Balance Sheet

Balance Sheet - $70,000 Account Payable 15,000 Salaries...

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CAITLIN WRIGHT CORP BALANCE SHEET FOR THE YEAR ENDED DECEMBER 31, 2008 Assets Current Assets Cash  $352,600  Accounts Receiveable  $111,000  Allowance for doubtful accounts 29,340 81,660 Notes Receivable 110,000 Interest Receivable 2,200 Merchandise inventory 75,000 Supplies 2,336 Total Current Assets 623,796 Property, Plant, and equipment Equipmet  $140,000  Accumulated Depr. On Equipmet 41,100 98,900 Land 70,000 Building 98,000 Accumulated depr. On Building 24,100 73,900 Total Property, Plant, and equipment 242,800 Total Assets Liabilities and Stockholders' Equity Current Liabilities Notes Payable
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Unformatted text preview: $70,000 Account Payable 15,000 Salaries Payable 21,500 Interest Payable 1,400 Income Tax Payable 11,250 Divident Payable 25,000 Unearned Revenue 4,500 Total Current Liabilities Long-turm Liabilities Bonds Payable 100,000 Total Long-turm Liabilities Total Liabilities Stockholders' Equity 300,000 Retaining Earnings 317,946 Total Stockholders' Equity Common- authorized, issued and outstanding 100,000 shares of $3 par value Total Liabilities and Stockholders' Equity 8 $866,596 148,650 100,000 248,650 617,946 $866,596...
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Balance Sheet - $70,000 Account Payable 15,000 Salaries...

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