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Arrange the following items in proper balance sheet presentation: (Amounts to be deducted should be indicated with parentheses or a minus sign.) Accumulated depreciation $ 367,000 Retained earnings 20,000 Cash 10,000 Bonds payable 159,000 Accounts receivable 48,000 Plant and equipment—original cost 701,000 Accounts payable 42,000 Allowance for bad debts 6,000 Common stock, $1 par, 100,000 shares outstanding 100,000 Inventory 73,000 Preferred stock, $57 par, 1,000 shares outstanding 57,000 Marketable securities 20,000 Investments 22,000 Notes payable 33,000 Capital paid in excess of par (common stock) 90,000

Arrange the following items in proper balance sheet presentation: (Amounts to be deducted should be indicated with parentheses or a minus sign.) Accumulated depreciation $ 367,000 Retained earnings 20,000 Cash 10,000 Bonds payable 159,000 Accounts receivable 48,000 Plant and equipment—original cost 701,000 Accounts payable 42,000 Allowance for bad debts 6,000 Common stock, $1 par, 100,000 shares outstanding 100,000 Inventory 73,000 Preferred stock, $57 par, 1,000 shares outstanding 57,000 Marketable securities 20,000 Investments 22,000 Notes payable 33,000 Capital paid in excess of par (common stock) 90,000

Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter14: Statement Of Cash Flows (cashflow)
Section: Chapter Questions
Problem 1R: The comparative balance sheet of Prime Sports Gear, Inc., at December 31, the end of the fiscal...
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Arrange the following items in proper balance sheet presentation: (Amounts to be deducted should be indicated with parentheses or a minus sign.) Accumulated depreciation $ 367,000 Retained earnings 20,000 Cash 10,000 Bonds payable 159,000 Accounts receivable 48,000 Plant and equipment—original cost 701,000 Accounts payable 42,000 Allowance for bad debts 6,000 Common stock, $1 par, 100,000 shares outstanding 100,000 Inventory 73,000 Preferred stock, $57 par, 1,000 shares outstanding 57,000 Marketable securities 20,000 Investments 22,000 Notes payable 33,000 Capital paid in excess of par (common stock) 90,000

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