Ex/ Presented below are numbers of balance sheet items for Santana Co. for current year 2007. - Capital 42750 - Net income 1900 - With druwles 800 - Building - Factory 8000 Equipment 15000 - - Building - Administration 3000 - Machinery 3500 - Furnitures 1700 - Loan short term 6000 - Account receivable 1750 - Account payable 1100 - Notes receivable 1500 - Notes payable 2500 - Bank 3200 - Cash 2800 - Ending raw materials inventory 7500 - Ending work in process inventory 2800 - Ending finished goods inventory 2700 Ins 1- Prepare a classified balance sheet in a good format ( used T account ). 2- Prepare a classified balance sheet in a good format ( used statement form ).
Ex/ Presented below are numbers of balance sheet items for Santana Co. for current year 2007. - Capital 42750 - Net income 1900 - With druwles 800 - Building - Factory 8000 Equipment 15000 - - Building - Administration 3000 - Machinery 3500 - Furnitures 1700 - Loan short term 6000 - Account receivable 1750 - Account payable 1100 - Notes receivable 1500 - Notes payable 2500 - Bank 3200 - Cash 2800 - Ending raw materials inventory 7500 - Ending work in process inventory 2800 - Ending finished goods inventory 2700 Ins 1- Prepare a classified balance sheet in a good format ( used T account ). 2- Prepare a classified balance sheet in a good format ( used statement form ).
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:Ex/ Presented below are numbers of balance sheet items for Santana Co.
for current year 2007.
- Capital
42750
- Net income
1900
- With druwles
800
- Building - Factory
8000
- Equipment
15000
- Building - Administration
3000
- Machinery
3500
- Furnitures
1700
- Loan short term
6000
- Account receivable
1750
- Account payable
1100
- Notes receivable
1500
- Notes payable
2500
- Bank
3200
- Cash
2800
- Ending raw materials inventory
7500
- Ending work in process inventory 2800
- Ending finished goods inventory
2700
Ins
1- Prepare a classified balance sheet in a good format ( used T account ).
2- Prepare a classified balance sheet in a good format
( used statement form ).
51
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