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  • Fabm Driil 1

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    Mariell Pahinag
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    The balance sheet shows RodNeddie Trading had current assets of $474,000 as of December 31, 2016, including $200,000 of cash on hand, $100,000 in accounts receivable, and $40,000 in notes receivable. Total non-current assets were $1,201,000, consisting of supplies, land, building, and equipment. The total assets were the sum of current assets and non-current assets.

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    The balance sheet shows RodNeddie Trading had current assets of $474,000 as of December 31, 2016, including $200,000 of cash on hand, $100,000 in accounts receivable, and $40,000 in notes receivable. Total non-current assets were $1,201,000, consisting of supplies, land, building, and equipment. The total assets were the sum of current assets and non-current assets.

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    633 views1 page

    Fabm Driil 1

    Uploaded by

    Mariell Pahinag
    The balance sheet shows RodNeddie Trading had current assets of $474,000 as of December 31, 2016, including $200,000 of cash on hand, $100,000 in accounts receivable, and $40,000 in notes receivable. Total non-current assets were $1,201,000, consisting of supplies, land, building, and equipment. The total assets were the sum of current assets and non-current assets.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    RodNeddie Trading

    Balance Sheet
    For the Year Ended December 31,2016

    ASSETS

    CURRENT ASSETS
    Cash on hand 200,000
    Accounts Receivable 100,000
    Notes Receivable 40,000
    Interest Receivable 12,000
    Advances to Employee 20,000
    Accrued Income 10,000
    Prepaid Rent 7,000
    Contra-Assets
    A) Allowance for bad depths 5,000
    B) Accumulated depreciaton
    -Building 50,000
    -Equipment 30,000
    TOTAL CURRENT ASSETS 474,000

    NON-CURRENT ASSETS
    Supplies 1,000
    Land 400,000
    Building 100,000
    Equipment 100,000
    TOTAL NON-CURRENT ASSETS 1,201,000

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