IntermediateAccountingweek5

IntermediateAccountingweek5 - P4-4 Name: Martinia Akers 1....

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P4-4 Name: Martinia Akers 1. In the shaded cells, enter the appropriate account titles in column B and amounts in columns F,H, and J. An asterisk (*) will appear next to incorrect amounts for specific cells. INTERNATIONAL PRODUCTS COMPANY Balance Sheet December 31, 2010 Assets Current Assets Cash $8,200 Accounts Receivable $13,800 Less Allowance For doubtable accounts (700) 13,100 Inventory 24,400 Prepaid Items Prepaid Insurance $900 Office Supplies 1,900 2,800 Total current assets $48,500 Long-Term Investments Investment in Held to Maturity Bonds $9,000 Sinking Fund for bond retirement 4,000 Total Long Term Investments 13,000 Property, Plant, and Equipment Land $9,500 Buildings $50,000 Accumulated Depreciation Buildings (12,400) 37,600 Equipment $29,000 0 Accumulated Depreciation Equipment (8,300) 20,700 Total Property Plant and Equipment 67,800 Intangible Assets Patents (net)
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This note was uploaded on 11/30/2010 for the course ACCOUNTING acc 301 taught by Professor Jaquiline during the Spring '10 term at Kaplan University.

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IntermediateAccountingweek5 - P4-4 Name: Martinia Akers 1....

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