Problem 5-2

Presented below are a number of balance sheet items for Bramble, Inc., for the current year, 2017.

Goodwill		$ 127,730		Accumulated Depreciation-Equipment		$ 292,500
Payroll Taxes Payable		180,321		Inventory		242,530
Bonds payable		302,730		Rent payable (short-term)		47,730
Discount on bonds payable		15,500		Income taxes payable		101,092
Cash		362,730		Rent payable (long-term)		482,730
Land		482,730		Common stock, $1 par value		202,730
Notes receivable		448,430		Preferred stock, $10 par value		152,730
Notes payable (to banks)		267,730		Prepaid expenses		90,650
Accounts payable		492,730		Equipment		1,472,730
Retained earnings		?		Debt investments (trading)		123,730
Income taxes receivable		100,360		Accumulated Depreciation-Buildings		270,700
Notes payable (long-term)		1,602,730		Buildings		1,642,730

List of accounts:

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 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 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 Trading Securities Unearned Service Revenue Unearned Rent Revenue Unearned Subscriptions Revenue Withholding Taxes Payable Work-in-Process

BRAMBLE, INC. Balance Sheet Assets Liabilities and Stockholders' Equity