3.2.pdf - Assignment Print View Score 50/50 Points 100

This preview shows page 1 - 4 out of 6 pages.

1/23/2018Assignment Print View1/6Score:50/50Points100%
1/23/2018Assignment Print View2/62.Award: 16.66 out of 16.66 pointsThe following is a December 31, 2018, post­closing trial balance for the Jackson Corporation.Account TitleDebitsCreditsCash42,000Accounts receivable36,000Inventories77,000Prepaid rent for the next 8 months18,000Marketable securities (short term)12,000Machinery155,000Accumulated depreciation—machinery13,000Patent (net of amortization)81,000Accounts payable9,000Wages payable5,000Taxes payable34,000Bonds payable (due in 10 years)160,000Common stock120,000Retained earnings80,000Totals421,000421,000Required:Prepare a classified balance sheet for Jackson Corporation at December 31, 2018.(Amounts to bededucted should be indicated by a minus sign.)
1/23/2018Assignment Print View

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture