800 Accumulated Depreciation, Trucks $780,050

Allowance for Uncollectible Accounts $4,700

Equipment $140,500

Buildings $137,500

Cash $39,650

Common Stock $250,000

Installment Note Payable, Long-Term $342,700

Interest Payable $17,150

Investment in BR, Inc., Common Stock $17,500

Land $57,850

Mortgage Payable $44,150

Trade Notes Payable $58,500

Payroll Taxes Payable $7,450

Prepaid Insurance $18,250

Retained Earnings $241,300

Salaries and Wages Payable $13,400

Supplies $8,900

Temporary Investments (trading securities) $60,750

Trucks $1,392,700

Reference no: EM131205167

Questions Cloud

Benefits of computerize physicians order entry : What are the benefits of Computerize Physicians Order Entry?

Derive the contract curve as an implicit function of : Derive the contract curve as an implicit function of .What condition on the coefficients and ß will ensure that the contract curve isa straight line?

Outline a fraud prevention plan for a retail organization : Outline a fraud prevention plan for a retail organization to reduce the likelihood of error and fraud. In your plan, identify two (2) types of potential errors that could occur and two (2) types of fraud that could occur. Explain how your plan can pr..

Integral component of the organization strategy : A vision is intended to provide direction to an organization. However, some organizations create vision statements but do not work to ensure that the vision statement is an integral component of the organization's strategy. Explain how an organiza..

Prepare balance sheet for transportation corporation : The following lists of accounts was provided by Churyk Transportation, which has an April 30 fiscal year–end. Using these accounts, prepare a balance sheet for Churyk Transportation Corporation for fiscal 2010.

Write a two to three pages paper on monotheism : Write a 2-3 pages paper on "monotheism". What factors enabled prehistoric and ancient peoples to survive and to form organized societies? How did these ancient civilizations organize themselves?

Draw a rough sketch of the flows of imports and exports : Draw a rough sketch of the flows of imports, exports, and the payments for each on your diagram.

Have the courts and corrections been adequate in prosecution : Have the courts and corrections been adequate in the prosecution and punishment of persons accused and/or convicted of these crimes? Do you feel that legislation needs to be changed to influence either the capture or punishment of suspects accused..

Appropriate nominal interest rate : What's the future value of $2,500 after 10 years if the appropriate nominal interest rate is 8.75%, compounded quarterly?

User Account

All Pages