. EASTON INC. COMPARATIVE BALANCE SHEET ACCOUNTS AS OF DECEMBER 31, 2017 AND 2016 Cash Accounts receivable....

.

Transcribed Image Text:

EASTON INC. COMPARATIVE BALANCE SHEET ACCOUNTS AS OF DECEMBER 31, 2017 AND 2016 Cash Accounts receivable. Inventory Investments (available-for-sale). Land Buidings Equipment Total debits Allowance for doubtful accounts Accumulated depreciation-buildings Accumulated depreciation-equipment Accounts payable Salaries and wages payable Long-term notes payable Common stock Paid-in capital in excess of par-common stock Retained earnings Total credits December 31, 2017 $ 40,500 120,500 81,000 41,000 25,000 98,000 60,800 $466,800 $ 3,600 26,800 19,300 63,000 6,000 45,000 11,000 201,000 91,100 $466,800 December 31, 2016 $ 33,600 96,000 85,600 65,000 25,000 76,000 41,000 $422,200 $ 3,000 23,200 12,700 70,000 11,600 60,000 10,000 164,500 67,200 $422,200 EASTON INC. COMPARATIVE BALANCE SHEET ACCOUNTS AS OF DECEMBER 31, 2017 AND 2016 Cash Accounts receivable. Inventory Investments (available-for-sale). Land Buidings Equipment Total debits Allowance for doubtful accounts Accumulated depreciation-buildings Accumulated depreciation-equipment Accounts payable Salaries and wages payable Long-term notes payable Common stock Paid-in capital in excess of par-common stock Retained earnings Total credits December 31, 2017 $ 40,500 120,500 81,000 41,000 25,000 98,000 60,800 $466,800 $ 3,600 26,800 19,300 63,000 6,000 45,000 11,000 201,000 91,100 $466,800 December 31, 2016 $ 33,600 96,000 85,600 65,000 25,000 76,000 41,000 $422,200 $ 3,000 23,200 12,700 70,000 11,600 60,000 10,000 164,500 67,200 $422,200

Answer rating: 100% (QA)

a Cash flows from Operating Activities Cash received from customers Less Cash payments for Cash paid ... View the full answer