prepare journal entries for the transactions listed above ans adjusting entries. Paulson Corporations unadjusted trial balance at
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prepare journal entries for the transactions listed above ans adjusting entries.
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Paulson Corporations unadjusted trial balance at December 1,2012, is presented Cash Accounts receivable Notes receivable interest receivable Inventory Prepaid Insurance Land Buildings Equipment Patent Allowance for doubtful accounts Accumulated depreciation- buildings Accumulated depreciation- Equipment Accounts payable Salaries and wages payable Notes payable (due April 20,2012) Interest payable Notes Payable (due in 2018) Common stock Retained earnings Dividends Sales revenue Interest revenue Gain on disposal of plant assets Bad debts expense Cost of goods sold Depreciation expense Insurance expense Interest expense Other operating expenses Amortization expense Salaries and wages expense Total The foll Debt $22,000.00 $36,800.00 $10,000.00 S- $36,200.00 $3,600.00 $20,000.00 $150,000.00 $9,000.00 $12,000.00 14 $630,000.00 S- $- S- $61,800.00 Credit $500.00 $50,000.00 $24,000.00 $27,300.00 S- $11,000.00 3- $35,000.00 $50,000.00 $63,600.00 $900,000.00 S- S- $110,000.00 $1,161,400.00 $1,161,400.00 during December Paulson Corporations unadjusted trial balance at December 1,2012, is presented Cash Accounts receivable Notes receivable interest receivable Inventory Prepaid Insurance Land Buildings Equipment Patent Allowance for doubtful accounts Accumulated depreciation- buildings Accumulated depreciation- Equipment Accounts payable Salaries and wages payable Notes payable (due April 20,2012) Interest payable Notes Payable (due in 2018) Common stock Retained earnings Dividends Sales revenue Interest revenue Gain on disposal of plant assets Bad debts expense Cost of goods sold Depreciation expense Insurance expense Interest expense Other operating expenses Amortization expense Salaries and wages expense Total The foll Debt $22,000.00 $36,800.00 $10,000.00 S- $36,200.00 $3,600.00 $20,000.00 $150,000.00 $9,000.00 $12,000.00 14 $630,000.00 S- $- S- $61,800.00 Credit $500.00 $50,000.00 $24,000.00 $27,300.00 S- $11,000.00 3- $35,000.00 $50,000.00 $63,600.00 $900,000.00 S- S- $110,000.00 $1,161,400.00 $1,161,400.00 during December
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Date Dec 2 Dec 2 Dec 2 Dec 15 Dec 15 Dec 31 Equipment 16000 800 Cash Dec 31 Depreciation Expense Acc... View the full answer
Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
Posted Date:
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