Account No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Account Name Accounts payable Accounts receivable Inventory Land Amount Long-term debt Prepaid insurance Retained earnings, beginning Service revenue Selling expenses Short term investments $834 Buildings, net of accumulated depreciation 3537 Cash 770 Common stock 900 Cost of goods sold 2.500 Current portion of long-term debt 450 Depreciation expense 335 Dividends paid during the year 475 Equipment, net of accumulated depreciation 1.220 Income tax expense 265 Income taxes payable 265 Interest expense 810 400 967 1,600 3,500 1200 1,600 9,600 310 1,200
Account No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Account Name Accounts payable Accounts receivable Inventory Land Amount Long-term debt Prepaid insurance Retained earnings, beginning Service revenue Selling expenses Short term investments $834 Buildings, net of accumulated depreciation 3537 Cash 770 Common stock 900 Cost of goods sold 2.500 Current portion of long-term debt 450 Depreciation expense 335 Dividends paid during the year 475 Equipment, net of accumulated depreciation 1.220 Income tax expense 265 Income taxes payable 265 Interest expense 810 400 967 1,600 3,500 1200 1,600 9,600 310 1,200
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
1
Transcribed Image Text:Account No.
1
2
3
4
5
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
Account Name
Accounts payable
Accounts receivable
Buildings, net of accumulated depreciation 3537
Cash
770
Long-term debt
Prepaid insurance
Retained earnings, beginning
Service revenue
Selling expenses
Short term investments
Salaries and wages expense
Salaries and wages payable
Common stock
Cost of goods sold
Current portion of long-term debt
Depreciation expense
Dividends paid during the year
Equipment, net of accumulated depreciation 1,220
Income tax expense
265
Income taxes payable
265
Interest expense
400
Inventory
967
Land
1,600
3,500
1200
O 6,8,9,11, 13, 17, 18, 19, 20, 22
6, 8, 11, 13, 19, 20, 22
Amount
6,8,9, 11, 13, 18, 19, 20, 22
$834
O 6, 8, 9, 11, 13, 19, 20, 22
810
900
2.500
450
335
475
Which account/s will NOT appear in the balance sheet (indicated by Account NO.)?
1,600
9,600
310
1,200
700
222
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