Debit Credit Accounts payable $ 59,500 $ 46,600 Accounts receivable Additional paid-in capital Buildings (net) (4-year remaining life) Cash and short-term investments Common stock 50,000 145, 000 84,250 250,000 Equipment (net) (5-year remaining life) Inventory Land 257,500 106, е0ө 129, e00 Long-term liabilities (mature 12/31/23) Retained earnings, 1/1/20 Supplies 151,000 273,050 15, 200 $783,550 Totals $ 783,550
Debit Credit Accounts payable $ 59,500 $ 46,600 Accounts receivable Additional paid-in capital Buildings (net) (4-year remaining life) Cash and short-term investments Common stock 50,000 145, 000 84,250 250,000 Equipment (net) (5-year remaining life) Inventory Land 257,500 106, е0ө 129, e00 Long-term liabilities (mature 12/31/23) Retained earnings, 1/1/20 Supplies 151,000 273,050 15, 200 $783,550 Totals $ 783,550
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
Chapter13: Investments And Long-term Receivables
Section: Chapter Questions
Problem 19E
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