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A. Marks Co. Partial Balance Sheet December 31, 2019 Assets Current Assets: Total Current Assets Plant and Equipment: Less: Total Assets

A. Marks Co. Partial Balance Sheet December 31, 2019 Assets Current Assets: Total Current Assets Plant and Equipment: Less: Total Assets

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity
Section: Chapter Questions
Problem 7E
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From the​ worksheet, prepare the assets section of a classified balance sheet.
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​(Click
the icon to view the completed​ worksheet.)
 
 
A. Marks Co.
    
 
Partial Balance Sheet
    
 
December 31, 2019
 
  
Assets
      
Current Assets:
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
Total Current Assets
 
 
  
Plant and Equipment:
  
 
  
 
 
 
  
Less:
 
 
 
A. Marks Co. Partial Balance Sheet December 31, 2019 Assets Current Assets: Total Current Assets Plant and Equipment: Less: Total Assets
Transcribed Image Text:A. Marks Co. Partial Balance Sheet December 31, 2019 Assets Current Assets: Total Current Assets Plant and Equipment: Less: Total Assets
From the worksheet, prepare the assets section of a classified balance sheet. Data Table E (Click the icon to view the completed worksheet.) A. Marks Co. A. Marks Co. Partial Balance Sheet Partial Worksheet December 31, 2019 For the Year Ended December 31, 2019 Assets Income Statement Balance Sheet Current Assets: Account Titles Dr. Cr. Dr. Cr. Cr. Cash 194 Merchandise Inventory 453 A. Marks, Capital Accounts Payable Prepaid Advertising 565 Accumulated Depreciation, Office Equipment Prepaid Insurance 26 Advertising Expense Office Equipment 1,063 Cash Accum. Dep'n., Office Equip. 211 Cost of Goods Sold Accounts Payable 254 Depreciation Expenses, Office Equipment Income Summary A. Marks, Capital 962 Insurance Expense Sales 5,656 Merchandise Inventory Sales Returns and Allowances 222 Net Income Sales Discounts 103 Office Equipment Cost of Goods Sold 2,621 Plumbing Expense Prepaid Advertising Salaries Expense 1,086 Prepaid Insurance Insurance Expense 691 Salaries Expense Utilities Expense 45 Salaries Payable Plumbing Expense 55 Sales Advertising Expense 8 Sales Discount Sales Returns and Allowances Dep'n. Expense, Office Equip. 24 73 Utilities Expense Salaries Payable 4,855 5,656 2,301 1,500 801 801 Net Income 5,656 5,656 2,301 2,301
Transcribed Image Text:From the worksheet, prepare the assets section of a classified balance sheet. Data Table E (Click the icon to view the completed worksheet.) A. Marks Co. A. Marks Co. Partial Balance Sheet Partial Worksheet December 31, 2019 For the Year Ended December 31, 2019 Assets Income Statement Balance Sheet Current Assets: Account Titles Dr. Cr. Dr. Cr. Cr. Cash 194 Merchandise Inventory 453 A. Marks, Capital Accounts Payable Prepaid Advertising 565 Accumulated Depreciation, Office Equipment Prepaid Insurance 26 Advertising Expense Office Equipment 1,063 Cash Accum. Dep'n., Office Equip. 211 Cost of Goods Sold Accounts Payable 254 Depreciation Expenses, Office Equipment Income Summary A. Marks, Capital 962 Insurance Expense Sales 5,656 Merchandise Inventory Sales Returns and Allowances 222 Net Income Sales Discounts 103 Office Equipment Cost of Goods Sold 2,621 Plumbing Expense Prepaid Advertising Salaries Expense 1,086 Prepaid Insurance Insurance Expense 691 Salaries Expense Utilities Expense 45 Salaries Payable Plumbing Expense 55 Sales Advertising Expense 8 Sales Discount Sales Returns and Allowances Dep'n. Expense, Office Equip. 24 73 Utilities Expense Salaries Payable 4,855 5,656 2,301 1,500 801 801 Net Income 5,656 5,656 2,301 2,301
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