Cash Account Receivable Allowance for Doubtful Accounts Notes Receivable (due 20xx) Inventories @ $25/unit Long-term Investments in Warren Co. Land Building and Equipment Accumulated Depreciation's Copyrights Patents Trademarks Goodwill Deposits With Vendors Accounts Payable Income Taxes Payable Customer Deposits (expected to be paid in 20XX) 2% Notes Payable to Banks (due 20XX) Mortgage Payable ($2,780 per month) Twenty-year, 3% Bonds, Due 1/1/20XX Common Stock Additional Paid-In Capital Retained Earnings 45,300 165,700 2,650 16,000 315,250 95,630 125,000 1,120,000 350,000 112,000 219,335 115,000 225,000 47,200 200,500 42,340 375 26,000 667,200 600,000 544,850 40,000 127,500 4 Account Receivable 15 16 17 18 19 20 21 1,750,700 Cash 1,750,700 To record cash collected from customers) 5 Interest Expense 17,415 Cash 17,415 (To record for total interest paid) 6 Cash 25,650 Rental Revenue 25,650 To record for property leased using rental income) 23 24 25 26 27 28 29 30 31 32 7 Cash Loss on sale of building and equipment Accumulated Depreciation 59,200 35,800 25,000 Building and Equipment To record for disposal of the store) 120,000 8 Bad Debt Expense 9 Selling and Administrative expenses (To record for selling and administration expenses being paid) 10 Income tax Expense 522 Allowance for doubtful debts To record doubtful debts made 128,475 Cash (56,000 72,475 34 35 36 37 38 39 40 90,500 Cash To record for income tax being paid) 90,500 Cash Accounts Payable 1,268,000 Sales Revenue 45.300 1,750,700 25,650 56,000 1,124,450 17,415 90,500 43,435 59,200 200,500 1,776,816 Renfal Revenue 25,650 1,877,650 1,335,000 Cost of Goods Sold 240,000 542.650 Customer Deposits Accounts Receivable 165.700 Selling Expenses 28,475 375 165,700 Uncollectible Accounts Expense 522 Allowance for Doubtful Accounts Notes Payable Interest Expense 2.650 26,000 17.415 2,650 Notes Receivable Mortgage Payable Income Tax Expense K13 fi Notes Receivable 16,000 Mortgage Payable Income Tax Expense 667,200 667,200 Inventory Bonds Payable loss on Discontinued Ops 315,250 600,000 25,000 315,250 Long-term Investments 95,630 Interest Payable Income Taxes Payable 17415 42.340 17,415 42.-340 land Common Stock 25,000 544,850 Buildings and Equipment 1,120,000 1,120,000 Additional Paid-In Capital 40,000 Accumulated Depreciation Retained Earnings 127,500 350,000 0 350,000 Copyrights H Grading Rubrics Beginning 40 41 42 43 17,415 Land Common Stock 125,000 544,850 Buildings and Equipment 1,120,000 1,120,000 45 46 47 48 49 50 51 52 53 54 Additional Paid-In Capital 40,000 Accumulated Depreciation Retained Earnings 350,000 127,500 350,000 Copyrights 112,000 Trademarks 56 57 58 59 60 61 62 63 64 115,000 Goodwil 225,000 Deposits with Vendors 47,200 Patents 219,335 Cash Account Receivable Allowance for Doubtful Accounts Notes Receivable (due 20xx) Inventories @ $25/unit Long-term Investments in Warren Co. Land Building and Equipment Accumulated Depreciation's Copyrights Patents Trademarks Goodwill Deposits With Vendors Accounts Payable Income Taxes Payable Customer Deposits (expected to be paid in 20XX) 2% Notes Payable to Banks (due 20XX) Mortgage Payable ($2,780 per month) Twenty-year, 3% Bonds, Due 1/1/20XX Common Stock Additional Paid-In Capital Retained Earnings 45,300 165,700 2,650 16,000 315,250 95,630 125,000 1,120,000 350,000 112,000 219,335 115,000 225,000 47,200 200,500 42,340 375 26,000 667,200 600,000 544,850 40,000 127,500 4 Account Receivable 15 16 17 18 19 20 21 1,750,700 Cash 1,750,700 To record cash collected from customers) 5 Interest Expense 17,415 Cash 17,415 (To record for total interest paid) 6 Cash 25,650 Rental Revenue 25,650 To record for property leased using rental income) 23 24 25 26 27 28 29 30 31 32 7 Cash Loss on sale of building and equipment Accumulated Depreciation 59,200 35,800 25,000 Building and Equipment To record for disposal of the store) 120,000 8 Bad Debt Expense 9 Selling and Administrative expenses (To record for selling and administration expenses being paid) 10 Income tax Expense 522 Allowance for doubtful debts To record doubtful debts made 128,475 Cash (56,000 72,475 34 35 36 37 38 39 40 90,500 Cash To record for income tax being paid) 90,500 Cash Accounts Payable 1,268,000 Sales Revenue 45.300 1,750,700 25,650 56,000 1,124,450 17,415 90,500 43,435 59,200 200,500 1,776,816 Renfal Revenue 25,650 1,877,650 1,335,000 Cost of Goods Sold 240,000 542.650 Customer Deposits Accounts Receivable 165.700 Selling Expenses 28,475 375 165,700 Uncollectible Accounts Expense 522 Allowance for Doubtful Accounts Notes Payable Interest Expense 2.650 26,000 17.415 2,650 Notes Receivable Mortgage Payable Income Tax Expense K13 fi Notes Receivable 16,000 Mortgage Payable Income Tax Expense 667,200 667,200 Inventory Bonds Payable loss on Discontinued Ops 315,250 600,000 25,000 315,250 Long-term Investments 95,630 Interest Payable Income Taxes Payable 17415 42.340 17,415 42.-340 land Common Stock 25,000 544,850 Buildings and Equipment 1,120,000 1,120,000 Additional Paid-In Capital 40,000 Accumulated Depreciation Retained Earnings 127,500 350,000 0 350,000 Copyrights H Grading Rubrics Beginning 40 41 42 43 17,415 Land Common Stock 125,000 544,850 Buildings and Equipment 1,120,000 1,120,000 45 46 47 48 49 50 51 52 53 54 Additional Paid-In Capital 40,000 Accumulated Depreciation Retained Earnings 350,000 127,500 350,000 Copyrights 112,000 Trademarks 56 57 58 59 60 61 62 63 64 115,000 Goodwil 225,000 Deposits with Vendors 47,200 Patents 219,335