Exercise 16 - ACCOUNTING Exercise 16 Top Flite Golf Balls 1 ECONOMIC EVENTS 2 1 Pay $500,000 to buy back stock of our own company 2 Spend

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Unformatted text preview: ACCOUNTING Exercise 16 Top Flite Golf Balls 1 ECONOMIC EVENTS 2 1. Pay $500,000 to buy back stock of our own company. 2. Spend $20,000,000 manufacturing 20,000,000 golf balls. 3. Sell 19,000,000 golf balls to European customers for $3.00 each. Invoice the customers in Euros, when the exchange rate is $1.00 = 1.00 Euro. 4. Record $19,000,000 Cost of Sales. 5. Pay $400,000 to buy bonds of another company. 6. The European customers send us 57,000,000 Euros. We convert the Euros to dollars when the exchange rate is $1.00 = 1.01 Euro. 7. We issue Bonds Payable and receive $10,000,000 (10 years, 10%). 8. Pay $100,000 for machinery maintenance. 9. Pay $2,000,000 to overhaul equipment. 10. Receive $20,000 interest from the bonds we hold of another company. 11. Sell bond investment for $370,000. 12. Sell treasury stock for $550,000. ECONOMIC EVENTS 3 13. Pay employees on pay day. Gross salaries are $4,000,000. Federal Withholding…..400,000 State Withholding…..150,000 FICA…..8% SDI…..1% 14. Accrue payroll taxes. FICA…..8% FUTA…..2% SUTA…..4% 15. End of year. Record depreciation on the equipment (5 year lives, Sum of the Years Digits method) 16. End of year. Record depreciation on the machinery (5 year lives, Double Declining Balance Method) 17. End of year. Accrue $1,000,000 interest on Bonds Payable. 18. End of year. Transfer Net Income (Loss) to Retained Earnings. JOURNAL ENTRIES 1. 2. 3. 4. 5. 4 JOURNAL ENTRIES 6. 7. 8. 9. 10. 5 JOURNAL ENTRIES 11. 12. 13. 14. 15. 6 JOURNAL ENTRIES 16. 17. 18. 19. 20. 7 8 Cash Reference Transaction Debit Current Balance Credit Debit 100,000,000 Credit 9 Machinery Reference Transaction Debit Current Balance Credit Debit 60,000,000 Credit 10 Equipment Reference Transaction Debit Current Balance Credit Debit 40,000,000 Credit 11 Common Stock Reference Transaction Debit Current Balance Credit Debit Credit 100,000,000 12 Paid in Capital Reference Transaction Debit Current Balance Credit Debit Credit 50,000,000 Retained Earnings Reference Transaction Debit 13 Current Balance Credit Debit Credit 50,000,000 14 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 15 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 16 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 17 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 18 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 19 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 20 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 21 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 22 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 23 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 24 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 25 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 26 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 27 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 28 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 29 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 