Question
Please arrange the following accounts for a balance sheet of Dogs R Us Inc . for Dec 31, 2019 Common stock $ 20,000 Notes Payable
Please arrange the following accounts for a balance sheet of Dogs R Us Inc. for Dec 31, 2019
Common stock $ 20,000
Notes Payable ( 41,000
Equipment 70,000
Cash 5,000
Office Supplies 600
Unearned Revenue 400
Additional Paid In Capital 30,000
Buildings 90,000
Accounts Receivable 16,000
Land 20,000
Interest Payable 200
Inventory 24,000
Allowance for Uncollectable Accounts 5,000
Franchise 4,500
Investment 18,100
Accumulated depreciation Buildings 10,000
Accumulated depreciation equipment 62,000
Accounts Payable 2,700
Retained Earnings 5,000
Trading Securities at fair value 700
Prepaid Rent 200
Bonds Payable 60,300
Income Tax Payable 1,500
Accumulated Other Comprehensive Income 11,000
Addition data: Notes Payable consist of $1,000 note due in March 2020 and a $40,000 note due in 2025
Bonds Payable consist of $60,000 that comes due in Dec 2022, the rest is due 2020. Investments: Long term Investments of $15,000 will be held until Nov 2020 when they can be traded. The rest is held to maturity in 2024. A/R present A/R as a net figure on the balance sheet.
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