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Accumulated amortization $270,000 Retained earnings 164,700 Cash 16,000 Bonds payable 136,000 Accounts receivable 55,500 Plant and equipmentoriginal cost 740,000 Accounts payable 50,000 Allowance for bad
Accumulated amortization | $270,000 | |
Retained earnings | 164,700 | |
Cash | 16,000 | |
Bonds payable | 136,000 | |
Accounts receivable | 55,500 | |
Plant and equipmentoriginal cost | 740,000 | |
Accounts payable | 50,000 | |
Allowance for bad debts | 6,800 | |
Common stock, 100,000 shares outstanding | 188,000 | |
Inventory | 81,000 | |
Preferred stock, 1,000 shares outstanding | 75,000 | |
Marketable securities | 20,000 | |
Investments | 26,000 | |
Notes payable (6 months) | 48,000 | |
Balance Sheet | ||||
Assets | Liabilities and Shareholders Equity | |||
Current Assets: | Current Liabilities: | |||
(Click to select) Cash Plant and equipment Investments Accumulated amortization Accounts payable | $ | (Click to select) Cash Marketable securities Accounts payable Bonds payable | $ | |
(Click to select) Accounts payable Investments Preferred stock Plant and equipment Marketable securities | (Click to select) Preferred stock Interest payable Bonds payable Notes payable Common stock | |||
(Click to select) Plant and equipment Investments Retained earnings Bonds payable Accounts receivable | $ | |||
(Click to select) Plant and equipment Less: Allowance for bad debts Less: Accumulated amortization Inventory Investments | Total current liabilities | |||
Long-term liabilities | ||||
(Click to select) Less: Accumulated amortization Cash Plant and equipment Inventory Investments | (Click to select) Preferred stock Bonds payable Common stock Capital paid in excess of par Retained earnings | |||
Total current assets | Total liabilities | |||
Other Assets: | Shareholders Equity: | |||
(Click to select) Investments Less: Accumulated amortization Cash Inventory Less: Allowance for bad debts | (Click to select) Preferred stock Bonds payable Plant and equipment Notes payable | |||
Capital assets: | (Click to select) Common stock Bonds payable Plant and equipment Notes payable | |||
(Click to select) Marketable securities Cash Accounts receivable Plant and equipment Investments | (Click to select) Cash Bonds payable Accounts payable Retained earnings Accounts receivable | |||
(Click to select) Less: Allowance for bad debts Marketable securities Accounts receivable Bonds payable Less: Accumulated amortization | ||||
Net plant and equipment | Total shareholders equity | |||
Total assets | $ | Total liabilities and shareholders equity | $ | |
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