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Problem 23-6 Comparative balance sheet accounts of Flint Inc. are presented below FLINT INC. COMPARATIVE BALANCE SHEET ACCOUNTS AS OF DECEMBER 31, 2017 AND 2016
Problem 23-6 Comparative balance sheet accounts of Flint Inc. are presented below FLINT INC. COMPARATIVE BALANCE SHEET ACCOUNTS AS OF DECEMBER 31, 2017 AND 2016 December 31 2017 2016 Debit Accounts Cash Accounts Receivable Inventory Equity investments Machinery Buildings Land $33,900 60,300 24,100 38,900 18,700 55,700 7,600 $270,900 $239,200 $42,400 70,600 30,100 22,000 30,300 67,900 7,600 Credit Accounts Allowance for Doubtful Accounts Accumulated Depreciation-Machinery Accumulated Depreciation-Buildings Accounts Payable Accrued Payables Long-Term Notes Payable Common Stock, no-par Retained Earnings $1,500 2,200 8,900 24,500 2,600 30,800 125,000 43,700 $270,900 $239,200 $2,300 5,600 13,500 34,700 3,500 21,000 150,000 40,300 Additional data (ignoring taxes)
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