I need help on fillkng out this chart for my review pracfuce problem. please show me how it works and put mumbers in correct spots. it will help me prepare for my test Problem 3-6 (Algo) Balance sheet preparation; disclosures (LO3-2, 3-3, 3-4) The following is the ending balances of accounts at December 31 2021. for the Vosburgh Electronics Corporation Credits Debits 85. 20. 141. Account Title Cash Short-term investments Accounts receivable Long-term investments Inventory Receivables from employees Prepaid expenses (for 2022 Land Building Equipment Patent (net) Franchise (net) Notes receivable Interest receivable Accumulated depreciation-building Accumulated depreciation equipment Accounts payable Dividends payable (payable on 1/16/2022) Interest payable Income Taxes payable Deferred revenue Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals 224, 49.00 25,00 289, eee 1,640,00 646,00 161, 49,900 295,000 21.00 629. 219, 198.000 19. 59.000 318.000 17. 2,036, e 200.00 3,869,000 3,869,000 Check my Additional information: 1. The common stock represents 1.3 million shares of no par stock authorized, 590,000 shares issued and outstanding. 2. The receivables from employees are due on June 30, 2022 3. The notes receivable are due in installments of $59,000 payable on each September 30. Interest is payable annually. 4. Short-term investments consist of securities that the company plans to sell in 2022 and $59,000 in treasury bills purchased on December 15 of the current year that mature on February 15, 2022. Long-term investments consist of securities that the company does not plan to sell in the next year. 5. Deferred revenue represents payments from customer for extended service contracts. Seventy five percent of these contracts expire in 2022, the remainder in 2023. 6. Notes payable consists of two notes, one for $109,000 due on January 15, 2023, and another for $209,000 due on June 30, 2024. connect.mheducation.com/flow/connect.html Saved VOSBURGH ELECTRONICS CORPORATION Balance Sheet At December 31, 2021 Assets Current assets Cash and cash equivalents $ 850,000 Accounts receivable $ 141,000 Net accounts receivable 141.000 991,000 Total current assets Investments: Total investments Property, plant, and equipment: Prev 1 of 3 Next search o te @ 9 Prtsen C Solved National X G Forecast SeptemX Used Toyota X Pre-Owned 2016 X1 Chapter Power onnect.mheducation.com/flow/connect.html Total intangible assets Total assets Liabilities and Shareholders' Equity Current abilities: Total current abilities Long-term liabilities: Total long-term liabilities Total liabilities Shareholders' equity: Total shareholders' equity Total liabilities and shareholders' equity Prey 1 of 3 !!! Next > search Prtson Home
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