Written Assignment Page 6

Written Assignment Page 6 - Cash 12,500,000 «- Correct! (g)

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
P13-02 Page 1 Student Name: Dustin Taylor Class: ACC-202 Problem 13-02 CAMDEN BIOTECHNOLOGY General Journal Date Account Debit Credit 2011 (a) No entry (b) Cash 12,000,000 Notes Payable 12,000,000 «- Correct! (c) Cash 2,600 Liability-refundable deposits 2,600 «- Correct! (d) Accouns receivable 4,346,000 «- Correct! Sales revenue 4,100,000 Sales tax payable 246,000 (e) Interest expense 300,000 Interest payable 300,000 «- Correct! 2012 (f) Cash 10,000,000 Bonds payable 10,000,000 «- Correct! Interest expense 200,000 Interest payable 300,000 Notes payable 12,000,000
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Cash 12,500,000 «- Correct! (g) Liability-refundable deposits 1,300 Cash 1,300 «- Correct! CAMDEN BIOTECHNOLOGY Partial Balance Sheet December 31, 2011 Current Liabilities: Accounts payable $252,000 Current portion of bank loan 2,000,000 Liability - refundable deposits 2,600 Sales taxes payable 246,000 Accrued interest payable 300,000 Total current liabilities $2,800,600 «- Correct! Long-Term Liabilities: Bank loan to be refinanced on a long-term basis $10,000,000 «- Correct! P13-02 Page 2...
View Full Document

This note was uploaded on 09/12/2011 for the course ACC 202 taught by Professor Lavey during the Spring '11 term at Edison State College.

Page1 / 2

Written Assignment Page 6 - Cash 12,500,000 «- Correct! (g)

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online