Week 6 - 2/1/2009 PPE 17,600 A/P 17,600 4/1/2009 A/P 17,600...

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Unformatted text preview: 2/1/2009 PPE 17,600 A/P 17,600 4/1/2009 A/P 17,600 Foreign exchange loss 400 Cash 18,000 6/1/2009 Inventory 14,100 A/P 14,100 8/1/2009 A/R 19,200 Sales 19,200 COGS 9,870 9000 Inventory 9,870 10/1/2009 Cash 14,700 A/R 14,400 Foreign exchange gain 300 11/1/2009 A/P 9,400 Foreign exchange loss 600 Cash 10,000 12/31/2009 A/R 400 Foreign exchange gain 400 Foreign exchange loss 500 A/P 500 2/1/2010 Cash 5,400 A/R 4,800 Foreign exchange gain 600 3/1/2010 A/P 4,700 Foreign exchange loss 800 Cash 5,500 Given P10-34: SENDELBACH CORPORATION Ledgers for subsidiary as of December 31, 2009 Main Operation - Canada Debit Credit (C$) (C$) Accounts payable 35,000 Accumulated depreciation 27,000 Buildings and equipment 167,000 Cash 26,000 Common stock 50,000 Cost of goods sold 203,000 Depreciation expense 8,000 Dividends paid, 4/1/09 28,000 Gain on sale of equipment, 6/1/09 5,000 Inventory 98,000 Notes payable - due in 2012 76,000 Receivables 68,000 Retained earnings, 1/1/09 135,530 Salary expense 26,000 Sales 312,000 Utility expense 9,000 Branch operation 7,530 Total 640,530 640,530 Branch Operation - Mexico Debit Credit (Ps.) (Ps.) Accounts payable 49,000 Accumulated depreciation 19,000 Buildings and equipment 40,000 Cash 59,000 Depreciation expense 2,000 Inventory (beginning-income statement) 23,000 Inventory (ending-income statement) 28,000 Inventory (ending-balance sheet)...
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This note was uploaded on 01/13/2011 for the course ACCT AC555 taught by Professor George during the Spring '10 term at DeVry Chicago.

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Week 6 - 2/1/2009 PPE 17,600 A/P 17,600 4/1/2009 A/P 17,600...

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