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please helpme out!! i will only give postive feedback !! thank yiu in advance and i appreciate uour help!! Exercise 5-12 Presented below is the
please helpme out!! i will only give postive feedback !! thank yiu in advance and i appreciate uour help!!
Exercise 5-12 Presented below is the trial balance of Vivalds Corporation at December 31, 2012 Debit Credit 1,902, 140 212,580 901,580 99,140 279.140 100.980 599,140 604.980 1.002.140 301,140 160.000 439.980 Accounts Notes Payablo (long-term) Interest Expense Administrative Expenses Dividend Equity Investments (short-term AFS) Accrued abilities Inventory Equipment Bonds Payable Debt Investments (long-term) Franchises Accounts Receivable Accumulated Depreciation -- Buildings Current portion of Bonds payable Paid-in Capital in Excess of Par Allowance for Doubtful Accounts Land Land held for speculation Patents Accounts Payable Selling Expenses Buildings Goodwill Impairment of goodwill Accumulated Depreciation-Equipment Investment Revenue Dividends Payable Sales Common Stock (55 par) 352,000 344,980 2,463,120 29,980 250,000 12,000 195,000 459.980 2.004.980 1,042,140 3.400.000 12000 80.000 64,580 98,140 $8.904.980 100,000 1.02.140 3.400.000 12000 Buildings Good impairment of goodwe Accumulated Depreciation-Equipment Investment Revenue Dividends Payable Sales Common Stock ($par 60.000 64.580 98.140 $8.904.980 100.000 80,140 Retnined Earings, Beginning balance Cost of Goods Sold Treasury Stock Debt Investments (trading) cost $145,000) Cash Gain on Sale of building Accumulated other comprehensive income Tax expense Total 4.804.980 195.980 157.580 161.000 81.580 8.000 250.000 16.092.740 16.092.740 Calculate ending retained earnings and prepare a classified balance sheet at December 31, 2012, for Vivaldi Corporation ignore income taxes Step by Step Solution
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