AutoSave OFF ES5 2 chapter 5 Accounting Question Home Insert Draw Page Layout Formulas Data Review View Tell me Share Comments K15 A XV fx B D E F G H 1 J j L M N 0 o R s T U v w X Y 9 1 Chapter 5 2 3 Please complete the classifed balance sheet based on the following trial balance 4 Debit Credit 5 Cash $ 167,000.00 6 Sales Revenue $ 1,500,000.00 7 Debt Investments (trading) at cost $120,000 $ 160,000.00 8 Cost of Goods Sold $ 500,000.00 9 Debt Investments (long term) $ 550,000.00 10 Equity Investment (long term) $ 300,000.00 11 Notes Payable (short Term) $ 300,000.00 12 Accounts Payable $ 700,000.00 13 Investment Revenue $ 30,000.00 14 Selling Expense $ 200,000.00 15 Buildings $ 1,200,000.00 16 Land $ 500,000.00 17 Dividends Payable $ 210,000.00 18 Accrued Liabilities $ 350,000.00 19 Accounts Recievable $ 500,000.00 20 Allowance for Doubtful Accounts $ 50,000.00 21 Accumulated Depreciation -Building $ 300,000.00 22 Administrative Expense $ 100,000.00 23 Interest Expense $ 50,000.00 24 Gain $ 70,000.00 25 Inventory $ 625,000.00 26 Notes Payable (long-term) $ 600,000.00 27 Bonds Payable $ 900,000.00 28 Equipment $ 680,000.00 29 Accumulated Depreciation - Equipment $ 260,000.00 30 Common Stock ($4 par) $ 400,000.00 31 Franchises $ 240,000.00 32 Treasury Stock $ 138,000.00 33 Patents $ 160,000.00 34 Retained Earnings $ 35 Paid-in-Capital in Excess of Par $ 400,000.00 36 Total $ 6,070,000.00 $ 6,070,000.00 37 38 39 40 Put these numbers into the classifed balance sheet format similar to exercise 5-12 and illustation 5-16 on page 5-15 41 42 43 44 45 46 47 48 Sheet1 + Ready + 100%