The following information is for Blossom Real Estate: BlossomReal Estate Balance Sheet December 31, 2020 Cash $ 24500 A
Posted: Thu Apr 28, 2022 10:41 am
The following information is for Blossom Real
Estate:
BlossomReal Estate
Balance Sheet
December 31, 2020
Cash
$ 24500
Accounts Payable
$ 60400
Prepaid Insurance
29600
Salaries and Wages Payable
15300
Accounts Receivable
49100
Mortgage Payable
86000
Inventory
69500
Total Liabilities
161700
Land Held for Investment
84400
Land
122000
Buildings
$101900
Less Accumulated
Depreciation
Owner's Capital
369200
(19600)
82300
Trademark
69500
Total Liabilities and
Owner’s
Equity
Total Assets
$530900
$530900
The total dollar amount of assets to be classified as investments
is
$69500.
$84400.
$0.
$173500.
Estate:
BlossomReal Estate
Balance Sheet
December 31, 2020
Cash
$ 24500
Accounts Payable
$ 60400
Prepaid Insurance
29600
Salaries and Wages Payable
15300
Accounts Receivable
49100
Mortgage Payable
86000
Inventory
69500
Total Liabilities
161700
Land Held for Investment
84400
Land
122000
Buildings
$101900
Less Accumulated
Depreciation
Owner's Capital
369200
(19600)
82300
Trademark
69500
Total Liabilities and
Owner’s
Equity
Total Assets
$530900
$530900
The total dollar amount of assets to be classified as investments
is
$69500.
$84400.
$0.
$173500.