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Balance Sheet Accounts: Total Assets

The document provides a comparative balance sheet for the years 2018 and 2017 showing account balances, increases, and decreases in peso and percentage terms. It also provides a vertical analysis of the 2018 balance sheet showing account balances as percentages of total assets or liabilities/capital. Key figures include a 5% increase in total assets from 2017 to 2018 and decreases in inventories and machinery of 33% and 12%, respectively. Long-term liabilities decreased 10% while retained earnings increased 100%.

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Jing Sagittarius
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121 views4 pages

Balance Sheet Accounts: Total Assets

The document provides a comparative balance sheet for the years 2018 and 2017 showing account balances, increases, and decreases in peso and percentage terms. It also provides a vertical analysis of the 2018 balance sheet showing account balances as percentages of total assets or liabilities/capital. Key figures include a 5% increase in total assets from 2017 to 2018 and decreases in inventories and machinery of 33% and 12%, respectively. Long-term liabilities decreased 10% while retained earnings increased 100%.

Uploaded by

Jing Sagittarius
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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Balance Sheet Accounts 2018 2017

Cash 104,000.00 60,000.00


Marketable Securities 400,000.00 340,000.00
Accounts Receivable 400,000.00 200,000.00
Inventories 200,000.00 300,000.00
Machinery 600,000.00 680,000.00
Land and Building 200,000.00 220,000.00
Goodwill 160,000.00 160,000.00
Other Assets 36,000.00 40,000.00
Total Assets 2,100,000.00 2,000,000.00
Notes Payable(trade) 60,000.00 40,000.00
Accounts Payable 316,000.00 244,000.00
Accrued Expenses 24,000.00 16,000.00
Long Term Liabilities 900,000.00 1,000,000.00
Total Liabilities 1,300,000.00 1,300,000.00
15% Preferred Stock, P10 par 200,000.00 200,000.00
Common Stock 400,000.00 400,000.00
Retained Earnings 200,000.00 100,000.00
Total Capital 800,000.00 700,000.00
Total Liabilities and Capital 2,100,000.00 2,000,000.00

Required:
1. Prepare Comparative Balance Sheets for 2017 and 2018
showing peso and percentage increases and decreases.
(Horizontal Analysis)
2. Prepare Balance Sheets with common size percentages for
the year 2018. (Vertical Analysis)
Increase (Decrease) % increase (decrease)

44,000.00 73%

60,000.00 18%

200,000.00 100%

- 100,000.00 -33%

- 80,000.00 -12%

- 20,000.00 -9%

- 0%

- 4,000.00 -10%

100,000.00 5%

20,000.00 50%

72,000.00 30%

8,000.00 50%

- 100,000.00 -10%

- 0%

- 0%

- 0%

100,000.00 100%

100,000.00 14%

100,000.00 5%
Balance Sheet Accounts 2018 %
Cash 104,000.00 5%
Marketable Securities 400,000.00 19%
Accounts Receivable 400,000.00 19%
Inventories 200,000.00 10%
Machinery 600,000.00 29%
Land and Building 200,000.00 10%
Goodwill 160,000.00 8%
Other Assets 36,000.00 2%
Total Assets 2,100,000.00 100%
Notes Payable(trade) 60,000.00 3%
Accounts Payable 316,000.00 15%
Accrued Expenses 24,000.00 1%
Long Term Liabilities 900,000.00 43%
Total Liabilities 1,300,000.00 62%
15% Preferred Stock, P10 par 200,000.00 10%
Common Stock 400,000.00 19%
Retained Earnings 200,000.00 10%
Total Capital 800,000.00 38%
Total Liabilities and Capital 2,100,000.00 100%

Required:
1. Prepare Comparative Balance Sheets for 2017 and 2018
showing peso and percentage increases and decreases.
(Horizontal Analysis)
2. Prepare Balance Sheets with common size percentages for
the year 2018. (Vertical Analysis)
2017 %
60,000.00 3%
340,000.00 17%
200,000.00 10%
300,000.00 15%
680,000.00 34%
220,000.00 11%
160,000.00 8%
40,000.00 2%
2,000,000.00 100%
40,000.00 2%
244,000.00 12%
16,000.00 1%
1,000,000.00 50%
1,300,000.00 65%
200,000.00 10%
400,000.00 20%
100,000.00 5%
700,000.00 35%
2,000,000.00 100%

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