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Question 7) The following accounts are from Patty's Paws Co. at December 31, 2022. $235,800 Buildings Common stock 181,240 175,348 67,270 20,510 Retained earnings (January 1, 2022) Accumulated depreciation - buildings Cost of goods sold Accounts payable Notes payable Accumulated depreciation - equipment Inventory Sales revenue Interest payable Accounts receivable Prenaid rent 19,540 99,600 15,600 67,350 55,350 3,600 12,600 3,660

Question 7) The following accounts are from Patty's Paws Co. at December 31, 2022. $235,800 Buildings Common stock 181,240 175,348 67,270 20,510 Retained earnings (January 1, 2022) Accumulated depreciation - buildings Cost of goods sold Accounts payable Notes payable Accumulated depreciation - equipment Inventory Sales revenue Interest payable Accounts receivable Prenaid rent 19,540 99,600 15,600 67,350 55,350 3,600 12,600 3,660

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter4: Income Measurement And Accrual Accounting
Section: Chapter Questions
Problem 4.33E
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Question 7) The following accounts are from Patty's Paws Co. at December 31, 2022. Buildings Common stock $235,800 181,240 175,348 67,270 20,510 19,540 99,600 15,600 67,350 55,350 3,600 12,600 Retained earnings (January 1, 2022) Accumulated depreciation - buildings Cost of goods sold Accounts payable Notes payable Accumulated depreciation - equipment Inventory Sales revenue Interest payable Accounts receivable Prepaid rent Cash Equipment Land Salaries payable Insurance expense Depreciation expense Service revenue 3,660 36,555 82,400 180,800 3,830 780 7,300 27,710 Instructions: Prepare a classified balance sheet in good form. Assume that $18,888 of the notes payable will be paid in 2023 and Patty's Paws Co. paid dividends of $1,333 in 2022.
Transcribed Image Text:Question 7) The following accounts are from Patty's Paws Co. at December 31, 2022. Buildings Common stock $235,800 181,240 175,348 67,270 20,510 19,540 99,600 15,600 67,350 55,350 3,600 12,600 Retained earnings (January 1, 2022) Accumulated depreciation - buildings Cost of goods sold Accounts payable Notes payable Accumulated depreciation - equipment Inventory Sales revenue Interest payable Accounts receivable Prepaid rent Cash Equipment Land Salaries payable Insurance expense Depreciation expense Service revenue 3,660 36,555 82,400 180,800 3,830 780 7,300 27,710 Instructions: Prepare a classified balance sheet in good form. Assume that $18,888 of the notes payable will be paid in 2023 and Patty's Paws Co. paid dividends of $1,333 in 2022.
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