157_634718044028356491_Sam_s_Town_2011

Expense 12000 12000 19 7 utilities expense 12000 12000

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Unformatted text preview: 0 12,000 19 Advertising Expense 10,000 10,000 19 Rent Payable 8 Interest Payable 5,000 5,000 BB 4,500 9 15 Allowance for Doubtful Accounts 1,500 6 Owners' Equity + Common Stock 60,000 BB 0 BB 1,000 13 Accounts Receivable BB 40,000 40,000 1 4 120,000 1,500 16 160,000 41,500 118,500 16 Liabilities + Accounts Payable 2 80,000 80,000 BB 100,000 3 Taxes Payable 8,000 8,000 BB 7,361.25 18 7 Note Payable 10,000 100,000 BB 90,000 8 9 2,000 BB 5,425 17 5,925 8 135,000 5 135,000 Mortgage Note Payable-Land 0 BB 75,000 11 Interest Expense 5,000 4,500 9,500 9,500 19 14 Depreciation Expense 30,000 30,000 19 Vehicles 0 20,000 18 Tax Expense 14,723 14,723 19 Equipment 200,000 200,000 17 Bad Debt Expense 5,425 5,425 19 3,000 13 Accumulated Depreciation-Equipment 60,000 BB 30,000 14 90,000 Yr Pmt. Interest Orig Land BB 11 0 75,000 BB Goodwill 20,000 1 2 20,000 19,000 10,000 9,000 10% Principal End. Princ. Bal. 100,000 10,000 90,000 10,000 80,000 Sam's Town Balance Sheet December 31, 2011 Assets Current...
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This document was uploaded on 03/23/2014.

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