BProblemsChapter 2 - Problem 2-2 J.L GREGORY COMPANY...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Problem 2-2 J.L. GREGORY COMPANY BALANCE SHEET, JUNE 30, ----. Assets Liabilities Cash ......................................................................................................................................................................................... $ 89,000 Accounts payable ......................................................................... $ 241,000 Marketable securities ............................................................................................................................................................... 379,000 Taxes payable ............................................................................... 125,000 Accounts receivable ................................................................................................................................................................. 505,000 Accrued expenses ......................................................................... 107,000 Inventories 513,000 Current liabilities .......................................................................... 473,000 Current assets .................................................... ............................................................................................................................................................................................ 1,486,000 Notes payable ............................................................................... 200,000 Land ......................................................................................................................................................................................... 230,000 Bonds payable .............................................................................. 700,000 Buildings .................................................................................................................................................................................. 1,120,000 Total liabilities ............................................................................. 1,373,000 Accumulated depreciation ........................................................................................................................................................
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern