Ch 5 - Neha Shah 10/9/11 Intermediate Accounting I...

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Neha Shah 10/9/11 Intermediate Accounting I Professor Pawlak Chapter 5 E5-2 1. Preferred Stock - b 2. Goodwill -d 3. Salaries and wages payable - f 4. Accounts payable-f 5. Buildings-a 6. Equity investments (trading)-b 7. Current portion of long-term debts-g 8. Premium on bonds payable-f 9. Allowance for doubtful accounts-a 10. Accounts receivable-a 11. Cash surrender value of life insurance-e 12. Notes payable (due next year)-g 13. Supplies-a 14. Common stock-h 15. Land-a 16. Bond sinking fund-b 17. Inventory-a 18. Prepaid insurance-a 19. Bonds payable-f 20. Income tax payable-f E5-5 Bruno Company Balance Sheet December 31, 2012 Current Assets Cash $260,000 Accounts receivable 340,000 Allowance for doubtful accounts 17,000 Property, Plant, and Equipment Building 570,000 Less: accumulated depreciation for buildings 160,000 Office equipment 160,000 Less: accumulated depreciation for equipment 105,000 Land held for future use 175,000 Intangible Assets Goodwill 80,000 Cash surrender value of life insurance 90,000 Pre-paid expenses 12,000
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Ch 5 - Neha Shah 10/9/11 Intermediate Accounting I...

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