AC 501 Unit 2 Assignment - E4-4(Preparation of a Classified Balance Sheet Assume that Denis Savard Inc has the following accounts at the end of the

AC 501 Unit 2 Assignment - E4-4(Preparation of a Classified...

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Denis Savard Inc.Balance SheetAs of December 31, 2014AssetsCurrent assetsCash$Accounts Receivable$Less: Allowance for doubtful accoun$$Receivables-Officers$Notes Receivable$InventoriesWork in process$Raw materials$Finished Goods$$Total current assets$Long-term InvestmentsCash restricted for plant expansion$Land held for future plant expansion$Preferred Stock investments$Total Long-term Investments$Property, plant & equipmentBuilding$Less: Accumulated Depreciation-Bldg.$Total Property, plant & Equipment$Intangible AssetsCopyrights$Total Assetsabilities and Stockholders EquiCurrent LiabilitiesAccrued Salaries Payable$Note Payable$Unearned Rent Revenue$Unearned Subscriptions Revenue$$Total Current Liabilities$Long-Term LiabilitiesBonds Payable$Less: Discount on Bonds Payable$( Total Long-Term Liabilities$Total Liabilities$Stockholders EquityCapital Stock:Common Stock$Additional Paid-in-capital:Premium on Common Stock$Total Paid-in-capital$Retained Earnings$Less: Treasury Stock @ Cost$( Total Stockholders Equity$Total Liabilities & Stockholders Equity$E4-4 (Preparation of a Classified Balance Sheet) Assume that Denis Savard Inc. has the following accounts at the end of the current year ) )
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E4-9 (Current Assets & Current Liabilities) Allessandro Scarlatti Company Original Amounts Balance Sheet (partial) 31-Dec-08 Cash 40,000 Accounts Payab 61,000 Accounts Receivable 89,000 Notes Payable 67,000 7,000 82,000 128,000 Inventories 171,000 Prepaid Expenses 9,000 302,000 (A) Allessandro Scarlatti Company Calculations Answer Balance Sheet (partial) 31-Dec-08 Cash AR Doubtful Acct
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