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Unformatted text preview: 1,000 Food inventory 7,500 Additional paid-in capital 20,000 Common stock 100,000 Retained earnings 12/31/2001 23,200 Beverage inventory 9,200 Accrued salaries 3,000 Income taxes payable 5,200 Notes payable (due in 2005) 80,000 Prepaid expenses 5,100 Net income for the year 2002 10,200 Land 50,000 Dividends declared in 2002 7,200 Building 120,000 Bakers Restaurant Balance Sheet December 31, 2002 ASSETS Current Assets Cash Less: Allowance for doubtful accounts Prepaid Expenses Total Current Assets 89,400 Property & Equipment Total Property & Equipment Less: Accumulated depreciation Net Book Value, Property & Equipment Other Assets Goodwill Total Assets LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Accrued Salaries Income Tax Payable Total Current Liabilities 38,200 Long Term Liabilities Notes Payable Total Liabilities Shareholder's Equity Common Stock Total Shareholders' Equity 146,200 Total Liabilities + Shareholders' Equity...
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This note was uploaded on 10/08/2011 for the course HTM 458 taught by Professor Bu during the Spring '09 term at S.F. State.
- Spring '09