SlideShare a Scribd company logo
1 of 1
Download to read offline
5. Current assets other than cash increased by $29,000. Current liabilities increased by $14,060.
6. An addition to the building was completed at a cost of $28,060. 7. A long-term investment in
stock was purchased for $16,000. 8. Bonds payable of $52,090 were issued. 9. Cash dividends of
$30,000 were declared and paid. 10. Treasury stock was purchased at a cost of $11,000.
Prepare a balance sheet at December 31, 2025. (Show only totals for current assets and current
liabilities.) (List Property, Plant. and Equipment in order of Land, Buildings, and Equipment.
Enter account name only and do not provide the descriptive information provided in the
question.)
Pronghorn Corporation's balance sheet at the end of 2024 included the following items. The
following information is available for 2025 . 1. Net income was $55,150. 2. Equipment (cost
$21,060 and accumulated depreciation $9,060 ) was sold for $11,060. 3. Depreciation expense
was $5,060 on the building and $10,060 on equipment.

More Related Content

Similar to 5. Current assets other than cash increased by $29,000. Current li.pdf

Uop acc-422
Uop acc-422Uop acc-422
Uop acc-422indi3540
 
ACC 422 Final Exam Guide Score 29-30 seek Your Dream/uophelpdotcom
ACC 422 Final Exam Guide Score 29-30 seek Your Dream/uophelpdotcomACC 422 Final Exam Guide Score 29-30 seek Your Dream/uophelpdotcom
ACC 422 Final Exam Guide Score 29-30 seek Your Dream/uophelpdotcomapjk533
 
The Hills City maintains a Water and Sewer Fund to provide utility s.pdf
The Hills City maintains a Water and Sewer Fund to provide utility s.pdfThe Hills City maintains a Water and Sewer Fund to provide utility s.pdf
The Hills City maintains a Water and Sewer Fund to provide utility s.pdfpreetamsahu17
 
ACC 422 Final Exam Guide With EXCEL FILE seek Your Dream/uophelpdotcom
ACC 422 Final Exam Guide With EXCEL FILE seek Your Dream/uophelpdotcomACC 422 Final Exam Guide With EXCEL FILE seek Your Dream/uophelpdotcom
ACC 422 Final Exam Guide With EXCEL FILE seek Your Dream/uophelpdotcomapjk534
 
Acct 567 final exam solutions 100% correct answers
Acct 567 final exam solutions 100% correct answersAcct 567 final exam solutions 100% correct answers
Acct 567 final exam solutions 100% correct answersProfessorLance
 
Statement of Cash Flows Required Designate where each of the followi.pdf
 Statement of Cash Flows Required Designate where each of the followi.pdf Statement of Cash Flows Required Designate where each of the followi.pdf
Statement of Cash Flows Required Designate where each of the followi.pdfalmaniaeyewear
 
Problem 1.        Use the following information to prepare a s.docx
Problem 1.        Use the following information to prepare a s.docxProblem 1.        Use the following information to prepare a s.docx
Problem 1.        Use the following information to prepare a s.docxwkyra78
 
ACC 422 Final Exam Guide With EXCEL FILE seek Your Dream/acc422martdotcom
ACC 422 Final Exam Guide With EXCEL FILE seek Your Dream/acc422martdotcomACC 422 Final Exam Guide With EXCEL FILE seek Your Dream/acc422martdotcom
ACC 422 Final Exam Guide With EXCEL FILE seek Your Dream/acc422martdotcomapjk538
 
ACC 422 Final Exam Guide Score 29-30 seek Your Dream/acc422martdotcom
ACC 422 Final Exam Guide Score 29-30 seek Your Dream/acc422martdotcomACC 422 Final Exam Guide Score 29-30 seek Your Dream/acc422martdotcom
ACC 422 Final Exam Guide Score 29-30 seek Your Dream/acc422martdotcomapjk538
 
Chapter 2 Basic Financial Statements exercise and solutions
Chapter 2 Basic Financial Statements exercise and solutions Chapter 2 Basic Financial Statements exercise and solutions
Chapter 2 Basic Financial Statements exercise and solutions Osama Yousaf
 
ACC 422 Final Exam Guide Score 29-30 seek Your Dream/snaptutorialdotcom
ACC 422 Final Exam Guide Score 29-30 seek Your Dream/snaptutorialdotcomACC 422 Final Exam Guide Score 29-30 seek Your Dream/snaptutorialdotcom
ACC 422 Final Exam Guide Score 29-30 seek Your Dream/snaptutorialdotcomapjk536
 
