Accounts payable Accounts receivable CAPITAL NORTHEAST CORPORATION POST-CLOSING TRIAL BALANCE DECEMBER 31, 2017 Accumulated depreciation equipment Additional paid-in capital-common In excess of par value From sale of treasury stock Allowance for doubtful accounts Equipment Cash Common stock ($1 par value) Dividends payable on common stock-cash Inventories Investments Preferred stock ($100 par value) Prepaid insurance Retained earnings Treasury stock-common at cost Totals Dr. $ 605,000 Authorized Issued Outstanding 6,800,000 260,000 750,000 2,500,000 65,000 125,000 $11,105,000 Cr. $ 668,000 450,000 1,900,000 35,000 20,000 500,000 50,000 6,500,000 982,000 $11,105,000 31, 2017, Capital Northeast had the following number of common and preferred shares. Common Preferred 2,500,000 1,000,000 500,000 65,000 490,000 65,000 on preferred stock are 6% cumulative. In addition, the preferred stock has a preference in liquidation of $102

Accounts payable Accounts receivable CAPITAL NORTHEAST CORPORATION POST-CLOSING TRIAL BALANCE DECEMBER 31, 2017 Accumulated depreciation equipment Additional paid-in capital-common In excess of par value From sale of treasury stock Allowance for doubtful accounts Equipment Cash Common stock ($1 par value) Dividends payable on common stock-cash Inventories Investments Preferred stock ($100 par value) Prepaid insurance Retained earnings Treasury stock-common at cost Totals Dr. $ 605,000 Authorized Issued Outstanding 6,800,000 260,000 750,000 2,500,000 65,000 125,000 $11,105,000 Cr. $ 668,000 450,000 1,900,000 35,000 20,000 500,000 50,000 6,500,000 982,000 $11,105,000 31, 2017, Capital Northeast had the following number of common and preferred shares. Common Preferred 2,500,000 1,000,000 500,000 65,000 490,000 65,000 on preferred stock are 6% cumulative. In addition, the preferred stock has a preference in liquidation of $102

Name: Accounts payableAccounts receivableCAPITAL NORTHEAST CORPORATIONPOST-
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Description: Accounts payableAccounts receivableCAPITAL NORTHEAST CORPORATIONPOST-CLOSING TRIAL BALANCEDECEMBER 31, 2017Accumulated depreciation-equipmentAdditional paid-in capital-commonIn excess of par valueFrom sale of treasury stockAllowance for doubtful acc

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

Chapter15: Contributed Capital

Section: Chapter Questions

Problem 17E

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