E5-12 - $3,976,000 LIABILITIES AND STOCKHOLDERS EQUITY...

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John Nalezny Corporation Balance Sheet December 31, 2007 Current Assets Cash $197,000 Trading Securities (at cost 145,000) 153,000 Accounts Receivable (net) $435,000 Less: Doubful Accounts 25,000 410,000 Inventories 597,000 Total Current Assets 1,357,000 Long-term investments Long-term investments in bonds 299,000 Long-term investments in stocks 277,000 Franchise 160,000 Patent 195,000 Total long term investments 931,000 Property, Plant, and Equipment Building 1,040,000 Less: accumulated depreciation - building 152,000 888,000 Office Equipment 600,000 Less: accumulated depreciation - office equipment 60,000 540,000 Land 260,000 Total property, plant, and equipment 1,688,000 Total assets
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Unformatted text preview: $3,976,000 LIABILITIES AND STOCKHOLDERS EQUITY Current liabilities Accounts Payable $455,000 Dividends Payable 136,000 Short - term notes payable 90,000 Accrued liabilities 96,000 Total current liabilities 777,000 Long Term Liabilities Bonds Payable $1,000,000 Long term notes payable 900,000 Total long-term liabilities 1,900,000 Total liabilities 2,677,000 Stockholder's Equity Common Stock ($5.00 par) 1,000,000 Additional Paid-in capital 80,000 Less: Treasury stock (191,000) Retained Earnings 410,000 Total Stockholders' Equity 1,299,000 Total Liabilities & Stockholders' Equity 3,976,000...
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