Cash Hash » Cash Hash » Cash Advance/ Cash Advances » where" Sales, error in inventory, Discontinued Operational Loss." belong in a Balance Sheet. Help Please.?

Reply
  #1 (permalink)
: 6.025% Long-Term Note Payable (only Long term portion)................................... $ 230,000
Account Payable ........................................... 220,000
Account Receivable ...........................................
Accumulated Depreciation- Building & Equipment ...........................................
Allowance for doubtful accounts ........................................... 5,800
Building and Equipment ........................................... 400,000
Capital Stock $2 par, authorized 100,000 Shares, Issued &
Outstanding 30,000 shares ........................................... 60,000
Cash on hand ........................................... 44,725
Cash Surrender Value of Life Insurance Policies ........................................... 10,800
Current Installment of Long-Term debt (6.250% Note) ........................................... 20,000
Depreciation Expense ........................................... 19,900
Discontinued Operational Loss ........................................... 42,000
Dividends Receives as Revenue ........................................... 4,500
Error in Inventory Pricing in 2010 ...........................................
Goodwill ........................................... 55,000
Inventories, at FIFO Cost ( with market value of $360,000) ........................................... 332,600
Long-Term Advance to Affiliated Company (Note Receivable) ...................................... 50,000
Paid-in Capital in Excess of par ........................................... 155,200
Prepaid 6 months of Rent ........................................... 3,600
Real Estate Tax Payable due 3/31/14 (Adjusted) ........................................... 6,625
Retained Earnings- Ending 12/31/14 (Adjusted) ........................................... 262,800
Sales ........................................... 450,000
Sales Returns and Allowances ........................................... 3,100
Savings Account Balance as of 12/31/14 ........................................... 26,000
Trading-Marketable Securities ( Listed at Cost, with a Market Value of $51,800) ....... 58,500
Uncollectible Account Expense ........................................... 12,000
Unearned Revenue-Current Portion ........................................... 14,500
Additional Details
* Notes are not required as of 12/31/14.

  Reply With Quote

Reply

Bookmarks

Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
What is the value of inventory listed on the firm's balance sheet? Stocks4Me Cash Back 1 03-02-2014 03:01 AM
how do do the trading and profit and loss account and the balance sheet? NewEra50 Cash Back 0 02-02-2014 01:01 AM
Help on Profit and Loss/ Balance sheet? Stephen Cash Back 0 06-28-2013 01:05 AM
Does a cashflow forecast, sales projections, balance sheet, profit and loss etc. need to be formatted yearly.? ForexCash10 Free Cash 1 05-04-2013 01:00 PM
When a business segment is discontinued during the year, the gain or loss on disposal? hey Quick Cash/ Cash Quick 0 11-30-2011 03:06 PM

Copyright 2014, CashHash.com. All Rights Reserved