Question

isted below in random order are the items to be included in the balance sheet of Smokey Mountain Lodge at December 31, 2011:
Equipment . . . . . . . . . . . . . . . $ 39,200 Buildings. . . . . . . . . . . . . . . . . $450,000 Land . . . . . . . . . . . . . . . . . . . . 425,000 Capital Stock . . . . . . . . . . . . . 135,000 Accounts Payable. . . . . . . . . . 54,800 Cash. . . . . . . . . . . . . . . . . . . . 31,400 Accounts Receivable . . . . . . . 10,600 Furnishings. . . . . . . . . . . . . . . 58,700 Salaries Payable. . . . . . . . . . . 33,500 Snowmobiles . . . . . . . . . . . . . 15,400 Interest Payable . . . . . . . . . . . 12,000 Notes Payable . . . . . . . . . . . . 620,000 Retained Earnings . . . . . . . . . ?


Instructions
a. Prepare a balance sheet at December 31, 2011. Include a proper heading and organize your balance sheet similar to Exhibit 2–9 . (After “Buildings,” you may list the remaining assets in any order.) You will need to compute the amount to be shown for Retained Earnings. b. Assume that no payment is due on the notes payable until 2013. Does this balance sheet indicate that the company is in a strong financial position as of December 31, 2011? Explain briefly.​

Answer 1

Answer:

Please note that the values of charge and mass of the residual particles are of protons when hydrogen gas is enclosed in the discharge tube. In case some other gas is enclosed, then the positive residues differ in the values of mass and charge. This means that unlike electron, a proton is not a universal particle.