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How do I get accounts payable and dividend revenue for long-term liabilities for a balance sheet? Advertising expense $ 150,000 Cost of merchandise sold 3,700,000
How do I get accounts payable and dividend revenue for long-term liabilities for a balance sheet?
| Advertising expense | $ 150,000 |
| Cost of merchandise sold | 3,700,000 |
| Delivery expense | 30,000 |
| Depreciationexpense-officebuildingsandequipment | 30,000 |
| Depreciationexpense-storebuildingsandequipment | 100,000 |
| Dividend revenue | 4,500 |
| Gain on sale of investments | 4,980 |
| IncomefromPinkberry Co.investment | 76,800 |
| Income tax expense | 140,500 |
| Interest expense | 21,000 |
| Interest revenue | 2,720 |
| Miscellaneous administrative expense | 7,500 |
| Miscellaneous selling expense | 14,000 |
| Office rent expense | 50,000 |
| Office salaries expense | 170,000 |
| Office supplies expense | 10,000 |
| Sales | 5,254,000 |
| Sales commissions | 185,000 |
| Sales salaries expense | 385,000 |
| Store supplies expense | 21,000 |
| Accounts payable | $ 194,300 |
| Accounts receivable | 545,000 |
| Accumulated depreciationoffice buildings and equipment | 1,580,000 |
| Accumulated depreciationstore buildings and equipment | 4,126,000 |
| Allowance for doubtful accounts | 8,450 |
| Available-for-sale investments (at cost) | 260,130 |
| Bonds payable, 5%, due 2024 | 500,000 |
| Cash | 246,000 |
| Common stock, $20 par | |
| (400,000sharesauthorized;100,000sharesissued,94,600outstanding) | 2,000,000 |
| Dividends: | |
| Cash dividends for common stock | 155,120 |
| Cash dividends for preferred stock | 100,000 |
| Goodwill | 500,000 |
| Income tax payable | 44,000 |
| Interest receivable | 1,125 |
| InvestmentinPinkberryCo.stock(equitymethod) | 1,009,300 |
| Investment in Dream Inc. bonds (long term) | 90,000 |
| Merchandise inventory (December 31, 2016), | |
| at lower of cost (FIFO) or market | 778,000 |
| Office buildings and equipment | 4,320,000 |
| Paid-in capital from sale of treasury stock | 13,000 |
| Excess of issue price over par: | |
| -Common | 886,800 |
| -Preferred | 150,000 |
| Preferred 5% stock, $80 par | |
| (30,000 shares authorized; 20,000 shares issued) | 1,600,000 |
| Premium on bonds payable | 19,000 |
| Prepaid expenses | 27,400 |
| Retained earnings, January 1, 2016 | 9,319,725 |
| Store buildings and equipment | 12,560,000 |
| Treasury stock | |
| (5,400sharesofcommonstockatcostof$33pershare) | 178,200 |
| Unrealizedgain(loss)onavailable-for-saleinvestments | (6,500) |
| Valuation allowance for available-for-sale investments | (6,500) |
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
