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Account Title Debits Credits Cash 77,000 Investments 142,000 Accounts receivable 76,000 Inventories 216,000 Prepaid insurance 6,000 Land 122,000 Buildings 436,000 Accumulated depreciationbuildings 116,000 Equipment 126,000
Account Title | Debits | Credits | ||||
Cash | 77,000 | |||||
Investments | 142,000 | |||||
Accounts receivable | 76,000 | |||||
Inventories | 216,000 | |||||
Prepaid insurance | 6,000 | |||||
Land | 122,000 | |||||
Buildings | 436,000 | |||||
Accumulated depreciationbuildings | 116,000 | |||||
Equipment | 126,000 | |||||
Accumulated depreciationequipment | 76,000 | |||||
Patents (net of amortization) | 26,000 | |||||
Accounts payable | 107,000 | |||||
Notes payable | 178,000 | |||||
Interest payable | 36,000 | |||||
Bonds payable | 256,000 | |||||
Common stock | 348,000 | |||||
Retained earnings | 110,000 | |||||
Totals | 1,227,000 | 1,227,000 | ||||
I am doing a Balance Sheet for this company but can not figure the marketable securities or the liabilities and shareholders equity parts to this balance sheet. Every answer I come up withis wrong. Getting very frustrated on hiw to prepare this. could someone give me examples on how to figure these out please and thank you |
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