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please preare the balance sheets for the following question s 3.28 & 3.29 hairline fracture in the company product 3.28 Prepare a balance sheet in
please preare the balance sheets for the following question s 3.28 & 3.29
hairline fracture in the company product 3.28 Prepare a balance sheet in report form from the following account information on December 31, 1985: Organization Costs $14,000 Marketable Securities $33,000 Building 80,000 Inventory 22,000 Patent 19,000 Accounts Payable 39,000 Cash 25.000 Accounts Receivable 24,000 Investment in GM Stock (long-term) 42,000 Land Equipment 18,000 Notes Payable (long-term) 15,000 Notes Payable (short-term) 70,000 Bonds Payable 50,000 Treasury Stock ? Common Stock 90,000 Sinking Fund 31,000 Paid-in Capital in Excess of Par 50,000 Retained Earnings 60,000 46,000 3.29 Prepare a balance sheet in account form from the following account information on December 31, 19X2: Plant Rearrangement Costs $7,000 Accounts Payable $28,000 Machinery 36,000 Bond Payable 63,000 Land (held for speculation) 85,000 Common Stock 70,000 Copyright 17,000 Taxes Payable 20,000 Cash 21,000 Building 65,000 Bond Investment (long-term) 5,000 Accounts Receivable 12,000 Marketable Securities 9,000 Treasury Stock 26,000 Notes Payable (in 19 months) 40,000 Plant Rearrangement Costs ? Retained Earnings 40,000 Paid-in Capital in Excess of Par 3,000 Step by Step Solution
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