30 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 31 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 32 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 33 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 34 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 35 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 36 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 37 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 38 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 39 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 40 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 41 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 42 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 43 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 44 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 45 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 46 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 47 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit 48 _________________ A/C Reference Transaction Debit Current Balance Credit Debit Credit TRIAL BALANCE…page 1 Account Debit 49 Credit TRIAL BALANCE…page 2 Account Debit 50 Credit BALANCE SHEET Current Assets Current Liabilities Long Term Assets Long Term Liabilities Stockholders Equity Total Total 51 INCOME STATEMENT Revenue Expense Net Income (Loss) 52 53 JOURNAL ENTRY ANSWERS 1. Dr Treasury Stock 500,000 Cr Cash 500,000 2. Dr Inventory 20,000,000 Cr Cash 20,000,000 $20,000,000 / 20,000,000 = $1.00 per golf ball 3. Dr Accounts Receivable 57,000,000 Cr Sales (19,000,000 x $3) 57,000,000 4. Cost of Sales (19,000,000 x $1) 19,000,000 Cr Inventory 19,000,000 5. Dr Bond Investment 400,000 Cr Cash 400,000 54 JOURNAL ENTRY ANSWERS 6. Dr Cash (57,000,000 / 1.01) 56,435,644 Dr Foreign Exchange Loss 564,356 Cr Accounts Receivable 57,000,000 7. Dr Cash 10,000,000 Dr Bonds Payable 10,000,000 8. Dr Maintenance Expense 100,000 Cr Cash 100,000 9. Dr Equipment 2,000,000 Cr Cash 2,000,000 10. Dr Cash 20,000 Cr Interest Revenue 20,000 55 JOURNAL ENTRY ANSWERS 11. Dr Cash 370,000 Dr Loss on Sale 30,000 Cr Bond Investment 400,000 12. Dr Cash 550,000 Cr Treasury Stock 500,000 Cr PIC Treasury Stock 50,000 13. Dr Salaries Expense 4,000,000 Cr Federal Withholding Payable 400,000 Cr State Withholding Payable 150,000 Cr FICA Payable (4,000,000 x 8%) 320,000 Cr SDI Payable (4,000,000 x 1%) 40,000 Cr Cash 3,090,000 14. Dr Payroll Tax Expense 560,000 Cr FICA Payable (4,000,000 x 8%) 320,000 Cr FUTA Payable (4,000,000 x 2%) 80,000 Cr SUTA Payable (4,000,000 x 4%) 160,000 56 JOURNAL ENTRY ANSWERS 15. Dr Equipment Depreciation Expense 14,000,000 Cr Equipment Accumulated Depreciation 14,000,000 5/15 x 42,000,000 = 14,000,000 16. Dr Machinery Depreciation Expense 24,000,000 Cr Machinery Accumulated Depreciation 24,000,000 20% x 2 = 40% x 60,000,000 17. Dr Interest Expense (10,000,000 x 10%) 1,000,000 Cr Interest Payable 1,000,000 18. Dr Retained Earnings 6,234,356 Cr Net Loss 6,234,356 57 Cash Reference Transaction Debit Current Balance Credit Debit 100,000,000 GJ1 500,000 99,500,000 GJ2 20,000,000 79,500,000 GJ5 400,000 