ACC 422 Final Exam Guide With EXCEL FILE seek Your Dream/snaptutorialdotcom
ACC 422 Final Exam Guide With EXCEL FILE seek Your Dream/snaptutorialdotcomACC 422 Final Exam Guide With EXCEL FILE seek Your Dream/snaptutorialdotcom
ACC 422 Final Exam Guide With EXCEL FILE seek Your Dream/snaptutorialdotcomapjk536
 
Recording Transactions, Preparing Journal Entries, Posting to T-Accou.pdf
Recording Transactions, Preparing Journal Entries, Posting to T-Accou.pdfRecording Transactions, Preparing Journal Entries, Posting to T-Accou.pdf
Recording Transactions, Preparing Journal Entries, Posting to T-Accou.pdffaisalbags
 
Exercises Financial Accounting - Cash Flow
Exercises Financial Accounting - Cash FlowExercises Financial Accounting - Cash Flow
Exercises Financial Accounting - Cash FlowFabiola Kristi
 
The post-closing trial balance of Wildhorse Corporation at December 3.pdf
The post-closing trial balance of Wildhorse Corporation at December 3.pdfThe post-closing trial balance of Wildhorse Corporation at December 3.pdf
The post-closing trial balance of Wildhorse Corporation at December 3.pdffairdealinternationa
 

Similar to 5. Current assets other than cash increased by $29,000. Current li.pdf (16)

Uop acc-422
Uop acc-422Uop acc-422
Uop acc-422
 
Uop acc-422
Uop acc-422Uop acc-422
Uop acc-422
 
ACC 422 Final Exam Guide Score 29-30 seek Your Dream/uophelpdotcom
ACC 422 Final Exam Guide Score 29-30 seek Your Dream/uophelpdotcomACC 422 Final Exam Guide Score 29-30 seek Your Dream/uophelpdotcom
ACC 422 Final Exam Guide Score 29-30 seek Your Dream/uophelpdotcom
 
The Hills City maintains a Water and Sewer Fund to provide utility s.pdf
The Hills City maintains a Water and Sewer Fund to provide utility s.pdfThe Hills City maintains a Water and Sewer Fund to provide utility s.pdf
The Hills City maintains a Water and Sewer Fund to provide utility s.pdf
 
ACC 422 Final Exam Guide With EXCEL FILE seek Your Dream/uophelpdotcom
ACC 422 Final Exam Guide With EXCEL FILE seek Your Dream/uophelpdotcomACC 422 Final Exam Guide With EXCEL FILE seek Your Dream/uophelpdotcom
ACC 422 Final Exam Guide With EXCEL FILE seek Your Dream/uophelpdotcom
 
Acct 567 final exam solutions 100% correct answers
Acct 567 final exam solutions 100% correct answersAcct 567 final exam solutions 100% correct answers
Acct 567 final exam solutions 100% correct answers
 
Statement of Cash Flows Required Designate where each of the followi.pdf
 Statement of Cash Flows Required Designate where each of the followi.pdf Statement of Cash Flows Required Designate where each of the followi.pdf
Statement of Cash Flows Required Designate where each of the followi.pdf
 
Problem 1.        Use the following information to prepare a s.docx
Problem 1.        Use the following information to prepare a s.docxProblem 1.        Use the following information to prepare a s.docx
Problem 1.        Use the following information to prepare a s.docx
 
ACC 422 Final Exam Guide With EXCEL FILE seek Your Dream/acc422martdotcom
ACC 422 Final Exam Guide With EXCEL FILE seek Your Dream/acc422martdotcomACC 422 Final Exam Guide With EXCEL FILE seek Your Dream/acc422martdotcom
ACC 422 Final Exam Guide With EXCEL FILE seek Your Dream/acc422martdotcom
 
ACC 422 Final Exam Guide Score 29-30 seek Your Dream/acc422martdotcom
ACC 422 Final Exam Guide Score 29-30 seek Your Dream/acc422martdotcomACC 422 Final Exam Guide Score 29-30 seek Your Dream/acc422martdotcom
ACC 422 Final Exam Guide Score 29-30 seek Your Dream/acc422martdotcom
 
Chapter 2 Basic Financial Statements exercise and solutions
Chapter 2 Basic Financial Statements exercise and solutions Chapter 2 Basic Financial Statements exercise and solutions
Chapter 2 Basic Financial Statements exercise and solutions
 
ACC 422 Final Exam Guide Score 29-30 seek Your Dream/snaptutorialdotcom
ACC 422 Final Exam Guide Score 29-30 seek Your Dream/snaptutorialdotcomACC 422 Final Exam Guide Score 29-30 seek Your Dream/snaptutorialdotcom
ACC 422 Final Exam Guide Score 29-30 seek Your Dream/snaptutorialdotcom
 
