Copy of Acct 201Excel assignment 3

Copy of Acct - Accounts payable 455,000 Short-term notes payable 90,000 Dividends payable 136,000 Accrued liabilities 96,000 Total current

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John Nalezny Corporation Balance Sheet December 31, 2007 Assets Current assets: Cash 197,000 Short-term investment 145,000 Recievables 435,000 Less: Allowance for uncollectible Accounts 25,000 410,000 Inventories 597,000 Total current assets 1,349,000 Investments in Stocks 277,000 Investments in Bonds 299,000 Property, plant, and equipment: Land 260000 Building 1,040,000 Machinery and equipment 600,000 less: Accumulated depreciation-building 152,000 Accumulated depreciation-equipment 60,000 Net property, plant, and equipment 1,688,000 Intangibles: Patents 195,000 Franchise 160,000 Total assets 3,968,000 Current liabilities: Liabilities and Shareholders' Equity
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Unformatted text preview: Accounts payable 455,000 Short-term notes payable 90,000 Dividends payable 136,000 Accrued liabilities 96,000 Total current liabilities: 777,000 Long-term liabilities: Note payable 900,000 Bonds Payable 1,000,000 Total long-term liabilities: 1,900,000 Shareholders' equity: Common stock, $5 par, shares authorized 200,000shares issued and outstanding 1,000,000 Additional paid-in capital 80,000 Retained Earnings 78,000 Total sharesholders' equity 1,158,000 Deduct: treasury stock(38,200 Shares) 191,000 Total liabilities and sharesholders' equity 3,644,000 324,000...
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This note was uploaded on 02/12/2012 for the course ECONOMICS 101 taught by Professor Obiene during the Spring '11 term at Essex County College.

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