The following balance sheet was prepared by the bookkeeper for Kraus Company as of December 31, 2010.

The following balance sheet was prepared by the bookkeeper for Kraus Company as of December 31, 2010.Cash 80,000A/R (Net) 52,200Inventories 57,000Investments 76,300Equipment (Net) 96,000Patents 32,000Total 393,500A/P 75,000Long-Term Liabilities 100,000Stockholder’s Equity 218,500Total 393,500The following additional information is provided:1) Cash includes the cash surrender value of a life insurance policy $9,400, and a bank overdraft of $2,500 has been deducted.2) The net a/r balance includes:(a)a/r debit: 60,000(b)a/r credit: 4,000(c)allowance for doubtful accts: 3,8003) Inventories do not include goods costing $3,000 shipped out on consignment. Receivables of $3,000 were recorded on these goods.4) Investments include investments in common stock, trading $19,000 and available for sale $48,300 and franchises $9,000.5) Equipment costing $5,000 with accumulated depreciation $4,000 is no longer used and is held for sale. Accumulated depreciation on the other equipment is $40,000.Prepare a balance sheet in good form (Stockholder’s equity details can be omitted.)

Kraus CompanyBalance SheetAs of December 31, 2010AssetsCurrent assetsCashTrading securitiesAccounts receivableLess: Allowance for doubtful accountsInventoriesEquipment held for saleTotal…

Show more

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more