Preparing the Financial Statements Listed below are items reported on the financial statements of the...
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Accounting
Preparing the Financial Statements Listed below are items reported on the financial statements of the Huntington Company as of June 30, 2016:
Cash flow provided by operating activities
$39,000
Cash at June 30, 2015
6,000
Cash at June 30, 2016
36,000
Inventory
5,500
Accounts receivable
15,200
Cash flow from investing activities
(10,300)
Other current assets
1,500
Property, plant and equipment
50,000
Other long-term assets
17,500
Cash flow from financing activities
1,300
Current liabilities
22,000
Long-term liabilities
16,250
Intangible assets
9,500
Common stock
60,000
Retained earnings
?
Required Prepare a classified balance sheet as of June 30, 2016, and statement of cash flows for 2016.
Use negative signs with your answers if shown above as a negative number.
HUNTINGTON COMPANY Balance Sheet June 30, 2016 Assets Liabilities & Stockholders' Equity Current Assets: Liabilities: Long-term Liabilities Inventory 0 Total Liabilities Total Current Assets Stockholders' Equity Long-term Assets: Intangible Assets Total Stockholders' Equity Total Long-term Assets Total Assets Total Liabilities and Stockholders' Equity
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