Arrange the following items in proper balance sheet presentation: Accumulated depreciation.................................................... $309,000 Retained earnings.................................................................. 187,000 Cash....................................................................................... 14,000
Question:
Arrange the following items in proper balance sheet presentation:
Accumulated depreciation.................................................... $309,000
Retained earnings.................................................................. 187,000
Cash....................................................................................... 14,000
Bonds payable....................................................................... 136,000
Accounts receivable.............................................................. 54,000
Plant and equipment—original cost..................................... 775,000
Accounts payable.................................................................. 35,000
Allowance for bad debts....................................................... 9,000
Common stock, $1 par, 100,000 shares outstanding............ 100,000
Inventory............................................................................... 70,000
Preferred stock, $59 par, 1,000 shares outstanding.............. 59,000
Marketable securities............................................................ 24,000
Investments........................................................................... 20,000
Notes payable........................................................................ 34,000
Capital paid in excess of par (common stock)..................... 88,000
Expert Answer:
Balance Sheet As On Dec Details Amt Assets Current Assets Cash 14000 Accounts Receivable 54... View the full answer
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