ACC 422 Final Exam Guide With EXCEL FILE seek Your Dream/snaptutorialdotcom
ACC 422 Final Exam Guide With EXCEL FILE seek Your Dream/snaptutorialdotcomACC 422 Final Exam Guide With EXCEL FILE seek Your Dream/snaptutorialdotcom
ACC 422 Final Exam Guide With EXCEL FILE seek Your Dream/snaptutorialdotcom
 
Recording Transactions, Preparing Journal Entries, Posting to T-Accou.pdf
Recording Transactions, Preparing Journal Entries, Posting to T-Accou.pdfRecording Transactions, Preparing Journal Entries, Posting to T-Accou.pdf
Recording Transactions, Preparing Journal Entries, Posting to T-Accou.pdf
 
Exercises Financial Accounting - Cash Flow
Exercises Financial Accounting - Cash FlowExercises Financial Accounting - Cash Flow
Exercises Financial Accounting - Cash Flow
 
The post-closing trial balance of Wildhorse Corporation at December 3.pdf
The post-closing trial balance of Wildhorse Corporation at December 3.pdfThe post-closing trial balance of Wildhorse Corporation at December 3.pdf
The post-closing trial balance of Wildhorse Corporation at December 3.pdf
 

Recently uploaded

Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...RKavithamani
 
Q4-W6-Restating Informational Text Grade 3
Q4-W6-Restating Informational Text Grade 3Q4-W6-Restating Informational Text Grade 3
Q4-W6-Restating Informational Text Grade 3JemimahLaneBuaron
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 -  Danh muc Sach Giao Khoa 10 . pdf1029 -  Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdfQucHHunhnh
 
Paris 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityParis 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityGeoBlogs
 
Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingTechSoup
 
Measures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and ModeMeasures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and ModeThiyagu K
 
Introduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxIntroduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxpboyjonauth
 
Web & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfWeb & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfJayanti Pande
 
Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)eniolaolutunde
 
Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfciinovamais
 
Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactPECB
 
URLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website AppURLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website AppCeline George
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi  6.pdf1029-Danh muc Sach Giao Khoa khoi  6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdfQucHHunhnh
 
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...EduSkills OECD
 
CARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptxCARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptxGaneshChakor2
 
Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111Sapana Sha
 
mini mental status format.docx
mini    mental       status     format.docxmini    mental       status     format.docx
mini mental status format.docxPoojaSen20
 
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdfBASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdfSoniaTolstoy
 

Recently uploaded (20)

Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
 
Q4-W6-Restating Informational Text Grade 3
Q4-W6-Restating Informational Text Grade 3Q4-W6-Restating Informational Text Grade 3
Q4-W6-Restating Informational Text Grade 3
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 -  Danh muc Sach Giao Khoa 10 . pdf1029 -  Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf
 
Paris 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityParis 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activity
 
Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy Consulting
 
Measures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and ModeMeasures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and Mode
 
Introduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxIntroduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptx
 
Web & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfWeb & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdf
 
Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)
 
Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdf
 
Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global Impact
 
URLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website AppURLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website App
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi  6.pdf1029-Danh muc Sach Giao Khoa khoi  6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf
 
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
 
CARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptxCARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptx
 
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptxINDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
 
Staff of Color (SOC) Retention Efforts DDSD
Staff of Color (SOC) Retention Efforts DDSDStaff of Color (SOC) Retention Efforts DDSD
Staff of Color (SOC) Retention Efforts DDSD
 
Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111
 
mini mental status format.docx
mini    mental       status     format.docxmini    mental       status     format.docx
mini mental status format.docx
 
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdfBASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdf
 

5. Current assets other than cash increased by $29,000. Current li.pdf

  • 1. 5. Current assets other than cash increased by $29,000. Current liabilities increased by $14,060. 6. An addition to the building was completed at a cost of $28,060. 7. A long-term investment in stock was purchased for $16,000. 8. Bonds payable of $52,090 were issued. 9. Cash dividends of $30,000 were declared and paid. 10. Treasury stock was purchased at a cost of $11,000. Prepare a balance sheet at December 31, 2025. (Show only totals for current assets and current liabilities.) (List Property, Plant. and Equipment in order of Land, Buildings, and Equipment. Enter account name only and do not provide the descriptive information provided in the question.) Pronghorn Corporation's balance sheet at the end of 2024 included the following items. The following information is available for 2025 . 1. Net income was $55,150. 2. Equipment (cost $21,060 and accumulated depreciation $9,060 ) was sold for $11,060. 3. Depreciation expense was $5,060 on the building and $10,060 on equipment.