Course Hero Logo

3.2.pdf - 1/23/2018 Assignment Print

Course Hero uses AI to attempt to automatically extract content from documents to surface to you and others so you can study better, e.g., in search results, to enrich docs, and more. 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

Upload your study docs or become a

Course Hero member to access this document

Upload your study docs or become a

Course Hero member to access this document

End of preview. Want to read all 6 pages?

Upload your study docs or become a

Course Hero member to access this document

Term
Fall
Professor
AmandaRemo
Tags
Accounting, ACC 307 Homework

Newly uploaded documents

Show More

Newly uploaded documents

Show More

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture