Perfect Oriole Company Balance Sheet Financial Statement Format

ORIOLE COMPANY Trial Balance August 312020 After Before Adjustment Adjustment Cr. What amount of goodwill should Egbert record as a result of this purchase. ORIOLE COMPANY Trial Balance August 312020 After Before Adjustment Adjustment Cr. Round answers to 1 decimal place eg. CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXTH Briel Exercise 10-11 The balance sheet for Oriole Company reports the following information on July 1 2017 ORIOLE COMPANY Balance Sheet partial Long-term liabilities Bonds payable 2500000 Less. Cash 9592 9592 8272 Accounts Receivable 7744 2200 Supplies 440 2200 Prepaid Insurance 3520 14080 Equipment 14080 Accumulated Depreciation-Equipment 3168 4224 Accounts Payable Salaries and Wages Payable. By reporting the land in this manner Oriole Co. It is inolved in Business activities nec. 1000000 and its paid up capital is Rs. ORIOLE COMPANY W N Worksheet For the Month Ended April 30 2020 Adjusted Trial Balance Balance Sheet Income Statement UT Account Title Debit Credit Debit Credit Debit Credit 6 Cash 11100 11100 Accounts receivable 7800 7800 8 Prepaid Rent 2100 2100 9 Equipment 23000 23000 Accumulated 10 Depreciation-Equipment 5300 5300 11 Accounts Payable 5100 5100 12 Interest Payable 50 50 13.

ORIOLE COMPANY W N Worksheet For the Month Ended April 30 2020 Adjusted Trial Balance Balance Sheet Income Statement UT Account Title Debit Credit Debit Credit Debit Credit 6 Cash 11100 11100 Accounts receivable 7800 7800 8 Prepaid Rent 2100 2100 9 Equipment 23000 23000 Accumulated 10 Depreciation-Equipment 5300 5300 11 Accounts Payable 5100 5100 12 Interest Payable 50 50 13. The bonds pay semiannual interest on June 30 and December 31. It is classified as Non-govt company and is registered at Registrar of Companies Kanpur. Oriole Companys 123121 balance sheet reports assets of 11550000 and liabilities of 4910000. Oriole Company Balance Sheet December 31 2021 Cash 13680 Accounts Payable 8900 Accounts Receivable 21100 Common Stock 21800 Allowance For Doubtful Accounts 740 Retained Earnings 13330 Inventory 9990 44030 44030 During January 2022 The Following Transactions Occurred. Prepare the current assets section of the balance sheet listing the items in the proper sequence. Accounts receivable 948000 Less. All of Orioles assets book values approximate their fair value except for land which has a fair value that is 710000 greater than its book value. A list of financial statement items for Oriole Company includes the following. 14062021 074605 Cookie Policy 44 0 203 8794 460 Free Membership Login.

On 123121 Egbert Corporation paid 11744000 to acquire Oriole. The assumption that the unit of measure remains sufficiently constant over time is. By reporting the land in this manner Oriole Co. Oriole Company Balance Sheet Assets. Round answers to 1 decimal place eg. It is inolved in Business activities nec. 152 Current ratio Debt to assets ratio. Prepare a classified balance sheet. The adjusted trial balance for Oriole Company is given below. On June 30 2020 Oriole Company issued 4880000 face value of 13 20-year bonds at 5247120 a yield of 12.

Prepare a classified balance sheet at July 31. All of Orioles assets book values approximate their fair value except for land which has a fair value that is 710000 greater than its book value. This question hasnt been answered yet. What amount of goodwill should Egbert record as a result of this purchase. Oriole Companys 123121 balance sheet reports assets of 11550000 and liabilities of 4910000. See Page 1 Exercise K11-7 On October 31 the stockholders equity section of Oriole Companys balance sheet consists of common stock 336000 and retained earnings 394000. Sheridan Company Balance Sheet December 31 202 1 Accounts payable 8300 Cash 13500 Common stock Accounts receivable 20600 21900 Retained earnings Allowance for doubtful accounts 860 12710 Inventory 9670 42910 42910 During January 2022 the following transactions occurred. It is inolved in Business activities nec. In 2018 it purchased a nearly identical parcel of land for 470000. ORIOLE COMPANY W N Worksheet For the Month Ended April 30 2020 Adjusted Trial Balance Balance Sheet Income Statement UT Account Title Debit Credit Debit Credit Debit Credit 6 Cash 11100 11100 Accounts receivable 7800 7800 8 Prepaid Rent 2100 2100 9 Equipment 23000 23000 Accumulated 10 Depreciation-Equipment 5300 5300 11 Accounts Payable 5100 5100 12 Interest Payable 50 50 13.

List Property Plant and Equipment in order of Land Buildings Equipment and Land Improvements. A comparative balance sheet for Oriole Corporation is presented below. All of Orioles assets book values approximate their fair value except for land which has a fair value that is 710000 greater than its book value. On 123121 Egbert Corporation paid 11744000 to acquire Oriole. See Page 1 Exercise K11-7 On October 31 the stockholders equity section of Oriole Companys balance sheet consists of common stock 336000 and retained earnings 394000. Sheridan Company Balance Sheet December 31 202 1 Accounts payable 8300 Cash 13500 Common stock Accounts receivable 20600 21900 Retained earnings Allowance for doubtful accounts 860 12710 Inventory 9670 42910 42910 During January 2022 the following transactions occurred. Leave a Reply Cancel reply. In 2018 it purchased a nearly identical parcel of land for 470000. At December 31 2018 Oriole Company reported the following information on its balance sheet. ORIOLE COMPANY Trial Balance August 312020 After Before Adjustment Adjustment Cr.