Cash Accounts receivable Allowance for doubtful accounts Inventory Prepaid insurance Stock investments** Building Accumulated depreciation-Building Patent Copyright Accounts payable Unearned sales revenue. Notes payable Bonds payable (10 year) Discount on Bonds Payable Common Stock Real Fake Doors Company Trial Balance December 31, 2023 Sales revenue Sales discounts Cost of Goods Sold Wages expense Version 1 Paid-in capital in excess of par-Common Stock Treasury Stock Retained Earnings Dividends Depreciation expense Amortization expense Loss on disposal of fixed assets Interest expense Freight-out Debit 100,000 86,300 20,600 3,500 40,000 1,200,000 12,000 18,000 20,000 11,000 20,000 56,000 460,000 360,000 50,000 3,900 5,000 6,200 2,490,000 Credit 4,000 560,000 75,800 6,300 50,000 300,000 8,000 42,000 293,900 1,150,000 2,490,000 *Notes payable, $11,000 is due within one year, with the remainder due beyond one year. **Stock investments are held for more than one year

Cash Accounts receivable Allowance for doubtful accounts Inventory Prepaid insurance Stock investments** Building Accumulated depreciation-Building Patent Copyright Accounts payable Unearned sales revenue. Notes payable Bonds payable (10 year) Discount on Bonds Payable Common Stock Real Fake Doors Company Trial Balance December 31, 2023 Sales revenue Sales discounts Cost of Goods Sold Wages expense Version 1 Paid-in capital in excess of par-Common Stock Treasury Stock Retained Earnings Dividends Depreciation expense Amortization expense Loss on disposal of fixed assets Interest expense Freight-out Debit 100,000 86,300 20,600 3,500 40,000 1,200,000 12,000 18,000 20,000 11,000 20,000 56,000 460,000 360,000 50,000 3,900 5,000 6,200 2,490,000 Credit 4,000 560,000 75,800 6,300 50,000 300,000 8,000 42,000 293,900 1,150,000 2,490,000 *Notes payable, $11,000 is due within one year, with the remainder due beyond one year. **Stock investments are held for more than one year

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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