changeTB - Changes in the Account Balances Cash Accounts...

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Changes in the Account Balances Balance Balance Difference 2007 2006 Inc. (Decrease) Cash 12,000 7,000 5,000 Accounts Receivable 55,000 53,000 2,000 Inventory 35,000 56,000 (21,000) Supplies 1,000 2,000 (1,000) Prepaid Insurance 2,000 3,000 (1,000) Equipment 92,000 105,000 (13,000) Building 400,000 375,000 25,000 Accumulated Depreciation (40,000) (30,000) (10,000) Land 100,000 75,000 25,000 Investments in Apple Computer 76,000 70,000 6,000 733,000 716,000 17,000 Accounts Payable 75,000 80,000 (5,000) Notes Payable 200,000 130,000 70,000 Bonds Payable 300,000 400,000 (100,000) Common Stock 45,000 30,000 15,000 Retained Earnings 123,000 76,000 47,000 **** Treasury Stock (10,000) 0 (10,000) 733,000 716,000 17,000 **** Assume that net income = $50,000 and dividends were $3,000 so the difference = 47,000
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Changes in the Account Balances Balance Balance Difference 2007 2006 Inc. (Decrease) Cash 12,000 7,000 5,000 Accounts Receivable 55,000 53,000 2,000 Inventory 35,000 56,000 (21,000) Supplies 1,000 2,000 (1,000) Prepaid Insurance 2,000 3,000 (1,000) Equipment 92,000 105,000 (13,000) Building 400,000 375,000 25,000 Accumulated Depreciation (40,000) (30,000) (10,000) Land 100,000 75,000 25,000 Investments in Apple Computer 76,000 70,000 6,000 733,000 716,000 17,000 Accounts Payable 75,000 80,000 (5,000) Notes Payable 200,000 130,000 70,000 Bonds Payable 300,000 400,000 (100,000)
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This note was uploaded on 09/30/2011 for the course ACCT 303 taught by Professor Staff during the Spring '11 term at S.F. State.

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changeTB - Changes in the Account Balances Cash Accounts...

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