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Credit Debit $ 198,500 Cash Sales 8,104,040 Debt Investments (trading) (cost, $145,000) 157,040 Cost of Goods Sold 4,800,000 Debt Investments (long-term) 300,500 Equity Investments (long-term)
Credit Debit $ 198,500 Cash Sales 8,104,040 Debt Investments (trading) (cost, $145,000) 157,040 Cost of Goods Sold 4,800,000 Debt Investments (long-term) 300,500 Equity Investments (long-term) 278,500 Notes Payable (short-term) 94,040 Accounts Payable 459,040 Selling Expenses 2,004,040 66,950 Investment Revenue Land 264,040 Buildings 1,041,500 Dividends Payable 137,500 Accrued Liabilities 100,040 Accounts Receivable 439,040 Accumulated Depreciation-Buildings 152,000 Allowance for Doubtful Accounts 29,040 Administrative Expenses 903,950 Interest Expense 214,950 598,500 Inventory Gain (extraordinary) 83,950 Notes Payable (long-term) 901,500 Equipment 604,040 Bonds Payable 1,001,500 Accumulated Depreciation-Equipment 60,000 Franchises 160,000 Common Stock ($5 par) 1,004,040 Treasury Stock 195,040 Patents 195,000 Retained Earnings 79,500 81,500 Paid-in Capital in Excess of Par $12,354,640 $12,354,640 Totals WILDHORSE CORPORATION Balance Sheet Assets . -1-.- Liabilities and Stockholders' Equity
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