Question
30 November, 2012 Account Payable 25,200. Acc. Depriaciation Equip. 22,000. Cash 400,000 Account Payable7,000 Acc. Depriaciation Equip. 9,000 Equipment 50,000 Cost of Goods Sold 510,000
30 November, 2012
Account Payable 25,200.
Acc. Depriaciation Equip. 22,000.
Cash 400,000
Account Payable7,000
Acc. Depriaciation Equip. 9,000
Equipment 50,000
Cost of Goods Sold 510,000
Dividends80,000
Freight-out 60,000
Interest Expense 78,000
Interest Revenue 6,000
Inventory 20,000
Miscellaneous Expense
Notes Payable 37,000
Notes Receiveable 31,300
Prepaid Insurance 17,000
Rent Expense 9,000
Salaries and Wages Exp. 10,000
Sales Commisions Exp. 20,000
Sales Returns and allowance 25,000
Sales Revenue 700,000
Share Capital-ordinary 45,000
Ultilities Expense 8,000
Other data:
1. Depreciation expense for the month, 20,000
2. Insurance expired for November: 8,000
3. Property tax payable not yet recorded: 4,500
4. Sales commission payable not yet recorded: 8,000
5. Cash balance per bank, November 30: 25,121
6. November bank service charge not recorded by the depositor: 28
7. Deposits in transit, November 30: 2,500
8.Bank collected 700 note for the company in November, plus interest 36, less fee 20.
The collection has not been recorded by the company and no interest has been
accrued.
9. Outstanding checks, November 30: 621
10. Inventory on December 1, 2018: 10,000
11. From an internal audit it is known that for the inventory, the same person perform
ordering items, receiving the items, and receiving the invoice.
How to make a classified statement of financial position. Notes payable are due in 2022?
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