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Debit Balances 2012 2011 Cash 70,000 51,000 Accounts Receivable 155,000 130,000 Inventory 75,000 61,000 Investments (Available-for-sale) 55,000 85,000 Equipment 70,000 48,000 Buildings 145,000 145,000 Land
| Debit Balances | 2012 | 2011 | ||||
| Cash | 70,000 | 51,000 | ||||
| Accounts Receivable | 155,000 | 130,000 | ||||
| Inventory | 75,000 | 61,000 | ||||
| Investments (Available-for-sale) | 55,000 | 85,000 | ||||
| Equipment | 70,000 | 48,000 | ||||
| Buildings | 145,000 | 145,000 | ||||
| Land | 40,000 | 25,000 | ||||
| Totals | 610,000 | 545,000 | ||||
| Credit Balances | ||||||
| Allowance for Blubtful Accounts | 10,000 | 8,000 | ||||
| Accumulated Depreciation-Equipment | 21,000 | 14,000 | ||||
| Accumulated Depreciation-Buildings | 37,000 | 28,000 | ||||
| Accounts Payable | 66,000 | 60,000 | ||||
| Income Taxes Payable | 12,000 | 10,000 | ||||
| Long-Term Notes Payable | 62,000 | 70,000 | ||||
| Common Stock | 310,000 | 260,000 | ||||
| Retained Earnings | 92,000 | 95,000 | ||||
| Totals | 610,000 | 545,000 | ||||
| using comparative analysis please provide an explanation toward your answers | ||||||
| please show all calculations | ||||||
| Sharp Company comparative balance sheet december 31 | ||||||
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