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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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