BA212 Financial Accounting II Capstone Project Account & Unadjusted Trial Balance data Income statement data: Advertising expense 150,000 Bad Debt Expense Cost of goods sold 3,500,000 Delivery expense 30,000 Depreciation expense-office buildings and equipment 30,000 Depreciation expense-store buildings and equipment 100,000 Gain (Loss) on asset disposal 1,933 140,500 Income tax expense Insurance expense Interest expense Interest revenue Miscellaneous administrative expense Miscellaneous selling expense Office rent expense Office salaries expense Office supplies expense Sales Sales commissions Sales salaries expense Store supplies expense 21,000 30,000 7,500 14,000 50,000 170,000 10,000 5,313,000 185,000 385,000 21,000 Balance sheet data: Accounts payable 194,300 Accounts receivable 545,000 Accumulated depreciation-office buildings and equipment 1,580,000 Accumulated depreciation-store buildings and equipment 4,126,000 Allowance for doubtful accounts 8,450 Bonds payable 500,000 Cash 217,650 Common stock, $20 par (400,000 shares authorized; 85,000 shares issued, 94,600 outstanding Cash dividends-common stock Cash dividends-preferred stock Dividends Payable - common stock Dividends Payable - preferred stock Goodwill Income tax payable Interest receivable Merchandise Inventory Land Office buildings 1,700,000 50,000 40,000 700,000 44,000 1,200 778,000 2,000,000 4,000,000 320,000 Office Equipment Paid-in capital-Treasury Stock Paid-in capital in excess of par-common stock 13,000 736,800 Paid-in capital in excess of par-preferred stock 170,000 Preferred 5% stock, $80 par (30,000 shares authorized; 16,000 shares issued) 1,280,000 Premium on bonds payable 19,000 Prepaid Insurance 30,000 Retained earnings 10,409,433 Store buildings 9,000,000 Store Equipment Treasury stock Unearned Revenues 3,560,000 178,200 112,000 1/2/21 Issued 15,000 shares of $20 par common stock at $30, receiving cash. 1/2/21 Issued 4,000 shares of $80 par preferred 5% stock at $100, receiving cash. 1/2/21 Issued $500,000 of 10-year, 5% bonds at 104, with interest payable semiannually. 3/14/21 Issued a 180-day, 5%, $50,000 note to a customer. The note was repaid in full including interest on the due date. Declared a quarterly dividend of $0.50 per share on common stock and $1.00 per share on preferred stock. On the date of record, 100,000 shares of common stock were outstanding, no treasury shares were held, and 20,000 shares of preferred stock were outstanding. 4/1/21 5/15/21 Paid the cash dividends declared in (d). 5/17/21 7/1/21 7/15/21 Purchased 8,000 shares of treasury common stock at $33 per share. Purchased Store equipment on account for $105,000, to be depreciated using the straight- line method over 7 years. Assume $0 Residual Value. Declared a $1.00 quarterly cash dividend per share on preferred stock. On the date of record, 20,000 shares of preferred stock had been issued. 8/31/21 Paid the cash dividends to the preferred stockholders. Collected the Note issue on March 14 9/10/21 9/12/21 9/19/21 Sold, at $38 per share, 2,600 shares of treasury common stock purchased May Issued a 60-day, 5%, $22,500 note to a customer The note issued on 9/19/21 was not collected, so the note was reclassified as Accounts Receivable, with accrued interest. 11/18/21 11/30/21 12/15/21 Sold Office equipment for $5,000. The equipment originally cost $32,000 when it was purchased on January 1, 2017, had no residual value, and was being depreciated using the straight-line method over 5 years. Disposed of obsolete Store equipment having an original cost of $15,000. The equipment is fully depreciated. Date Description Date Description XYZ CO. Joumal XYZ Co. Joumal Total page 1 Debit Credit page 2 Debit Credit