79,100,000 GJ6 56,435,644 135,535,644 GJ7 10,000,000 145,535,644 GJ8 100,000 145,435,644 GJ9 2,000,000 143,435,644 GJ10 20,000 143,455,644 GJ11 370,000 143,825,644 GJ12 550,000 144,375,644 GJ13 3,090,000 141,285,644 Credit 58 Machinery Reference Transaction Debit Current Balance Credit Debit 60,000,000 Credit 59 Equipment Reference Transaction Debit Current Balance Credit Debit 40,000,000 GJ9 2,000,000 42,000,000 Credit 60 Common Stock Reference Transaction Debit Current Balance Credit Debit Credit 100,000,000 61 Paid in Capital Reference Transaction Debit Current Balance Credit Debit Credit 50,000,000 Retained Earnings Reference Transaction Debit 62 Current Balance Credit Debit Credit 50,000,000 GJ18 6,234,356 43,765,644 63 Treasury Stock Reference Transaction Debit GJ1 GJ12 Current Balance Credit 500,000 Debit Credit 500,000 500,000 0 64 Inventory Reference Transaction Debit GJ2 GJ4 Current Balance Credit 20,000,000 Debit 20,000,000 19,000,000 1,000,000 Credit 65 Accounts Receivable Reference Transaction Debit GJ3 GJ6 Current Balance Credit 57,000,000 Debit Credit 57,000,000 57,000,000 0 66 Sales Reference Transaction Debit GJ3 Current Balance Credit 57,000,000 Debit Credit 57,000,000 67 Cost of Sales Reference Transaction Debit GJ4 19,000,000 Current Balance Credit Debit 19,000,000 Credit 68 Bond Investment Reference Transaction Debit GJ5 GJ11 Current Balance Credit 400,000 Debit Credit 400,000 400,000 0 Foreign Exchange Loss Reference Transaction Debit GJ6 564,356 69 Current Balance Credit Debit 564,356 Credit 70 Bonds Payable Reference Transaction Debit GJ7 Current Balance Credit 10,000,000 Debit Credit 10,000,000 Maintenance Expense Reference Transaction Debit GJ8 100,000 71 Current Balance Credit Debit 100,000 Credit 72 Interest Revenue Reference Transaction Debit GJ10 Current Balance Credit 20,000 Debit Credit 20,000 73 Loss on Sale Reference Transaction Debit GJ11 30,000 Current Balance Credit Debit 30,000 Credit PIC Treasury Stock Reference Transaction Debit GJ12 74 Current Balance Credit 50,000 Debit Credit 50,000 75 Salaries Expense Reference Transaction Debit GJ13 4,000,000 Current Balance Credit Debit 4,000,000 Credit 76 Federal Withholding Payable Reference Transaction Debit GJ13 Current Balance Credit 400,000 Debit Credit 400,000 State Withholding Payable Reference Transaction Debit GJ13 77 Current Balance Credit 150,000 Debit Credit 150,000 78 FICA Payable Reference Transaction Debit Current Balance Credit Debit Credit GJ13 320,000 320,000 GJ14 320,000 640,000 79 SDI Payable Reference Transaction Debit GJ13 Current Balance Credit 40,000 Debit Credit 40,000 Payroll Tax Expense Reference Transaction Debit GJ14 560,000 80 Current Balance Credit Debit 560,000 Credit 81 FUTA Payable Reference Transaction Debit GJ14 Current Balance Credit 80,000 Debit Credit 80,000 82 SUTA Payable Reference Transaction Debit GJ14 Current Balance Credit 160,000 Debit Credit 160,000 Equipment Depreciation Expense Reference Transaction Debit GJ15 14,000,000 83 Current Balance Credit Debit 14,000,000 Credit Equipment Accumulated Depreciation Reference Transaction Debit GJ15 84 Current Balance Credit 14,000,000 Debit Credit 