Problem 119

Accounts Payable Accounts Receivable Accrued Liabilities Accumulated Depreciation-Building Accumulated Depreciation-Equipment Advances to Employees Allowance for Doubtful Accounts Bonds Payable Bond Sinking Fund Buildings Cash Cash Surrender Value of Life Insurance Common Stock Construction in Process Copyrights Debt Investments Dividends Payable Discount on Bonds Payable Equipment Equity Investments Finished Goods Inventory Franchises Goodwill Income Tax Payable Income Tax Receivable Interest Payable Interest Receivable Inventory Investments in Common Stock Investments in Stocks and Bonds Land Notes Payable Notes Receivable Noncontrolling Interest Paid-in Capital in Excess of Par - Common Stock Paid-in Capital in Excess of Par - Preferred Stock Patents Payroll Tax Expense Payroll Taxes Payable Pension Asset/Liability Pension Obligation Plant Assets Premium on Bonds Payable Preferred Stock Prepaid Advertising Prepaid Insurance Prepaid Expenses Prepaid Rent Raw Materials Rent Payable Restricted Cash Retained Earnings Salaries and Wages Payable Supplies Timberland Treasury Stock Trademarks Unearned Service Revenue Unearned Rent Revenue Unearned Subscriptions Revenue Work-in-Process

Problem 119 Given the following account information for Leong Corporation. 58,600 Equipment 2,570 Interest Expense Interest Payable 550 Retained Earnings Dividends 48,760 135,780 Land Accounts Receivable 100,560 78,860 Bonds Payable Notes Payable (due in 6 months) 28,080 67,820 Common Stock Accumulated Depreciation Equip. 11,730 5,110 Prepaid Advertising 335,450 Service Revenue 78,740 Buildings 1,800 Supplies 3,130 Income Taxes Payable Utilities Expense 1,460 1,590 Advertising Expense Salaries and Wages Expense 54,110 890 Salaries and Wages Payable Accumulated Depr. Bld. 15,030 44,300 Cash 8,160 Depreciation Expense