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Question: Equ da Following is the balance sheet for Articulation Corporation for cash flow December 31, 201…
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Question: Equ da Following is the balance sheet for Articulation Corporation for cash flow December 31, 201...
Question: Equ da Following is the balance sheet for Articulation Corporation for cash flow December 31, 201...

Show transcribed image text equ da Following is the balance sheet for Articulation Corporation for cash flow December 31, 2015. Using the additional information provided and the statement of on page 2. derive the balance sheet at December 31, 2016 in the space provided. 12/31/2016 12/31/2015 Dr Assets Current assets 39,825 Cash 147,825 73sts Woop Accounts receivable (net) 32,250 Trading securities 50,250 Available for sale securities 27,000 GISO Inventory 6500 6,750 Prepaid expenses 303,900 Total current assets 175,000 50 000 Land 230,000 202,500 Buildings 40,500 Equipment (27,000) Less: accumulated depreciation 418,500 40,500 Patents 762,900 Total assets Liabilities and Shareholders' Equity Current liabilities 62,100 Accounts payable 22,250 Accrued wages payable 18.250 Interest payable 102,600 Total current liabilities 148,500 Notes payable 158,625 Long-term debt 409,725 Total liabilities Shareholders' equity 256,500 No-par common stock 84,175 Retained Earnings 16,000 Accumulated other comprehensive income (3,500) Treasury stock at cost 762,900 Total liabilities and shareholder's equity Additional Information: 1)Available for sale securities sold during 2016 had a book value of $24,375 and a cost of $25,325 at 12/31/15. 2) Deferred revenue consists of a deposit on a 2018 contract.

equ da Following is the balance sheet for Articulation Corporation for cash flow December 31, 2015. Using the additional information provided and the statement of on page 2. derive the balance sheet at December 31, 2016 in the space provided. 12/31/2016 12/31/2015 Dr Assets Current assets 39,825 Cash 147,825 73sts Woop Accounts receivable (net) 32,250 Trading securities 50,250 Available for sale securities 27,000 GISO Inventory 6500 6,750 Prepaid expenses 303,900 Total current assets 175,000 50 000 Land 230,000 202,500 Buildings 40,500 Equipment (27,000) Less: accumulated depreciation 418,500 40,500 Patents 762,900 Total assets Liabilities and Shareholders' Equity Current liabilities 62,100 Accounts payable 22,250 Accrued wages payable 18.250 Interest payable 102,600 Total current liabilities 148,500 Notes payable 158,625 Long-term debt 409,725 Total liabilities Shareholders' equity 256,500 No-par common stock 84,175 Retained Earnings 16,000 Accumulated other comprehensive income (3,500) Treasury stock at cost 762,900 Total liabilities and shareholder's equity Additional Information: 1)Available for sale securities sold during 2016 had a book value of $24,375 and a cost of $25,325 at 12/31/15. 2) Deferred revenue consists of a deposit on a 2018 contract.

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