14,000,000 Machinery Depreciation Expense Reference Transaction Debit GJ16 24,000,000 85 Current Balance Credit Debit 24,000,000 Credit Machinery Accumulated Depreciation Reference Transaction Debit GJ16 86 Current Balance Credit 24,000,000 Debit Credit 24,000,000 87 Interest Expense Reference Transaction Debit GJ17 1,000,000 Current Balance Credit Debit 1,000,000 Credit 88 Interest Payable Reference Transaction Debit GJ17 Current Balance Credit 1,000,000 Debit Credit 1,000,000 89 Net Loss Reference Transaction Debit GJ18 Current Balance Credit 6,234,356 Debit Credit 6,234,356 TRIAL BALANCE…page 1 Account 90 Debit Credit Cash 141,285,644 Machinery 60,000,000 Equipment 42,000,000 Common Stock 100,000,000 Paid in Capital 50,000,000 Retained Earnings 43,765,644 Treasury Stock Inventory Accounts Receivable 0 1,000,000 0 Sales Cost of Sales Bond Investment Foreign Exchange Loss 57,000,000 19,000,000 0 564,356 Bonds Payable Maintenance Expense 10,000,000 100,000 Interest Revenue Loss on Sale 20,000 30,000 PIC Treasury Stock Salaries Expense 50,000 4,000,000 TRIAL BALANCE…page 2 Account Debit 91 Credit Federal Withholding Payable 400,000 State Withholding Payable 150,000 FICA Payable 640,000 SDI Payable 40,000 Payroll Tax Expense 560,000 FUTA Payable 80,000 SUTA Payable 160,000 Equipment Depreciation Expense 14,000,000 Equipment Accumulated Depreciation Machinery Depreciation Expense 14,000,000 24,000,000 Machinery Accumulated Depreciation Interest Expense 24,000,000 1,000,000 Interest Payable 1,000,000 Net Loss 6,234,356 Total 307,540,000 307,540,000 BALANCE SHEET Current Assets Cash Current Liabilities 400,000 State Withholding Payable 150,000 640,000 SDI Payable 40,000 FUTA Payable 80,000 SUTA Payable 1,000,000 Federal Withholding Payable FICA Payable Inventory 141,285,644 92 160,000 Interest Payable Long Term Assets Machinery 1,000,000 Long Term Liabilities 60,000,000 Bonds Payable 10,000,000 Accumulated Depreciation (24,000,000) Accumulated Depreciation 36,000,000 Common Stock 100,000,000 Equipment 42,000,000 Paid in Capital 50,000,000 (14,000,000) Retained Earnings 43,765,644 Net Book Value 28,000,000 PIC Treasury Stock 50,000 Total 206,285,644 Total Accumulated Depreciation Stockholders Equity 206,285,644 INCOME STATEMENT Revenue 93 Sales 57,000,000 Cost of Sales 19,000,000 Gross Profit 38,000,000 Interest Revenue 20,000 Expense Foreign Exchange Loss 564,356 Maintenance Expense 100,000 Loss on Sale 30,000 Salaries Expense Payroll Tax Expense 4,000,000 560,000 Equipment Depreciation Expense 14,000,000 Machinery Depreciation Expense 24,000,000 Interest Expense 1,000,000 Net Income (Loss) (6,234,356) 94 1. Pay $500,000 to buy back stock of our own company. me n Dr t . . Ca sh Dr 500 Tre ,00 asu 0 ry Sto ck Dr 50.. Ca sh 500 ,00 0 4. 0% 0% 0% 0% ves t 3. 15 Sto ck In 2. Dr Stock Investment 500,000 Cr Cash 500,000 Dr Cash 500,000 Cr Stock Investment 500,000 Dr Treasury Stock 500,000 Cr Cash 500,000 Dr Cash 500,000 Cr Treasury Stock 500,000 Dr 1. 95 2. Spend $20,000,000 manufacturing 20,000,000 golf balls. 20,000,000 / 20,000,000 = $1 cost per unit 15 0% 20, 000 Ca sh Dr ent ory 20, 000 ,00 0 ,00 0 0% Inv 2. Dr Inventory 20,000,000 Cr Cash 20,000,000 Dr Cash 20,000,000 Cr Inventory 20,000,000 Dr 1. 