Ch1_2 examples - &2 PARTI ,,2010 yearend,isbelow...

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ACCT 207                CLASS EXAMPLES – CHAPTERS 1 & 2 PART I: The following information for Diamond Manufacturing Corporation, effective as of August 31, 2010  year-end, is below: Accounts Payable $834 Interest Expense  $400 Accounts Receivable      810 Inventories    967 Building, net of Accum. Dep.*             1,537 Land            1,400 Cash      570 Long Term Debt            3,500 Common Stock     900 Long Term Investments               1,000 Cost of Goods Sold                 990 Notes Payable (Due in 1 Yr)       1,200 Current Portion of Long Term Debt   450 Other Long Term Liabilities          1,000
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