HBM 491 (2)
Balance Sheet Exercise (12 points)
Using the account items listed below, prepare a balance sheet using the report
Accounts Payable
$24,150
Accounts Receivable
$21,725
Accrued Expenses
$7,500
Accumulated Depreciation
$597,500
Additional Paid In capital
$22,000
Advance Deposits
$1,750
Allowance for Doubtful Accounts
$1,975
Building
$1,367,500
Cash
$8,000
Common Stock
$299,700
Construction in Progress
$29,250
Current Maturities of Long-term Debt
$27,750
Deferred Charges - uniforms
$6,200
Demand Deposits
$4,750
Food and Beverage Inventories
$21,000
Furnishings & Equipment
$380,250
Goodwill
$47,750
Guest Room Supplies
$6,250
House Banks
$6,250
Long term mortgage
$382,000
Non-Current Operating Equipment
$12,750
Obligations under capital leases
$300,000
Operating Equipment - current
$10,000
Prepaid Expenses
$5,400
Retained Earnings
$287,500
Short term investments
$5,750
Treasure Stock Acquired
$25,750
Unredeemed Gift Certificates
$6,750
format on the 2nd page. Please use MS Excel
to work on this assignment.
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- Fall '19
- Balance Sheet, Generally Accepted Accounting Principles, Furnishings & Equipment, account items
