Question
The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation. Credits ok k) Account Title Cash Short-term investments
The following is the ending balances of accounts at December 31, 2021, for the Vosburgh
Electronics Corporation.
Credits
ok
k)
Account Title
Cash
Short-term investments
Accounts receivable
Long-term investments
Inventory
Receivables from employees
Prepaid expenses (for 2022)
Land
Building
Equipment
Patent (net)
Franchise (net)
Notes receivable
Interest receivable
Accumulated depreciation-building
Accumulated depreciation-equipment
accounts payable
Davidends payable (payable on 1/16/2022)
Interest payable
Incorre Taxes payable
Deferred retenue
Notes payable
Allowance for collectible accounts
CCT : gic
Retained earnings
Debits
87,000
202,000
143,000
45,000
225,000
50,000
26,000
290,000
1,650,000
647,000
162,000
50,000
300,000
22,000
ences
630,000
220,000
199,000
20,000
26,000
50,000
70,000
320,000
18,000
2,040,000
306,000
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Corporate Financial Reporting And Analysis
Authors: S David Young, Jacob Cohen, Daniel A Bens
4th Edition
111949463X, 9781119494638
