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ACCOUNT 2003 2002 CHANGE IN PERCENTAGE AMOUNT CASH 40,200 44,300 ACC REC. 131,400 127,600 MERCHANDISE 92,200 88,100 INV PREPAID 3,700 4,100 INSURANCE OFFICE SUPPLIES 6,200 4,000 TOTAL CURRENT ? ? ASSETS LAND 154,000 154,000 BUILDING 231,700 237,000 FIXTURES 23,900 21,400 VEHICLES 55,100 64,000 COMPUTERS 16,800 13,000 TOTAL NON- CURRENT ASSETS TOTAL ASSETS ACCOUNTS 51,800 55,700 PAYABLE SALARIES 25,100 23.200 PAYABLE NOTES PAYABLE 19,000 38,000 TOTAL CURRENT LIABILITIES MORTGAGE 88,900 91,300 PAYABLE BONDS PAYABLE 165,000 165,000 TOTAL NON- CURRENT LIABILITIES TOTAL LIABILITIES COMMON STOCK 350,000 350,000 RETAINED 13,800 86,300 EARNINGS TOTAL OWNER'Ss EQUITY ТОTAL LIABILITIES AND OWNER'S EQUITY

ACCOUNT 2003 2002 CHANGE IN PERCENTAGE AMOUNT CASH 40,200 44,300 ACC REC. 131,400 127,600 MERCHANDISE 92,200 88,100 INV PREPAID 3,700 4,100 INSURANCE OFFICE SUPPLIES 6,200 4,000 TOTAL CURRENT ? ? ASSETS LAND 154,000 154,000 BUILDING 231,700 237,000 FIXTURES 23,900 21,400 VEHICLES 55,100 64,000 COMPUTERS 16,800 13,000 TOTAL NON- CURRENT ASSETS TOTAL ASSETS ACCOUNTS 51,800 55,700 PAYABLE SALARIES 25,100 23.200 PAYABLE NOTES PAYABLE 19,000 38,000 TOTAL CURRENT LIABILITIES MORTGAGE 88,900 91,300 PAYABLE BONDS PAYABLE 165,000 165,000 TOTAL NON- CURRENT LIABILITIES TOTAL LIABILITIES COMMON STOCK 350,000 350,000 RETAINED 13,800 86,300 EARNINGS TOTAL OWNER'Ss EQUITY ТОTAL LIABILITIES AND OWNER'S EQUITY

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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ACCOUNT 2003 2002 CHANGE IN PERCENTAGE AMOUNT CASH 40,200 44,300 ACC REC. 131,400 127,600 MERCHANDISE INV 92,200 88,100 PREPAID INSURANCE 3,700 4,100 OFFICE SUPPLIES 6,200 4,000 TOTAL CURRENT ASSETS LAND 154,000 154,000 BUILDING 231,700 237,000 FIXTURES 23,900 21,400 VEHICLES 55,100 64,000 COMPUTERS 16,800 13,000 TOTAL NON- CURRENT ASSETS TOTAL ASSETS ACCOUNTS PAYABLE 51,800 55,700 SALARIES 25,100 23,200 PAYABLE NOTES PAYABLE 19,000 38,000 TOTAL CURRENT ? ? LIABILITIES MORTGAGE 88,900 91,300 PAYABLE BONDS PAYABLE 165,000 165,000 TOTAL NON- ? ? CURRENT LIABILITIES TOTAL LIABILITIES COMMON STOCK 350,000 350,000 RETAINED 113,800 86,300 EARNINGS TOTAL OWNER'S EQUITY ТОTAL LIABILITIES AND OWNER'S EQUITY
Transcribed Image Text:ACCOUNT 2003 2002 CHANGE IN PERCENTAGE AMOUNT CASH 40,200 44,300 ACC REC. 131,400 127,600 MERCHANDISE INV 92,200 88,100 PREPAID INSURANCE 3,700 4,100 OFFICE SUPPLIES 6,200 4,000 TOTAL CURRENT ASSETS LAND 154,000 154,000 BUILDING 231,700 237,000 FIXTURES 23,900 21,400 VEHICLES 55,100 64,000 COMPUTERS 16,800 13,000 TOTAL NON- CURRENT ASSETS TOTAL ASSETS ACCOUNTS PAYABLE 51,800 55,700 SALARIES 25,100 23,200 PAYABLE NOTES PAYABLE 19,000 38,000 TOTAL CURRENT ? ? LIABILITIES MORTGAGE 88,900 91,300 PAYABLE BONDS PAYABLE 165,000 165,000 TOTAL NON- ? ? CURRENT LIABILITIES TOTAL LIABILITIES COMMON STOCK 350,000 350,000 RETAINED 113,800 86,300 EARNINGS TOTAL OWNER'S EQUITY ТОTAL LIABILITIES AND OWNER'S EQUITY
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