96 3. Sell 19,000,000 golf balls to European customers for $3.00 each. Invoice the customers in Euros, when the exchange rate is $1.00 = 1.00 Euro. 19,000,000 x $3 = 57,000,000 15 0% ei v ab .. 00 ,00 0 0% Dr Ac co un ts Re c Sa les 57 ,0 2. Dr Sales 57,000,000 Cr Accounts Receivable 57,000,000 Dr Accounts Receivable 57,000,000 Cr Sales 57,000,000 Dr 1. 97 4. Record $19,000,000 Cost of Sales. 10,000,000 x $1 = 19,000,000 15 0% Dr Co st of S ale s 19, y1 9,0 00, 00 0... 0 0% Inv ent or 2. Dr Inventory 19,000,000 Cr Cost of Sales 19,000,000 Dr Cost of Sales 19,000,000 Cr Inventory 19,000,000 Dr 1. 98 5. Pay $400,000 to buy bonds of another company. 15 0% h4 Ca s Dr stm en t .. ,00 . 0, 0 00 0% Bo nd Inv e 2. Dr Bond Investment 400,000 Cr Cash 4,000,000 Dr Cash 4,000,000 Cr Bond Investment 400,000 Dr 1. 99 6. The European customers send us 57,000,000 Euros. We convert the Euros to dollars when the exchange rate is $1.00 = 1.01 Euro. Cash received…..57,000,000 / 1.01 = 56,435,644 Loss…..A/R 57,000,000 – Cash 56,435,644 = 564,356 15 0% Re cei 56, 4 vab .. 35, 644 0% un ts Ca sh Ac co Dr 2. Dr Cash 56,435,644 Dr Foreign Exchange Loss 564,356 Cr Accounts Receivable 57,000,000 Dr Accounts Receivable 57,000,000 Cr Cash 56,435,644 Cr Foreign Exchange Loss 564,356 Dr 1. 100 7. We issue Bonds Payable and receive $10,000,000 (10 years, 10%). 15 0% Pa yab 10, 0 le 1 0... 00, 000 0% Dr Bo nd s Ca sh 2. Dr Cash 10,000,000 Cr Bonds Payable 10,000,000 Dr Bonds Payable 10,000,000 Cr Cash 10,000,000 Dr 1. 101 8. Pay $100,000 for machinery maintenance. D 0 0, 00 h 10 .. Ex p. rC as D ce an rM ai nt en rC as h 10 10 0, 00 0, 00 0 0 0% 0% 0% 0% D 4. ry 3. hi ne 2. rM ac 15 Dr Machinery 100,000 Cr Cash 100,000 Dr Cash 100,000 Cr Machinery 100,000 Dr Maintenance Expense 100,000 Cr Cash 100,000 Dr Cash 100,000 Cr Maintenance Expense 100,000 D 1. 102 9. Pay $2,000,000 to overhaul equipment. ,0 00 2, D rC as h ce an 00 0 Ex p. .. ,0 00 00 0 D rM ai nt en h 2, ,0 00 ,0 0 0 0% 0% 0% 0% rC as 4. t2 3. D 2. rE qu ip m en 15 Dr Equipment 2,000,000 Cr Cash 2,000,000 Dr Cash 2,000,000 Cr Equipment 2,000,000 Dr Maintenance Expense 2,000,000 Cr Cash 2,000,000 Dr Cash 2,000,000 Cr Maintenance Expense 2,000,000 D 1. 103 10. Receive $20,000 interest from the bonds we hold of another company. 0% ue 20 2. .. ,0 00 0% en h tR ev rI nt er es D 2. Dr Cash 20,000 Cr Interest Revenue 20,000 Dr Interest Revenue 20,000 Cr Cash 20,000 rC as 1. D 15 104 11. Sell bond investment for $370,000. Loss…..Cost 400,000 – sale 370,000 = 30,000 ... 0 st m en t4 37 In ve h rC as D rB on d D es In v 0, 00 0 tm en t. .. 0, 00 37 h 4. 0% 0% 0% 0% rC as 3. rB on d 2. D 15 Dr Cash 370,000 Cr Bond Investment 370,000 Dr Bond Investment 370,000 Cr Cash 370,000 Dr Cash 370,000 Dr Loss on Sale 30,000 Cr Bond Investment 400,000 Dr Bond Investment 400,000 Cr Cash 370,000 Cr D 1. 105 12. Sell treasury stock for $550,000. Gain…..Sale 550,000 – cost 500,000 = 50,000 0, 00 D rC as h 55 0, 00 D rC as h 55 0, 00 0 0% 0 0% 0 0% 55 3. h 2. rC as 15 Dr Cash 550,000 Cr Treasury Stock 500,000 Cr Gain on Sale 50,000 Dr Cash 550,000 Cr Treasury Stock 500,000 Cr Retained Earnings 50,000 Dr Cash 550,000 Cr Treasury Stock 500,000 Cr PIC Treasury Stock 50,000 D 1. 