Weismuller Publishing Company

Weismuller - Total Assets $992,000 Current Liabilities A/P $60,000 N/P $40,000 UnErnd Rev $80,000 I/P $20,000 Tax Pay $30,000 Maturity of LT debt

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Weismuller Publishing Company Balance Sheet @ December 31, 2011 Current Assets: Cash and Cash Equivalents $95,000 Short term Investment $110,000 A/R, net allow. For Uncoll.($16,000) $144,000 Inventory $285,000 Ppd Expenses $88,000 Total Current Assets $722,000 Property, Plant and Equipment: Machinery & Equipment $320,000 Less A/D ($110,000) Net P.P. &E. $210,000 Other Assets: Ppd Expenses $60,000
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Unformatted text preview: Total Assets $992,000 Current Liabilities: A/P $60,000 N/P $40,000 UnErnd Rev. $80,000 I/P $20,000 Tax Pay. $30,000 Maturity. of LT debt $20,000 Total Current Liab. $250,000 N/P $140,000 SH. Equity: Common Stock, no par value, 400,000 issued 800,000 sh authorized $400,000 R/E $202,000 Total sh. Eqity $602,000 Total Liability and sh holder equity $992,000...
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This note was uploaded on 04/06/2012 for the course ACCT 3130 taught by Professor Metrejean during the Spring '08 term at Georgia Southern University .

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Weismuller - Total Assets $992,000 Current Liabilities A/P $60,000 N/P $40,000 UnErnd Rev $80,000 I/P $20,000 Tax Pay $30,000 Maturity of LT debt

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