Outaouais Inc. reports the following selected accounts (in thousands) at January 31, 2018: Instructions Prepare the assets
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Instructions
Prepare the assets section of Outaouais's statement of financial position.
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Accounts payable Accounts receivable, gross Accumulated depreciation-buildings Accumulated depreciation-equipment Allowance for doubtful Bad debts expense Bank indebtedness Buildings Cost of goods sold Equipment Goodwill $2,857 Income tax receivable $ 20 35 3,000 200 0 135 Notes receivable (non-current)300 1,000 29,000 800 0 2,468 Interest revenue 250 Inventory 375 Land 268 Notes receivable (current) accounts 100 Notes payable (current) 1,000 Sales 19,000 Sales returns and allowances 750 Supplies 100
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Financial Accounting Tools for Business Decision Making
ISBN: 978-1119368458
7th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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