From the following balance extracted from the books of M/s R.K. Gupta , prepare a Trading , profit & Loss A/c, for the year ending 31.12.2014 Particular Amount(7) 1,250 11,800 Particular Amount() Opening Stock Sales Salaries 750 Discount (Dr) Wages Return Inward 328 Depreciation Commission (Cr) Insurance 667 1,589 1,659 8,679 211 380 Purchases Carriage Inward Particular Furniture charges Printing Charges Carriage outward Return outward 300 Bad Debts 180 Amount (R) 670 481 200 1, 380 3,700 Closing Stock

From the following balance extracted from the books of M/s R.K. Gupta , prepare a Trading , profit & Loss A/c, for the year ending 31.12.2014 Particular Amount(7) 1,250 11,800 Particular Amount() Opening Stock Sales Salaries 750 Discount (Dr) Wages Return Inward 328 Depreciation Commission (Cr) Insurance 667 1,589 1,659 8,679 211 380 Purchases Carriage Inward Particular Furniture charges Printing Charges Carriage outward Return outward 300 Bad Debts 180 Amount (R) 670 481 200 1, 380 3,700 Closing Stock

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 12RE: Refer to the information in RE13-11. Assume that on December 31, 2019, the investment in Cornett...

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Refer to the information in RE13-11. Assume that on December 31, 2019, the investment in Cornett Company stock has a market value of 10,500. Prepare the year-end journal entry to record the unrealized gain or loss.
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