- Have any questions
- +1(304)-397-0675
- support@babyesssays.com
Balances for The Cougar Hotel for the years 20X7
The General Manager of The Cougar Hotel
February 23, 2023Globalisation: A summary of the company’s products / services and
February 23, 2023Part 1:
Below are the balance sheet accounts and balances for The Cougar Hotel for the years 20X7
and 20X8, please complete the following:
1. Organize the information into the correct Balance Sheet Format. Proper format
includes:
a. Headings
b. Dates
c. Subtotals/Totals
d. Vertical Analysis
e. Horizontal Analysis
20X7 20X8
Accounts Payable 100,000 500,000
Accounts Receivable 500,000 100,000
Accumulated Depreciation (7,000,000) (12,000,000) Building 20,000,000 25,000,000
Cash 600,000 400,000
Common Stock 20,000,000 25,000,000
Current Portion of Mortgage 1,250,000 1,250,000
Equipment 10,000,000 12,000,000
Goodwill 1,700,000 1,700,000
Inventory 1,000,000 200,000
Land 10,000,000 10,000,000
Long-term Bond Payable 2,000,000 2,000,000
Marketable Securities 600,000 500,000
Mortgage 10,000,000 5,800,000
Prepaids 300,000 300,000
Restricted Cash 200,000 200,000
Retained Earnings 4,250,000 3,700,000
Taxes Payable 300,000 150,000
Hint: Look at the balance sheet examples provided in the PowerPoints for both the
lectures and the sample problems.
Click here to request for this assignment help
#Balances #Cougar #Hotel #years #20X7
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
