Intermediate Accounting Week 2 Ch 4

Intermediate Accounting Week 2 Ch 4 - 422. Debit changes in...

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4–22. Debit changes in accounts during 2008 other than Retained Earnings: Cash. ......................................................................... $ 65,200 Accounts Receivable. ............................................. 82,000 Buildings and Equipment (net). ............................. 170,000 Accounts Payable. ................................................... 85,000 $402,200 Credit changes in accounts during 2008 other than Retained Earnings: Inventory. ................................................................. $ 25,000 Patents. .................................................................... 5,000 Bonds Payable. ........................................................ 120,000 Capital Stock. ........................................................... 50,000 Additional Paid-In Capital. ...................................... 50,000 250,000 Change in Retained Earnings for 2008. ...................... $152,200 Add: Dividends declared. ............................................. 20,000 Net income. .................................................................... $ 172,500 4–28. Caribou Inc.
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This note was uploaded on 05/29/2011 for the course EC 2011 taught by Professor Johnson during the Spring '11 term at FIT.

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Intermediate Accounting Week 2 Ch 4 - 422. Debit changes in...

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