Question
Use the accounts below for Black and Decker Ltd. to prepare a balance sheet in proper format as at December 31, 2019 Common shares $
Use the accounts below for Black and Decker Ltd. to prepare a balance sheet in proper format as at December 31, 2019
| Common shares | $ 149,900 |
| Cash | 1,083,200 |
| Bank loan payable (due 2025) | 1,715,000 |
| Accounts receivable | 832,800 |
| Prepaid expenses | 308,800 |
| Goodwill | 2,019,900 |
| Current liabilities | 1,195,900 |
| Inventory | 777,100 |
| Bonds payable (due 2030) | 1,285,200 |
| Property plant and equipment (net) | 473,400 |
| Retained earnings | 1,149,200 |
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Accounting and Auditing Research Tools and Strategies
Authors: Thomas Weirich, Thomas Pearson, Natalie Tatiana
9th edition
1119441915, 1119441919, 978-1-119-3737, 9781119373629 , 978-1119441915
