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Accounts receivable Accounts payable Cash Cost of goods sold Interest receivable Interest revenue Merchandise inventory Notes receivable, due April 10, 2022 Prepaid insurance Refund liability Short-term investments $574,000 32,800 1,435,000 925 266,500 36,900 6,560 41.000 $287,000 1,850 65,000

Accounts receivable Accounts payable Cash Cost of goods sold Interest receivable Interest revenue Merchandise inventory Notes receivable, due April 10, 2022 Prepaid insurance Refund liability Short-term investments $574,000 32,800 1,435,000 925 266,500 36,900 6,560 41.000 $287,000 1,850 65,000

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 12P: Balance Sheet from Adjusted Trial Balance The following is the alphabetical adjusted trial balance...
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eTextbook and Media List of Accounts ORIOLE INDUSTRIES Balance Sheet (Partial) Assets MacBook Pro
Transcribed Image Text:eTextbook and Media List of Accounts ORIOLE INDUSTRIES Balance Sheet (Partial) Assets MacBook Pro
At December 31, 2021, Oriole Industries reports the following selected accounts from the unadjusted trial balance for its first year of operations: Account Accounts receivable Accounts payable Cash Cost of goods sold Interest receivable Interest revenue Merchandise inventory Notes receivable, due April 10, 2022 Prepaid insurance Refund liability Short-term investments Sales Sales returns and allowances Unearned revenue Debit $574,000 32,800 1,435,000 925 266,500 36,900 6,560 41,000 82,000 Credit $287,000 1,850 65,000 4,989,700 20,500
Transcribed Image Text:At December 31, 2021, Oriole Industries reports the following selected accounts from the unadjusted trial balance for its first year of operations: Account Accounts receivable Accounts payable Cash Cost of goods sold Interest receivable Interest revenue Merchandise inventory Notes receivable, due April 10, 2022 Prepaid insurance Refund liability Short-term investments Sales Sales returns and allowances Unearned revenue Debit $574,000 32,800 1,435,000 925 266,500 36,900 6,560 41,000 82,000 Credit $287,000 1,850 65,000 4,989,700 20,500
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