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Balance Sheet The December 31, 26/7 balance sheet accounts of the Hitt Company are shown here in alphabetical order: $ 10,400 $ 22,400 Current taxes payable Discount on bonds payable Equipment Inventory Land Accounts payable Accounts receivable Accumulated depreciation: buildings Accumulated depreciation: equipment "Additional paid-in capital on common stock Additional paid-in capital on preferred stock Allowance for doubtful accounts Bonds payable (due 2021) Buildings Cash 21,500 6,900 53,000 72,400 35,100 37,200 30,000 Marketable securities (short-term) Patents (net) Preferred stock, $100 par · Retained earnings Salaries payable Trademarks 6,100 9,800 21,000 24,000 11,500 800 46,200 77,000 2,000 3600 144,000 2,900 Common stock, $10 par 30,000 Required 1. Prepare the December 31, 20/4 balance sheet of the Hitt Company. (Formal, CIAssificl Balanveeer) SHERT

Balance Sheet The December 31, 26/7 balance sheet accounts of the Hitt Company are shown here in alphabetical order: $ 10,400 $ 22,400 Current taxes payable Discount on bonds payable Equipment Inventory Land Accounts payable Accounts receivable Accumulated depreciation: buildings Accumulated depreciation: equipment "Additional paid-in capital on common stock Additional paid-in capital on preferred stock Allowance for doubtful accounts Bonds payable (due 2021) Buildings Cash 21,500 6,900 53,000 72,400 35,100 37,200 30,000 Marketable securities (short-term) Patents (net) Preferred stock, $100 par · Retained earnings Salaries payable Trademarks 6,100 9,800 21,000 24,000 11,500 800 46,200 77,000 2,000 3600 144,000 2,900 Common stock, $10 par 30,000 Required 1. Prepare the December 31, 20/4 balance sheet of the Hitt Company. (Formal, CIAssificl Balanveeer) SHERT

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
Chapter15: Contributed Capital
Section: Chapter Questions
Problem 14P
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Balance Sheet The December 31, 201balance sheet accounts of the Hitt Company are shown here in alphabetical order: $ 10,400 Current taxes payable Discount on bonds payable Equipment Inventory Land $ 22,400 Accounts payable Accounts receivable Accumulated depreciation: buildings Accumulated depreciation: equipment Additionał paid-in capital on 21,500 6,900 53,000 72,400 35,100 37,200 30,000 Marketable securities (short-term) Patents (net} Preferred stock, $100 par 24,000 6,100 : common stock Additional paid-in capital on .preferred stock Allowance for doubtful accounts 9,800 21,000 46,200 11,500 Retained earnings Salaries payable Trademarks 800 77,000 2,000 Bonds payable (due 2021) Buildings 144,000 3600 Cash 2,900 Common stock, $10 par 30,000 - Required SHERT * 1. Prepare the December 31, 2u14 balance sheet of the Hitt Company. (Foanal, CIAssifiel Balance .. ..... ..
Transcribed Image Text:Balance Sheet The December 31, 201balance sheet accounts of the Hitt Company are shown here in alphabetical order: $ 10,400 Current taxes payable Discount on bonds payable Equipment Inventory Land $ 22,400 Accounts payable Accounts receivable Accumulated depreciation: buildings Accumulated depreciation: equipment Additionał paid-in capital on 21,500 6,900 53,000 72,400 35,100 37,200 30,000 Marketable securities (short-term) Patents (net} Preferred stock, $100 par 24,000 6,100 : common stock Additional paid-in capital on .preferred stock Allowance for doubtful accounts 9,800 21,000 46,200 11,500 Retained earnings Salaries payable Trademarks 800 77,000 2,000 Bonds payable (due 2021) Buildings 144,000 3600 Cash 2,900 Common stock, $10 par 30,000 - Required SHERT * 1. Prepare the December 31, 2u14 balance sheet of the Hitt Company. (Foanal, CIAssifiel Balance .. ..... ..
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