Outaouais Inc. reports the following selected accounts (in thousands) at January 31, 2015: Instructions Prepare the assets
Question:
Outaouais Inc. reports the following selected accounts (in thousands) at January 31, 2015:
Instructions
Prepare the assets section of Outaouais's statement of financial position.
Transcribed Image Text:
Accounts payable Accounts recelvable, gross Accumulated depreclation-buildings Accumulated depreclation-equipment Allowance for doubtful accounts Bank Indebtedness Bad debts expense Buildings Cost of goods sold Equipment Goodwill $ 2,857 2,468 250 375 268 100 135 1,000 19,000 750 100 Income tax recetvable Interest revenue Land s 20 35 200 3,000 50 300 1,000 29,000 800 50 Merchandise Inventory Notes recelvable (current) Notes recelvable (non-current) Notes payable (current) Sales Sales returns and allowances
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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