Question
Dawson Company's balance sheet information at the end of 2016 and 2017 is as follows: 2016 2017 Current assets $ (a) $25,000 Long-term liabilities (b)
Dawson Company's balance sheet information at the end of 2016 and 2017 is as follows:
| 2016 | 2017 | |
| Current assets | $ (a) | $25,000 |
| Long-term liabilities | (b) | 34,900 |
| Total contributed capital | (c) | (g) |
| Long-term investments | 19,200 | (h) |
| Retained earnings | 50,300 | 58,100 |
| Total liabilities | (d) | (i) |
| Intangible assets | 10,400 | 9,000 |
| Current liabilities | 14,500 | 13,000 |
| Common stock, $5 par | (e) | 20,000 |
| Total assets | 141,800 | (j) |
| Additional paid-in capital | 15,000 | (k) |
| Property, plant, and equipment (net) | 85,700 | 92,800 |
| Accumulated other comprehensive income | 7,000 | 8,000 |
| Total shareholders' equity | (f) | (l) |
Additional information: The company did not issue any common stock during 2017.
Required:
Prepare the correct balance sheet. All the necessary information is provided. (Hint: It is not necessary to calculate your answers in alphabetical order.)
| DAWSON COMPANY | ||
| Balance Sheet | ||
| December 31 | ||
| 2016 | 2017 | |
| Assets | ||
| $ | $ | |
| $ | $ | |
| Liabilities | ||
| $ | $ | |
| $ | $ | |
| Shareholders Equity | ||
| $ | $ | |
| $ | $ | |
| $ | $ | |
| $ | $ | |
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Security Of Computerisation In Accounting And Auditing System
Authors: M.S. Baghel
1st Edition
8178801132, 978-8178801131
