Problem #5 Chapter 4

The following year-end adjusted trial balance is for Tom Jones Co. at the end of December 31. The credit balance in Tom Jones, Capital at the beginning of the year, January 1, was $320,000. The owner, Tom Jones, invested an additional $300,000 during the current year. The land held for future expansion was also purchased during the current year.

Here is my answer but I'm not sure it is correct, can you please check.

Tom Jones Company
Classified Balance Sheet
December 31, 2013
Assets
Cash		$90,000.00
Accounts Recievable		$18,000.00
Prepaid Insurance		$6,000.00
Office Supplies		$2,000.00
Investment in Stocks		$150,000.00
Total current Assets		$266,000.00
Office Equipment	$18,000.00
less Accumulated deprieciation-eqp	-$4,000.00
Net Office Equipment		$14,000.00
Building	$350,000.00
Accumulated deprieciation-bldg	-$170,000.00
Net Building		$180,000.00
Intangable Assets-Licensing Agreement		$50,000.00
Land Held for Future Expansion		$300,000.00
Land		$250,000.00
Other non-current assets		$16,400.00
Non- current Assets		$810,400.00
Total Assets		$1,076,400.00
Liabilities and Sharehlders Equity
Liabilities
Accounts Payable		$17,800.00
Salaries Payable		$8,500.00
Interest Payable		$7,900.00
Note Installment Payable		$22,000.00
Total Current Liabilities		$56,200.00
Long Term Payable Note		$202,000.00
Total Liabilities		$258,200.00
Equity
Tom Janes Capital	$620,000.00
Tom Janes Withdrawls	-$60,000.00
Tom Janes, Equity		$560,000.00
Total Equity		$818,200.00
Total Liabilites And Equity		$1,076,400.00