Presented below is the trial balance of Vivaldi SpA at December 31, 2019. Instructions Prepare a statement
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Instructions
Prepare a statement of financial position at December 31, 2019, for Vivaldi SpA. (Ignore income taxes.)
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Debit Credit Cash € 197,000 € 7,900,000 Sales Revenue Trading Securities (at cost, €145,000) 153,000 Cost of Goods Sold 4,800,000 Long-term Investments in Bonds 299,000 Long-term Investments in Shares 277,000 Notes Payable (short-term) 90,000 455,000 Accounts Payable Selling Expenses 2,000,000 Investment Revenue 63,000 Land 260,000 Buildings 1,040,000 Dividends Payable 136,000 Accrued Liabilities 96,000 Accounts Receivable 435,000 Accumulated Depreciation-Buildings 352,000 Allovance for Doubtful Accounts 25,000 Administrative Expenses 900,000 Interest Expense 211,000 Inventory 597,000 Pension Liability (long-term) Notes Payable (long-term) 80,000 900,000 Equipment 600,000 Bonds Payable 1,000,000 Accumulated Depreciation-Equipment 60,000 Franchises 160,000 Share Capital-Ordinary (€5 par) Treasury Shares 1,000,000 191,000 Patents 195,000 Retained Eamings 78,000 Accumulated Other Comprehensive Income 80,000 Total €12,315,000 €12,315,000
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Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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