WEEK3Project - Balance Sheet Green Corporation Balance...

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Balance Sheet Page 1 Green Corporation Balance Sheet December 31, 2010 Assets Current Assets Cash $98,500.00 Trading Securities (at cost, $145000) $76,500.00 Accounts Receivable $217,500.00 Less: Allowance for Doubtful Accounts $12,500.00 $205,000.00 Inventories $298,500.00 Total current assets $678,500.00 Long Term Investments Long-term investments in bonds $149,500.00 Long-term investments in stocks $138,500.00 Total long term investments $288,000.00 Property, Plant, and Equipment Land $130,000.00 Buildings $520,000.00 Less: Accumulated Depreciation – Buildings $76,000.00 $444,000.00 Equipment $300,000.00 Less: Accumulated Depreciation – Equipment $30,000.00 $270,000.00 Prior Period Adjustment – Depreciation Error $70,000.00 Total property, land, and equipment $914,000.00 Intangible Assets Franchise (net of $80000 amortization) $80,000.00 Patent (net of $30000 amortization) $97,500.00 Total intangible assets $177,500.00 Total Assets $2,058,000.00 Liabilities and Stockholders' Equity
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WEEK3Project - Balance Sheet Green Corporation Balance...

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