westments and Fair Value Accounting Cases & Projects CP 15-1 Ethics in often be valued u instruments that Depreciation s and equipment Dividend revenue Gain on sale of investment what Income from Pinkberry Co Income tax expense 21,000 Interest expense 2,720 4,000 170,000 5,254,000 Macelianeous administrative expense Miscellaneous selling espense Office rent expense Office salaries expense Office supplies expense Sales the Sales commissions Sales salaries expense Prom t 21,000 Store supples expense Retained earnings and balance sheet data 5 194300 Accounts receivable Accumulated depreclation-office buildings and equipment Accumulated depreciation-shore buildings and equipment4126,000 Allowance for doubtful accounts Available-for-sale investments (at cost) Bonds payable, 5%,due 2012 Common stock, $20 par (400,000 shares authorized 100,000 shares issued, 94,600 outstanding) Dividends: Cash dividends for common stock Cash dividends for preferred stock 100,000 Income tax payable Interest receivable 1,125 1,009300 Investment in Pinkberry Co. stock (equity method) Investment in Dream Inc. bonds (long term) Merchandise inventory (December 31, Year 1), at lower of cost (FIFO) or market Office buildings and equipment Paid-in capital from sale of treasury stock Excess of issue price over par-common stock Excess of issue price over par-preferred stock Preferred 5% stock, S80 part3o,000 shares authorized 4320,000 13,000 150,000 20,000 shares issued) Premium on bonds payable Prepaid expenses Retained earnings, January 1, Year 1 Store buildings and equipment Treasury stock (5,400 shares of common stock at cost of 1,600,000 19,000 27.400 9,319,725 12,560,000 533 per sharel Unrealized gain (loss) on available-for-sale investments Valuation allowance for available-for-sale investments 178,200 (6,500) westments and Fair Value Accounting Cases & Projects CP 15-1 Ethics in often be valued u instruments that Depreciation s and equipment Dividend revenue Gain on sale of investment what Income from Pinkberry Co Income tax expense 21,000 Interest expense 2,720 4,000 170,000 5,254,000 Macelianeous administrative expense Miscellaneous selling espense Office rent expense Office salaries expense Office supplies expense Sales the Sales commissions Sales salaries expense Prom t 21,000 Store supples expense Retained earnings and balance sheet data 5 194300 Accounts receivable Accumulated depreclation-office buildings and equipment Accumulated depreciation-shore buildings and equipment4126,000 Allowance for doubtful accounts Available-for-sale investments (at cost) Bonds payable, 5%,due 2012 Common stock, $20 par (400,000 shares authorized 100,000 shares issued, 94,600 outstanding) Dividends: Cash dividends for common stock Cash dividends for preferred stock 100,000 Income tax payable Interest receivable 1,125 1,009300 Investment in Pinkberry Co. stock (equity method) Investment in Dream Inc. bonds (long term) Merchandise inventory (December 31, Year 1), at lower of cost (FIFO) or market Office buildings and equipment Paid-in capital from sale of treasury stock Excess of issue price over par-common stock Excess of issue price over par-preferred stock Preferred 5% stock, S80 part3o,000 shares authorized 4320,000 13,000 150,000 20,000 shares issued) Premium on bonds payable Prepaid expenses Retained earnings, January 1, Year 1 Store buildings and equipment Treasury stock (5,400 shares of common stock at cost of 1,600,000 19,000 27.400 9,319,725 12,560,000 533 per sharel Unrealized gain (loss) on available-for-sale investments Valuation allowance for available-for-sale investments 178,200 (6,500)
