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Accounts payable $ 40,000 Accounts receivable 33,000 Accumulated depreciationbuildings 25,000 Accumulated depreciationequipment 20,000 Advertising Expense 4,500 Bonds payable, due December 31, 2024 260,000 Buildings 180,000
Accounts payable | $ 40,000 |
Accounts receivable | 33,000 |
Accumulated depreciationbuildings | 25,000 |
Accumulated depreciationequipment | 20,000 |
Advertising Expense | 4,500 |
Bonds payable, due December 31, 2024 | 260,000 |
Buildings | 180,000 |
Capital stock, $1 par value | 220,000 |
Cash | 92,120 |
Commission Expense | 8,400 |
Cost of Goods Sold | 31,480 |
Depreciation Office | 2,970 |
Equipment | 75,500 |
Income Tax Expense | 7,150 |
Income taxes payable | 3,860 |
Insurance Expense Sales Auto | 3,200 |
Interest Expense | 1,550 |
Interest payable | 890 |
Interest Revenue | 1,900 |
Inventory | 74,000 |
Land | 240,000 |
Notes payable, due April 15, 2020 | 7,000 |
Office supplies | 350 |
Paid-in capital in excess of par value | 100,000 |
Prepaid expenses | 5,000 |
Rent Expense - Office | 2,850 |
Retained earnings | 63,020 |
Salaries & Wages - Office | 6,980 |
Salaries & Wages - Sales | 12,580 |
Salaries payable | 5,200 |
Sales Revenue | 95,890 |
Supplies Expense - Office | 990 |
Trademark | 45,000 |
2. Complete Multistep Balance Sheet |
Assets |
Current assets: |
Total current assets |
Property, plant, and equipment: |
Total property, plant, and equipment |
Intangible assets: |
Total assets |
Liabilities |
Current liabilities: |
Total current liabilities |
Long-term debt: |
Total liabilities |
Stockholders Equity |
Contributed capital: |
Total contributed capital |
Total stockholders equity |
Total liabilities and stockholders equity |
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