Role o P 2-3 Adjusting entries LO2-6 Pastina Compan year-end is Dece Hii Q The Role of Accounting as an information System So balance in counts receivable is net of an allowance for uncollectible accounts of $8.000 come to count represents 100,000 shares of no par value common stock issued and outstanding operation has 500,000 shares authorized 343 se a classified balance sheet for the Alway Corporation December 31, 2021. Include headings for cach fication, as well as titles for each classifications subtotal. An example of a classified balance sheet can be in the Concept Review Exercise at the end of Part of this chapter blowing is the ending balances of accounts at December 31, 2021. for the Wermuller Publishing Company, Account Title Debits Credits Cash $ 65,000 Accounts receivable 160.000 Inventory 285,000 Prepaid expenses 148.000 Equipment 320.000 Accumulated depreciation $ 110.000 Investments 140.000 Accounts payable 50,000 Interest payable 20,000 Deferred revenue 20.000 Income taxes payable 30.000 Notes payable 200.000 Allowance for uncollectible accounts 15.000 Common stock 400,000 Ruined carings 202.000 $1,118,000 $1,118,000 30 31 32 33 34 35 36 38 39 42 43 44 45 46 47 Home Info paid expenses include 120.000 paid on December 31, 21. for two-year use on the building the was both the wave offices and the mufacturing tacy westom doden Tylls perched The Wory 02. The maig 511000 hects well as the most pewn customer Superiode or le Wolpe comme Page 1125 - A esc 30 888 F 05 # ! 1 $ > 2 w 3 4 6 Role o P 2-3 Adjusting entries LO2-6 Pastina Compan year-end is Dece Hii Q The Role of Accounting as an information System So balance in counts receivable is net of an allowance for uncollectible accounts of $8.000 come to count represents 100,000 shares of no par value common stock issued and outstanding operation has 500,000 shares authorized 343 se a classified balance sheet for the Alway Corporation December 31, 2021. Include headings for cach fication, as well as titles for each classifications subtotal. An example of a classified balance sheet can be in the Concept Review Exercise at the end of Part of this chapter blowing is the ending balances of accounts at December 31, 2021. for the Wermuller Publishing Company, Account Title Debits Credits Cash $ 65,000 Accounts receivable 160.000 Inventory 285,000 Prepaid expenses 148.000 Equipment 320.000 Accumulated depreciation $ 110.000 Investments 140.000 Accounts payable 50,000 Interest payable 20,000 Deferred revenue 20.000 Income taxes payable 30.000 Notes payable 200.000 Allowance for uncollectible accounts 15.000 Common stock 400,000 Ruined carings 202.000 $1,118,000 $1,118,000 30 31 32 33 34 35 36 38 39 42 43 44 45 46 47 Home Info paid expenses include 120.000 paid on December 31, 21. for two-year use on the building the was both the wave offices and the mufacturing tacy westom doden Tylls perched The Wory 02. The maig 511000 hects well as the most pewn customer Superiode or le Wolpe comme Page 1125 - A esc 30 888 F 05 # ! 1 $ > 2 w 3 4 6
