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4 3. Problem 1 - Place the following information into a proper balance sheet 10 points 6 Use dollar signs and double underlines where needed 7 6 Cash $ 20.500 9 l Accounts Receivable 5,000 10 Inventory 2000 11 Estimated Returns Inventory 100 12 Office Supplies 500 13 Prepaid Insurance 400 14 Office Equipment 12 000 15 Less Accumulated Depreciation 3,000 16 Store Equipment 15,000 17 Less Accumulated Depreciation 4,000 18 Accounts Payable 15,000 19 Salaries Payable 1,000 Customer Refunds Payable 500 Notes Payable (current portion) 5,000 22 Notes Payable (final payment due in 2050 15 000 23. Common Stock 9.000 Retained Earnings 3.000 22 Wo Jones Company Balance Sheet For The Year Ended December 31, 20 x Assets Current assets 35 38 40 Property, plant and equipment 14 7 40 1 Cuenta Liabilites a Long-term basties Stockholders' Equity 4 Sheet D Problem 2 - Place the following information into a Multistep Income Statement 10 Points 2 Use dollar signs and double underlines where needed 14 25 Sales 76 Interest Revenue Sales salaries Exp Selling times and Rent Ex To Sering Misc. Exp. Store Equipment Depreciation on Administrative Salaries Exp Administrative Utilities & Rent Exp Administrative Misc Exp di lotice Equipment Depreciation Interest Expense Cost of Goods Sok 35,000 2.000 5,000 3000 1.000 200 6,000 2.000 1000 300 1.000 10,000 00 Smith Company Income Stalement For the Year Ended December 31, 2011 99 ic tea 07 10 10 110 1 Problem 3 - Complete the following Bank Reconciliation 10 points Ending Bce on Bank Statement Ending Biance on Depositor's Records Codection Notes Hec netes Incon Rex Outstanding check Deposits in Transit 20.000 13.000 2000 1,000 ZODO 2,000 1,000 Compete in towing form Shea Problem 3 - Complete the folowing Bank Reconciliation 10 points Endine Balance on Bank Statement Ending Balance on Depositor's Records a Colection Notes Rec terest income on Note Rec en Outstanding Checks Deports in Trans Service Charge 20 000 8000 7.000 1.000 2000 2000 1.000 Complete in the following form Problem. Perpetual System 20 porsche Complete the following using the perpetust System And the foot have started with the begin vertory of 10 519 and refrst purchase of 15 of 512 Renere le bug and eventory down Send phases for the restore moet wees 5. May Gods 10 May Phase 5 unit @ 17 20 May 50 12 units 25-Way Sounds Purchase Date Coat Total int Ending way Cost Total SNY 123 195 100 11 Purch UN 1922 TO 100 Sheet1