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Week2Ch3HWProblems - 3-22 Exercise 3-22 Balance Sheet...

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Unformatted text preview: 3-22 Exercise 3-22 Balance Sheet Classification 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 ACCOUNTS Discount on Bonds Payable Stock of Subsidiary Corporation 12% Bonds Payable (due in 6 months) U.S. Treasury Bills Income Taxes Payable Sales Taxes Payable Estimated Claims under Warranties for Service and Replacements Par Value of Stock Issued and Outstanding Unearned Rent Revenue (6 months in advance) Long Term Advances to Officers Interest Receivable Preferred Stock Retirement Fund Trademarks Allowance for Bad Debts Dividends Payable Accumulated Depreciation Trading Securities Prepaid Rent Prepaid Insurance Deferred Income Tax Asset Page 1 CLASSIFICATION f b f a f f h I f e a j d a f c a a a e 3-22 CLASSIFICATION (-) (-) (-) Page 2 3-26 Company Balance Sheet 12/31/11 ASSETS Current Assets LIABILITIES Current Liabilities Notes Payable Accounts Payable Salaries Payable Eatimated Warranty Expense Payable Accrued Expenses Income Taxes Payable Cash Interest receivable Accounts ReceivableBad Less: Allowance for Debts Inventory Prepaid Insurance Total Current Assets Non-Current Assets Investments Investment Securities Investment in Subsidiary Non-Current Liabilities Bonds Premium on Bonds ADD: Payable Payable Net Pension Asset Total Investments Property, Plant & Equipment Land Buildings Less: Accum. Depreciation Buildings Equipment Depreciation Less: Accum. Equipment Intangible Assets Goodwill Patents Deferred Income Tax Liability Total Liabilities Total Prop.; Plant & Equip STOCKHOLDERS' EQUITY Common Stock Retained Earnings Total Intangible Assets Total NonCurrent Assets Less:in Capital from Sale of Paid Dividends Treasury Stock in Excess of Paid in Capital Stated Value Total Stockholders' Equity Other Assets Total Assets Total Liab. & Stockholders' Equity Page 3 3-26 es otes Payable ccounts Payable laries Payable timated Warranty Expense yable ccrued Expenses come Taxes Payable Total Current Liabilities bilities onds Premium on Bonds DD: Payable yable eferred Income Tax NonTotal Liability Current Liabilities RS' EQUITY ommon Stock etained Earnings ss: Dividends id in Capital from Sale of easury Stock in Excess of id in Capital ated Value tal Stockholders' Equity ckholders' Equity Page 4 ...
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