Excel_Student_03-43kathyhaines

Excel_Student_03-43kathyhaines - 03-43 Name: A work sheet...

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03-43 Name: A work sheet can be prepared to facilitate the preparation of a corrected balance sheet. Enter the appropriate amounts/formulas in the blue-shaded cells in columns D, F, I, L, N, and P. The word "Wrong" will appear to the left of incorret entries. Balance Sheet C Account Title Debit Credit Debit Current Assets 286,800 Other Assets 630,600 Current Liabilities 158,920 (c) 158,920 Other Liabilities 200,000 (d) 200,000 Owners' Equity 558,480 (e) 558,480 917,400 917,400 Cash (a) 51,000 Investment Securities – Trading (a) 40,000 Accounts Receivable (a) 68,300 Inventories (a) 124,000 Advertising Supplies (a) 3,500 Property, Plant and Equipment (b) 775,000 Accum. Depr. - Buildings and Equipment Retained Earnings (b) 65,400 (f) 236,520 Deposit with Supplier (b) 10,700 Payroll Payable Taxes Payable Rent Payable Accounts Payable Notes Payable Note Receivable (c) 5,000 Mortgage Payable (current portion) Mortgage Payable (noncurrent portion) Preferred Stock (15,000 shares at $20 par) Common Stock (175,000 shares at $1 stated value)
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This note was uploaded on 08/12/2011 for the course ACCT 2201 taught by Professor Alvarez during the Spring '11 term at FIT.

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Excel_Student_03-43kathyhaines - 03-43 Name: A work sheet...

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