Common Stock � Premium Builders

Common Stock � Premium Builders - Retained Earnings...

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Common Stock – Premium Builders 140,000 Retained Earnings 10,000 Inventory 7,000 Buildings and Equipment (net) 12,000 Cash and Receivables 2,000 Investment in Premium Builders Stock 167,000 E4-9 Gold Enterprises and Premium Builders Consolidated Balance Sheet Workpaper January 1, 20X5 Gold Premium Eliminations Item Enterpri ses Builders Debit Credit Consolidated Cash and Receivables 80,000 30,000 2,000 108,000 Inventory 150,000 350,000 7,000 507,000 Buildings and Equipment 430,000 80,000 12,000 522,000 Investment in Premium Stock 167,000 167,000 Total Debits 827,000 460,000 1,137,000 Current Liabilities 100,000 110,000 210,000 Long-Term Debt 400,000 200,000 600,000 Common Stock Gold 200,000 200,000 Premium 140,000 140,000 Retained Earnings 127,000 10,000 10,000 127,000 Total Credits 827,000 460,000 169,000 169,000 1,137,000 c.
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E4-7 Common Stock – Faith Corporation 60,000
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Unformatted text preview: Retained Earnings 90,000 Investment in Faith Corporation Stock 150,000 Eliminate investment balance. Blank Corporation and Faith Corporation Consolidated Balance Sheet Workpaper December 31, 20X2 Blank Faith Eliminations Item Corporation Corporation Debit Credit Consolidated Cash 65,000 18,000 83,000 Accounts Receivable 87,000 37,000 124,000 Inventory 110,000 60,000 170,000 Buildings and Equipment 220,000 150,000 370,000 Investment in Faith Corporation Stock 150,000 150,000 Total Debits 632,000 265,000 747,000 Accounts Payable 92,000 35,000 127,000 Notes Payable 150,000 80,000 230,000 Common Stock Blank Corporation 100,000 100,000 Faith Corporation 60,000 60,000 Retained Earnings 290,000 90,000 90,000 290,000 Total Credits 632,000 265,000 150,000 150,000 747,000...
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This note was uploaded on 10/06/2011 for the course FINANCE 101 taught by Professor Uuu during the Spring '11 term at Universidad Metropolitana.

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Common Stock � Premium Builders - Retained Earnings...

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