Presented below is the trial balance of Vivaldi Corporation at December 31, 2015. Instructions Prepare a statement
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Presented below is the trial balance of Vivaldi Corporation at December 31, 2015.
Instructions Prepare a statement of financial position at December 31, 2015, for Vivaldi Corporation. (Ignore income taxes.)
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Cash Sales Revenue Trading Securities (at cost, 145,000) Cost of Goods Sold Debit 197,000 153,000 4,800,000 Credit 7,900,000 Long-term Investments in Bonds Long-term Investments in Shares Notes Payable (short-term) Accounts Payable Selling Expenses Investment Revenue 299,000 277,000 90,000 455,000 2,000,000 63,000 Land Buildings Dividends Payable 260,000 1,040,000 136,000 Accrued Liabilities 96,000 Accounts Receivable 435,000 Accumulated Depreciation-Buildings 352,000 Allowance for Doubtful Accounts 25,000 Administrative Expenses 900,000 Interest Expense 211,000 Inventory 597,000 Pension Liability (long-term) 80,000 Notes Payable (long-term) Equipment Bonds Payable Accumulated Depreciation-Equipment Franchises Share Capital-Ordinary (5 par) 900,000 600,000 1,000,000 60,000 160,000 1,000,000 Treasury Shares 191,000 Patents 195,000 Retained Earnings 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 Edition
ISBN: 9781118443965
2nd Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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