batex_co - BATEX CO. The trial balances of BATEX Co. as of...

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BATEX CO. The trial balances of BATEX Co. as of 31.12.2003 and as of 31.12.2004 are shown below. A) Using the beginning and ending balances of the related accounts and the cash flow information given below, after calculating the following, complete the trial balance as of 31.12.2004. a. Sales for the year 2004 b. Cost of Goods Sold for the year 2004 (you need to find the amount of purchases first) c. Insurance Expense for the year 2004 Cash Flow Information: Collections from customers $ 380.700 Payments to suppliers 253.020 Insurance policy purchases 3.610 TRIAL BALANCE 31.12.2003 31.12.2004 DEBIT CREDIT DEBIT CREDIT BANKS $ 1.350 $ 6.900 MARKETABLE SECURITIES 35.144 143.440 ACCOUNTS RECEIVABLE 36.700 24.000 ALLOWANCE FOR UNCOLLECTIBLE ACC.REC. $ 734 $ 110 MERCHANDISING INVENTORY 6.980 28.000 PREPAID INSURANCE 1.900 2.150 BUILDINGS 41.000 41.000 ACCUMULATED DEPRECIATION (BUILDINGS) 8.200 9.020 BANK LOANS 28.000 27.000 ACCOUNTS PAYABLE (to suppliers) 14.000 19.000 NOTES PAYABLE (to suppliers)
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batex_co - BATEX CO. The trial balances of BATEX Co. as of...

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