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The balance sheet account balances of the Damitio Inn at the end of 20X3 are as follows: $ Cash Accounts receivable Allowance for doubtful accounts
The balance sheet account balances of the Damitio Inn at the end of 20X3 are as follows: $ Cash Accounts receivable Allowance for doubtful accounts Food inventory Prepaid insurance Investments (long-term) Land Building Equipment Accumulated depreciation-building Accumulated depreciation-equipment Deferred income taxes, current assets Organization costs (unamortized) Accounts payable Wages payable Income taxes payable Current maturities of long-term debt Long-term debt Deferred income taxes (long-term liability) 10,000 150,000 10,000 50,000 12,000 100,000 300,000 14,000,000 800,000 2,500,000 200,000 50,000 50,000 50,000 20,000 30,000 80,000 9,920,000 150,000 500,000 1,000,000 1,062,000 Common stock Paid-in capital in excess of par Retained earnings Required: Prepare the balance sheet in accordance with the USALI
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