FrapeetMT FNfica ation 2019 Assets /NET FHim Ae zo18 WAs $324600 $337,000 Cash $300,600 Accounts receivable (net) 609,600 704,400 865,800 Inventories 918,600 DEL KICIAHN Enpone he Zo1s W 8,400. Prepaid expenses 26,400 18,600 Z. Land 1,386,000 990,000 Buldings 990,000 1,980,000 Accumulated depreciation-buildings (366,000) 3. SEA LAMO Altont beles EqunenT Al Epn bels (397,200) Equipment 529,800 660,600 Accumulated depreciation-equipment: (162,000) (133,200) SER Total assets $4,217,400 $5,042,400 Liabilities and Stockholders' Equity 9z00 &DIv ioenss pr Accounts payable (merchandise creditors) $631,200 WAs $594,000 Income taxes payable 21,600 ACCOUNT Lana 26,400 ACEQUNT NG Bonds payable C Balance 330,000 Pebi Cradir pepit Cred Pute. Them Common stock, $20 par 180,000 320,000 Paid-in capital: Excess of issue price over par-common Jan. 1 belarce o 20 Realed $456,000 cash fram sae 810,000 950,000 356,ece9.000 stock Retained earmings 2.574.600 2.822.000 ACCOUNT NO. ACCOUNT Bullding Balance Total liabilities and stockholders' equity $4,217,400 $5,042,400 Dabit Credin Credt Date Ibem Debil Jan. 1Balance Apr. 20 Acquired fer cesh992,00 8,000 ACCOUNT Accumeted Depreciation-Suidings ACCOUNT NO. Balance Credit Debit) Cree pate Item Debit 66.000 397.28 Jan. 1 balance Dec. 3: Depreciation for year 31,200 ACCOUNT Equpent ACCOUNT NO. alande Debit Credit Debit Credt Item Dater 529.800 Jan. 1 halance Jan. 25 Ciscarded, ne salvages ,000 463,800 lseo.600 |196,800 Aug. 13 Purchased for canh ACCOUNT Accumalated Depreciation-Equipment ACCOUNT NO. Balonce Debit CreOt lDebnl Credto Itam Date 162 000 Jen. 1 alance Jan. 26 aupment dacanded Dec. 31 Depreciation far yeas s6, ros ,002 37200 133.200 FrapeetMT FNfica ation 2019 Assets /NET FHim Ae zo18 WAs $324600 $337,000 Cash $300,600 Accounts receivable (net) 609,600 704,400 865,800 Inventories 918,600 DEL KICIAHN Enpone he Zo1s W 8,400. Prepaid expenses 26,400 18,600 Z. Land 1,386,000 990,000 Buldings 990,000 1,980,000 Accumulated depreciation-buildings (366,000) 3. SEA LAMO Altont beles EqunenT Al Epn bels (397,200) Equipment 529,800 660,600 Accumulated depreciation-equipment: (162,000) (133,200) SER Total assets $4,217,400 $5,042,400 Liabilities and Stockholders' Equity 9z00 &DIv ioenss pr Accounts payable (merchandise creditors) $631,200 WAs $594,000 Income taxes payable 21,600 ACCOUNT Lana 26,400 ACEQUNT NG Bonds payable C Balance 330,000 Pebi Cradir pepit Cred Pute. Them Common stock, $20 par 180,000 320,000 Paid-in capital: Excess of issue price over par-common Jan. 1 belarce o 20 Realed $456,000 cash fram sae 810,000 950,000 356,ece9.000 stock Retained earmings 2.574.600 2.822.000 ACCOUNT NO. ACCOUNT Bullding Balance Total liabilities and stockholders' equity $4,217,400 $5,042,400 Dabit Credin Credt Date Ibem Debil Jan. 1Balance Apr. 20 Acquired fer cesh992,00 8,000 ACCOUNT Accumeted Depreciation-Suidings ACCOUNT NO. Balance Credit Debit) Cree pate Item Debit 66.000 397.28 Jan. 1 balance Dec. 3: Depreciation for year 31,200 ACCOUNT Equpent ACCOUNT NO. alande Debit Credit Debit Credt Item Dater 529.800 Jan. 1 halance Jan. 25 Ciscarded, ne salvages ,000 463,800 lseo.600 |196,800 Aug. 13 Purchased for canh ACCOUNT Accumalated Depreciation-Equipment ACCOUNT NO. Balonce Debit CreOt lDebnl Credto Itam Date 162 000 Jen. 1 alance Jan. 26 aupment dacanded Dec. 31 Depreciation far yeas s6, ros ,002 37200 133.200