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Assets Comparative Balance Sheet Cash and Bank Accounts receivable Inventory Plant & Machinery Goodwill Accrued Income Prepaid expenses Bills receivable Land & Building Motor Vehicles Investments (short term) Work in progress Liabilities and Owner's Equity Accounts Payable Bonds Payable Preferred stock Bank Over draft Income tax Payable Bills payable Common Stock Retained earnings Accrued expenses Mortgage Debentures Unclaimed Dividend December 2016 December 2015 . $ 155 000 100,000 300,000 410,000 50,000 18,000 15,000 20,000 45,000 40,000 10,000 15,000 1,178,000 $ 145,000 75,000 165,000 500,000 45,000 14,000 12,000 15,000 60,000 30,000 15,000 16,000 1,092,000 December 2016 December 2015 75,000 20,000 150,000 220,000 16,000 14,500 350,000 175,000 4,500 25,000 116,000 12,000 1,178,000 60,000 10,000 135,000 230.000 14,500 13,200 300.000 155.000 6,000 156,000 12.300 1,092,000

Assets Comparative Balance Sheet Cash and Bank Accounts receivable Inventory Plant & Machinery Goodwill Accrued Income Prepaid expenses Bills receivable Land & Building Motor Vehicles Investments (short term) Work in progress Liabilities and Owner's Equity Accounts Payable Bonds Payable Preferred stock Bank Over draft Income tax Payable Bills payable Common Stock Retained earnings Accrued expenses Mortgage Debentures Unclaimed Dividend December 2016 December 2015 . $ 155 000 100,000 300,000 410,000 50,000 18,000 15,000 20,000 45,000 40,000 10,000 15,000 1,178,000 $ 145,000 75,000 165,000 500,000 45,000 14,000 12,000 15,000 60,000 30,000 15,000 16,000 1,092,000 December 2016 December 2015 75,000 20,000 150,000 220,000 16,000 14,500 350,000 175,000 4,500 25,000 116,000 12,000 1,178,000 60,000 10,000 135,000 230.000 14,500 13,200 300.000 155.000 6,000 156,000 12.300 1,092,000

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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calculate working capital
source and application fund

Assets Comparative Balance Sheet Cash and Bank Accounts receivable Inventory Plant & Machinery Goodwill Accrued Income Prepaid expenses Bills receivable Land & Building Motor Vehicles Investments (short term) Work in progress Liabilities and Owner's Equity Accounts Payable Bonds Payable Preferred stock Bank Over draft Income tax Payable Bills payable Common Stock Retained earnings Accrued expenses Mortgage Debentures Unclaimed Dividend December 2016 4 $ 155 000 100,000 300,000 410,000 50,000 18,000 15,000 20,000 45,000 40,000 10,000 15,000 1,178,000 75,000 20,000 150,000 220,000 16,000 14,500 350,000 175,000 December 2015 4,500 25,000 116,000 12,000 1,178,000 145,000 75,000 165,000 500,000 December 2016 December 2015 45,000 14,000 12,000 15,000 60,000 30,000 15,000 16,000 1,092,000 60,000 10,000 135.000 230.000 14.500 13,200 300.000 155.000 6,000 156.000 12.300 1,092,000
Transcribed Image Text:Assets Comparative Balance Sheet Cash and Bank Accounts receivable Inventory Plant & Machinery Goodwill Accrued Income Prepaid expenses Bills receivable Land & Building Motor Vehicles Investments (short term) Work in progress Liabilities and Owner's Equity Accounts Payable Bonds Payable Preferred stock Bank Over draft Income tax Payable Bills payable Common Stock Retained earnings Accrued expenses Mortgage Debentures Unclaimed Dividend December 2016 4 $ 155 000 100,000 300,000 410,000 50,000 18,000 15,000 20,000 45,000 40,000 10,000 15,000 1,178,000 75,000 20,000 150,000 220,000 16,000 14,500 350,000 175,000 December 2015 4,500 25,000 116,000 12,000 1,178,000 145,000 75,000 165,000 500,000 December 2016 December 2015 45,000 14,000 12,000 15,000 60,000 30,000 15,000 16,000 1,092,000 60,000 10,000 135.000 230.000 14.500 13,200 300.000 155.000 6,000 156.000 12.300 1,092,000
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