Presented below are a number of balance sheet items for montoya, inc.,

P5-2 Presented below are a number of balance sheet items for Montoya, Inc., for the current year, 2014.Goodwill$125,000 Accumulated Depreciation – Equipment$292,000 Payroll Taxes Payable177,591Inventory239,800Bonds Payable300,000Rent Payable – Short-term45,000Discount on Bonds Payable15,000Income Tax Payable98,362Cash360,000Rental Expense Long-term480,000Land480,000Common Stock, $1 Par Value200,000Notes Receivable445,700Preferred Stock, $10 Par Value150,000Notes Payable to Banks265,000Prepaid Expenses87,920Accounts Payable490,000Equipment1,470,000Retained Earnings?Equity Investments (Trading)121,000Income Taxes Receivable97,630Accumulated Depreciation – Buildings270,200Unsecured Notes Payable (Long-term)1,600,000Buildings1,640,000InstructionsPrepare a classified balance sheet in good form. Common stock authorized was400,000shares, and preferred stock authorized was 20,000 shares. Assume that notes receivable and notes payable are short-term, unless stated otherwise. Cost and fair value of marketable securities are the same. 

Get 20% Discount on The assignment
Pages (550 words)
Approximate price: -

Try it now!

Get 20% Discount on The Assignment

We'll send you the first draft for approval by at
Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

EssayBrill has stood as the world’s leading custom essay writing services providers. Once you enter all the details in the order form under the place order button, the rest is up to us.


Essay Writing Services

At EssayBrill, we prioritize on all aspects that bring about a good grade such as impeccable grammar, proper structure, zero-plagiarism and conformance to guidelines. Our experienced team of writers will help you completed your essays and other assignments.


Admission and Business Papers

Be assured that you’ll definitely get accepted to the Master’s level program at any university once you enter all the details in the order form. We won’t leave you here; we will also help you secure a good position in your aspired workplace by creating an outstanding resume or portfolio once you place an order.


Editing and Proofreading

Our skilled editing and writing team will help you restructure you paper, paraphrase, correct grammar and replace plagiarized sections on your paper just on time. The service is geared toward eliminating any mistakes and rather enhancing better quality.


Technical papers

We have writers in almost all fields including the most technical fields. You don’t have to worry about the complexity of your paper. Simply enter as much details as possible in the place order section.