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1. GREEN Company provided the following accounts on December 31, 2022: Cash in bank Accounts receivable Inventories Office supplies Notes receivable Accounts payable Long-term investment Trading securities Land Building Equipment Accrued expenses Bonds payable 1,800,000 2,100,000 800,000 50,000 1,000,000 1,200,000 1,500,000 900,000 1,800,000 2,000,000 1,200,000 200,000 4.000.000

1. GREEN Company provided the following accounts on December 31, 2022: Cash in bank Accounts receivable Inventories Office supplies Notes receivable Accounts payable Long-term investment Trading securities Land Building Equipment Accrued expenses Bonds payable 1,800,000 2,100,000 800,000 50,000 1,000,000 1,200,000 1,500,000 900,000 1,800,000 2,000,000 1,200,000 200,000 4.000.000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Prepare the Statement of Financial Position in good form. Include all of the notes to the financial position. 

1. GREEN Company provided the following accounts on December 31, 2022: Cash in bank Accounts receivable Inventories Office supplies Notes receivable Accounts payable Long-term investment Trading securities Land Building Equipment Accrued expenses Bonds payable Petty cash fund Allowance for doubtful accounts Accumulated depreciation-building Accumulated depreciation-equipment Patent Prepaid advertising Ordinary shares, P100 par Share premium Retained earnings Advances to employees Dividends payable 1,800,000 2,100,000 800,000 50,000 1,000,000 1,200,000 1,500,000 900,000 1,800,000 2,000,000 1,200,000 200,000 4,000,000 30,000 250,000 1,000,000 500,000 300,000 70,000 5,000,000 600,000 850,000 200,000 150,000 Required: Prepare the statement of financial position in good form. Include all of the notes to the Financial Position.
Transcribed Image Text:1. GREEN Company provided the following accounts on December 31, 2022: Cash in bank Accounts receivable Inventories Office supplies Notes receivable Accounts payable Long-term investment Trading securities Land Building Equipment Accrued expenses Bonds payable Petty cash fund Allowance for doubtful accounts Accumulated depreciation-building Accumulated depreciation-equipment Patent Prepaid advertising Ordinary shares, P100 par Share premium Retained earnings Advances to employees Dividends payable 1,800,000 2,100,000 800,000 50,000 1,000,000 1,200,000 1,500,000 900,000 1,800,000 2,000,000 1,200,000 200,000 4,000,000 30,000 250,000 1,000,000 500,000 300,000 70,000 5,000,000 600,000 850,000 200,000 150,000 Required: Prepare the statement of financial position in good form. Include all of the notes to the Financial Position.
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