Week 4 Individual

Week 4 Individual - E5-5 Cash Trading securities - at fair...

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Balance Sheet E5-5 12/31/2007 Cash $230,000.00 Trading securities - at fair value $120,000.00 A/R $357,000.00 Less Allowance for debt $17,000.00 $340,000.00 Inventories $401,000.00 Prepaid Expenses $12,000.00 Total Current Assets $1,103,000.00 Long Term Investments Land held for future use $175,000.00 Cash for life insurance $90,000.00 $265,000.00 Property plant and Equipment Building $730,000.00 less depreciation $160,000.00 $570,000.00 Office Equipment $265,000.00 less depreciation $105,000.00 $160,000.00 $730,000.00 Intangabile Assets Goodwill $80,000.00 Total Assets $2,178,000.00 Liabilites & Stockholders Equity Current Liabilities A/P $135,000.00 Notes Payable $125,000.00 Rent Payable $49,000.00 Total Current Liabilities $309,000.00 Long Term Liabilities Bonds payable $500,000.00 Premium on bonds $53,000.00 $553,000.00 Pension $82,000.00 Bonds payable (Add) $635,000.00 Total Liabilities $944,000.00 Stockholders Equity Common stock $290,000.00 Paid in capitol (ADD) $160,000.00
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Week 4 Individual - E5-5 Cash Trading securities - at fair...

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