Judy Beasley-AC501-02-Unit 2-Textbook Assignments

Judy Beasley-AC501-02-Unit 2-Textbook Assignments - Judy...

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Judy Beasley AC501-02 December 13, 2011 Text book Assignments Exercises Chapter 4 E4-4 Preparation of a Classified Balance Sheet Denis Savard Inc. Balance Sheet December 31, 20XX Asse ts Curr ent Asse ts C ash XX L ess: Cas h Rest ricte d for plan t expa nsio n XX XX A ccou nts Rec eiva ble XX L ess: Allo wan ce for dou btful XX XX N otes Rec eiva ble XX R XX
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ecei vabl e- offic ers In vent ories F inish ed Goo ds XX W ork in Proc ess XX R aw mate rials XX XX To tal cu rre nt As set s XX X Lon g- Ter m Inve stme nts Pr eferr ed Stoc k XX L and Held for futur e plan t site XX
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C ash Rest ricte d for Plan t Exp ansi on XX To tal Lo ng - Te rm As set s XX X Prop erty, Plan t, and Equi pme nt B uildi ngs XX L ess: Acc umu lated Dep recia tion- buil ding s XX XX X Inta ngib le Asse ts C opyr XX X
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ights To tal As set s XX X Liab ilitie s Curr ent Liab ilitie s A ccru ed Sala ries Paya ble XX N otes Paya ble XX U near ned Rent Rev enue XX U near ned Subs cript ion Rev enue XX To tal Cu rre nt Li ab ilit ies XX X
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Long- Term Liabil ities Bo nds Payab le XX L ess: Disco unt on bonds payab le XX XXX T o t a l L i a b il it i e s XXX Stock holder s' Equit y Capita l Stock Co mmon Stock XX Additi onal Paid in Capita l Sha red Premi um XX
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Ret ained Earni ngs XX T o t a l P a i d i n C a p it a l a n d R e t a i n e d E a r n i n g s XXX Tre asury Stock XX L ess: Treas ury Stock XX XXX T o t a XXX
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l S t o c k h o l d e r s' E q u it y T o t a l L i a b il it i e s a n d S t o c k h o l d e r s E q u it XXX
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E4-9 Current Assets and Current Liabilities A) Restate the current assets and liabilities sections of the balance sheet Current Assets Cash $ 34,396 Accounts Receivable $91,300 Less: Allowance for doubtful-accounts $7,000 $ 84,300 Inventories $ 159,000 Prepaid Expenses $ 9,000 Total Current Assets
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This note was uploaded on 03/11/2012 for the course BUSINESS AC501 taught by Professor Smith during the Spring '12 term at Kaplan University.

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Judy Beasley-AC501-02-Unit 2-Textbook Assignments - Judy...

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