36157665-Case-6-1 - Rafael Formoso, Cathrene Lugtu, Micah...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Rafael Formoso, Cathrene Lugtu, Micah Mendoza Acc 20 F Case 6-1 30-Jul-10 T-ACCOUNTS: Finished Goods Inventory Depreciation, Plant Interest Expense 257,040 1,806,624 140,400 38,400 1,901,952 2,158,992 1,806,624 Social Security Taxes Income Tax Expense 352,368 49,200 58,000 Work in Process Inventory Taxes and Insurance, Cash 172,200 1,901,952 Factory 118,440 144,000 811,000 52,800 264,000 78,000 1,129,200 2,604,000 492,000 198,000 2,112,400 1,901,952 Supplies Expense 49,200 210,448 61,200 135,600 522,000 38,400 Materials Sales 788,400 110,520 811,000 2,562,000 9,000 825,000 36,000 52,200 935,520 811,000 Sales Returns 124,520 And Allowances 2,986,440 2,542,800 19,200 443,640 Direct Manufacturing Labor Sales Discounts Accounts Receivables 492,000 49,200 311,760 19,200 2,562,000 49,200 2,604,000 Indirect Manufacturing Cost of Goods Sold Labor 1,806,624 2,873,760 2,672,400 198,000 201,360 Expense 135,600 522,000 Supplies Notes Payable
Background image of page 1

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

View Full DocumentRight Arrow Icon
17,280 61,200 288,840 66,000 264,000 83,280 61,200 552,840 22,080 Income Taxes Payable 9,000 9,000 66,720 52,800 5,800 78,000 9,000 14,800 144,720 52,800 5,800 91,920 Capital Stock 1,512,000 2,678,400 144,000 Retained Earnings 2,822,400 36,000 829,560 68,576 Accumulated Depreciation, 36,000 898,136 862,136 907,200 140,400 1,047,600 Accounts Payable 788,400 185,760 825,000 66,000 788,400 1,076,760 288,360 EXHIBIT 1: BALANCE SHEET
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 12/07/2011 for the course MBA 0001 taught by Professor Akshat during the Spring '09 term at Institute of Management Technology.

Page1 / 11

36157665-Case-6-1 - Rafael Formoso, Cathrene Lugtu, Micah...

This preview shows document pages 1 - 3. Sign up to view the full document.

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