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View Full Version : Balance sheet miss ing amounts?


mcfaanto
Feb 2, 2011, 09:45 AM
The following amounts are missing in the Balance sheet of Weavers Inc. a textile manufacturing company. How do I find the missing amounts?

January 1, 2009 December 31, 2009
Cash 4,784,000 ?
Accounts Receivable 9,310,000 15,313,600
Inventories 760,700 1,346,700
Prepaid Expenses 1,033,300 758,200
Loans to Shareholders 31,300 72,700
Buildings and trucks 13,820,300 24,434,800
Accumulated Depre ciation (8,423,500) ?
Land 180,900 1,651,300
Life Insurance 1,156,600 1,834,400

TOTAL ASSETS 22,653,600 41,497,000


Accounts Payable 5,240,400 8,296,300
Notes payables (short term) 512,200 898,900
Loans From Shareholders 15,575,100 19,196,400
Notes payables (long term) 2,182,100 3,383,500
Loan on Life insurance 531,200 1,620,600
Capital stock 100,300 100,300
Paid-in-capital 955,900 955,900
Retained earnings (1,037,400) ?
Accum adjustments acct - ?
Previously taxed income 206,000 ?
Treasury stock (1,612,200) (1,612,200)

TOTAL LIABILITIES & CAPITAl 22,653,600 41,497,000