5)	EXTRA CREDIT:
			WHAT IS THE INVENTORY VALUE AT JUNE 30, 2018
	6)	In January 2018, Harrison Company issued 5,000 shares of its Common Stock, par value $1 for $3 per share.
		Complete the change in Equity for this transaction
		Common Stock Par Value $1,
		Additional Paid in Equity
7) Below is the aged AR for Harris Conmpany at 12/31/18. It determined that some of the accounts included in the aging
will not be paid. It % of uncollectibles is based on past experience. DETERMINE the Allowance for Bad Debt at
12/31/2018
			Number of Days Past Due
		Total	0-30	31-60	61-90	91-120	over 120
AR		$305,000	$107,000	$60,000	$50,000	$38,000	$50,000
% of Uncollectibles			2%	5%	7.5%	10%	25%
Estimated Bad Debt
The Bad Debt would be:
8) On December 31, 2018 Harris Company authorized a DIVIDEND of $.25, to Stockholders of record January 15, 2019
Payable January 31, 2019
Determine the Common Share Dividend
9) EXTRA CREDIT
What is the Dividend Payable Liability at 12/31/2018

	Homework to be Collected
	Name
	1) On December 31, 3017, Harrison Company had the following balance sheet:
	Harrison Company
	Balance Sheet
	At December 31, 2017
	Cash				$4,800	Accounts Payable		$3,000
	Accounts Receivable				$3,900
	Inventory - Note 1				$1,800
	Equipment - Note 2			25000		Common Stock Par Value $1,		$8,000
	Accumulated Depreciation			-5000		Authorized 100,000 shares,
					$20,000	outstanding 8,000 shares
						Additional Paid in Equity		$2,000
						Total Pd in Equity		$10,000
						Retained Earning		$17,500
	Total Assets				$30,500	Total Liabilities &
						Stockholders Equity		$30,500