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    SamSajasi's Avatar
    SamSajasi Posts: 14, Reputation: 1
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    #1

    Feb 3, 2011, 03:59 PM
    Accounting Homework-Help
    The following information (in thousands of dollars) is available for H.J.M Company —famous for ketchup and other fine food products—for the year ended May 2, 2007.

    Prepaid expenses $145,911 Inventories $1,318,592
    Land 57,182 Buildings and equipment $4,406,007
    Other current assets 42,638 Cash and cash equivalents $718,644
    Intangible assets 4,556,758 Accounts receivables $1,097,236
    Other noncurrent assets 964,213 Accumulated depreciation $2,263,822

    Complete the assets section of the following classified balance sheet. (List the assets in order of liquidity, accounts with Other listed in the title are always listed last in ordering.)
    smoothy's Avatar
    smoothy Posts: 25,490, Reputation: 2853
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    #2

    Feb 3, 2011, 04:10 PM

    You did read the site rules for homework...

    YOU do it first... then we help you sort out what you did wrong... we don't do it all for you like you expect.

    Here's a link.

    https://www.askmehelpdesk.com/other-...-b-u-font.html
    SamSajasi's Avatar
    SamSajasi Posts: 14, Reputation: 1
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    #3

    Feb 3, 2011, 04:51 PM



    Can someone check over this picture of the work I did for this problem I asked about?

    Thank you so much for your help.
    SamSajasi's Avatar
    SamSajasi Posts: 14, Reputation: 1
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    #4

    Feb 3, 2011, 04:51 PM
    Comment on smoothy's post
    I did the problem.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #5

    Feb 3, 2011, 05:00 PM

    Your solution looks good to me as your assets are properly classified.
    SamSajasi's Avatar
    SamSajasi Posts: 14, Reputation: 1
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    #6

    Feb 3, 2011, 05:22 PM
    Comment on pready's post
    I submitted the answer, and it's not correct. The corrections highlighted this number in the problem: "2,085,003" but I don't know what's wrong w/ it.
    smoothy's Avatar
    smoothy Posts: 25,490, Reputation: 2853
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    #7

    Feb 3, 2011, 05:28 PM

    I don't know if anyone else can see the picture... but I can't. I can see you had one there. But see a box with a red X.

    Late Edit... thanks... thats working now... whatever you did worked.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #8

    Feb 3, 2011, 05:54 PM

    Your total PP&E amount is incorrect. You need to add the Land amount to your net Building amount. The total PP&E amount should be 2,199,367 if I did my math right.
    SamSajasi's Avatar
    SamSajasi Posts: 14, Reputation: 1
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    #9

    Feb 3, 2011, 10:24 PM
    Comment on pready's post
    Thanks for your help. This is correct.

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