PROBLEM 2-42 SPREADSHEET

PROBLEM 2-42 SPREADSHEET - SPREADSHEET WHITNI CO DECEMB...

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SPREADSHEET Page 1 TRIAL BA DEBIT CASH $40,250.00 NOTES RECEIVABLE $16,500.00 ACCOUNTS RECEIVABLE $63,000.00 ALLOWANCE FOR BAD DEBT (CREDIT BALANCE) PREPAID INSURANCE 0 INTEREST RECEIVABLE 0 INVENTORY, DECEMBER 31, 2013 $94,700.00 LAND $80,000.00 BUILDINGS $247,600.00 ACCUMULATED DEPRECIATION – BUILDINGS FURNITURE AND FIXTURES $15,000.00 ACCUMULATED DEPRECIATION – FURNITURE AND FIXTURES NOTES PAYABLE ACCOUNTS PAYABLE SALES COMMISSIONS PAYABLE INTEREST PAYABLE INCOME TAX PAYABLE PROPERTY TAX PAYABLE DIVIDENDS PAYABLE COMMON STOCK, $100 PAR RETAINED EARNINGS DIVIDENDS 0 SALES SALES RETURNS AND ALLOWANCES $17,000.00 COST OF GOODS SOLD $465,800.00 DEPRECIATION EXPENSE – BUILDINGS 0 DEPRECIATION EXPENSE – FURNITURE AND FIXTURES 0 UTILITIES EXPENSE $16,700.00 BAD DEBT EXPENSE PROPERTY TAX EXPENSE $10,200.00 INCOME TAX EXPENSE 0 SALARIES AND WAGES EXPENSE $89,000.00 SALES COMMISSIONS EXPENSE $73,925.00 INSURANCE EXPENSE $18,000.00 INTEREST REVENUE INTEREST EXPENSE $2,400.00 TOTALS $1,250,075.00 NET INCOME
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PROBLEM 2-42 SPREADSHEET - SPREADSHEET WHITNI CO DECEMB...

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