13. Pay employees on pay day. Gross salaries are $4,000,000. 106 Federal Withholding…..400,000 State Withholding…..150,000 FICA…..8% x 4,000,000 = 320,000 SDI…..1% x 4,000,000 = 400,000 0% 3, h rC as D Ex pe 09 0 ns e ... ,0 00 0% ar ie s 2. rS al 15 Dr Salaries Expense 4,000,000 Cr Federal WH Payable 400,000 Cr State WH Payable 150,000 Cr FICA Payable 320,000 Cr SDI Payable 40,000 Cr Cash 3,090,000 Dr Cash 3,090,000 Dr Federal WH Payable 400,000 Dr State WH Payable 150,000 Dr FICA Payable 320,000 Dr SDI Payable 40,000 Cr Salaries Expense 4,000,000 D 1. 107 14. Accrue payroll taxes. Gross salaries are $4,000,000. FICA…..8%, x 4,000,000 = 320,000 FUTA…..2% x 4,000,000 = 80,000 SUTA…..4% x 4,000,000 = 160,000 0% ya ax bl e Ex 32 pe n. . 0, 00 0 0% D rF IC A Pa lT 2. rP ay ro l 15 Dr Payroll Tax Expense 560,000 Cr FICA Payable 320,000 Cr FUTA Payable 80,000 Cr SUTA Payable 160,000 Dr FICA Payable 320,000 Dr FUTA Payable 80,000 Dr SUTA Payable 160,000 D 1. 108 15. End of year. Record depreciation on the equipment (5 year lives, Sum of the Years Digits method) 1+2+3+4+5 = 15 5/15 x 42,000,000 = 14,000,000 15 00 ... en tD Dr ep Eq re ui c.. pm . en tA cc um ... i... 14 ,0 re c Dr Eq ui pm en t De p en t ip m Eq ui pm Dr 3. 0% 0% 0% 0% Eq u 2. Dr Equipment Depreciation Expense 14,000,000 Cr Equipment 14,000,000 Dr Equipment 14,000,000 Cr Equipment Depreciation Expense 14,000,000 Dr Equipment Depreciation Expense 14,000,000 Cr Equipment Accumulated Depreciation 14,000,000 Dr 1. 109 16. End of year. Record depreciation on the machinery (5 year lives, Double Declining Balance Method) 1/5 = 20% x 2 = 40% x 60,000,000 = 24,000,000 15 i... Ac pr ec hin Dr Ma c hin ery De ery 24 Ma c hin Ma c cu m. .. 00 0,0 ... ,00 pr ec De ery hin ery Dr 4. 0% 0% 0% 0% Dr 3. Ma c 2. Dr Machinery Depreciation Expense 24,000,000 Cr Machinery 24,000,000 Dr Machinery 24,000,000 Cr Machinery Depreciation Expense 24,000,000 Dr Machinery Depreciation Expense 24,000,000 Cr Machinery Accumulated Depreciation 24,000,000 Dr Machinery Accumulated Depreciation 24,000,000 Dr 1. 110 17. End of year. Accrue $1,000,000 interest on Bonds Payable. Dr Interest Payable 1,000,000 4. No te ,0. .. le 1 sP ay ab se ... Dr Dr Int e res tE xp en se 1.. . res tE xp en ble ay a tP Int e ... 0% 0% 0% 0% Dr 3. Cr Interest Payable 1,000,000 Dr Interest Expense 1,000,000 Cr Notes Payable 1,000,000 Dr Notes Payable 1,000,000 res 2. Cr Interest Expense 1,000,000 Dr Interest Expense 1,000,000 Int e 1. Dr 15 111 18. End of year. Transfer 6,234,356 Net Loss to Retained Earnings. 15 0% 6,2 3 Lo ss Ne t Dr i ne dE arn ing 4,3 s.. . 56 0% Re ta 2. Dr Retained Earnings 6,234,356 Cr Net Loss 6,234,356 Dr Net Loss 6,234,356 Cr Retained Earnings 6,234,356 Dr 1. TOP FLITE 112 1 GOOD MANAGEMENT13 FORREST GUMP 114 115 ...
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This note was uploaded on 11/03/2010 for the course ACCT 325 taught by Professor Anderson,p during the Winter '09 term at Azusa Pacific.

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