Ch16HW - PETE'S VIDEO Balance Sheet 31-Dec-07 Assets...

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PETE'S VIDEO Balance Sheet 31-Dec-07 Assets Current Assets Cash $26,000.00 Merchandise Inventory $9,000.00 Total Current Assets $35,000.00 Plant and Equipment Equipment $16,000.00 Total Plant and Equipment $16,000.00 Total Assets $51,000.00 Liabilities Current Liabilites Accounts Payable $20,000.00 Total Current Liabilities $20,000.00 Owner's Equity Pete Reese: capital $31,000.00 Total liabilites and owners equity $51,000.00
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BROWN COMPANY Comparative Balance Sheet December 31, 2006 and 2007 INCREASE(DECREASE) 2007 2006 Amount Percent Assets Current Assets Cash $15,750.00 $10,500.00 5,250.00 50.00% Accounts receivable $1,800.00 $13,500.00 (11,700.00) -86.67% Merchandise inventory $18,750.00 $22,500.00 (3,750.00) -16.67% Prepaid advertising $54,000.00 $45,000.00 9,000.00 20.00% Total Current Assets $90,300.00 $91,500.00 (1,200.00) -1.31% Plant and Equipment Building (net) $120,000.00 $126,000.00 (6,000.00) -4.76% Land $90,000.00 $90,000.00 - 0.00% Total Plant and Equipment $210,000.00 $216,000.00
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This note was uploaded on 04/12/2011 for the course ACCT 1011 taught by Professor Lawrenceroman during the Fall '07 term at Cuyahoga CC.

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Ch16HW - PETE'S VIDEO Balance Sheet 31-Dec-07 Assets...

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