Given the following account information for Leong Corporation, prepare a statement of financial position in report form for the company as of December 31, 2012. All accounts have normal balances. Equipment ¥ 40,000 Interest Expense 2,400 Interest Payable 600 Retained Earnings ? Dividends 50,400 Land 137,320 Inventory 102,000 Bonds Payable 78,000 Notes Payable (due in 6 months) 14,400 Share capital–ordinary 60,000 Accumulated Depreciation - Eq. 10,000 Prepaid Advertising 5,000 Revenue 331,400 Buildings 80,400 Supplies 1,860 Taxes Payable 3,000 Utilities Expense 1,320 Advertising Expense 1,560 Salary Expense 53,040 Salaries Payable 900 Accumulated Depr. - Bld. 15,000 Cash 30,000 Depreciation Expense, Building & Equipment 8,000
Given the following account information for Leong Corporation, prepare a
Equipment ¥ 40,000
Interest Expense 2,400
Interest Payable 600
Dividends 50,400
Land 137,320
Inventory 102,000
Bonds Payable 78,000
Notes Payable (due in 6 months) 14,400
Share capital–ordinary 60,000
Prepaid Advertising 5,000
Revenue 331,400
Buildings 80,400
Supplies 1,860
Taxes Payable 3,000
Utilities Expense 1,320
Advertising Expense 1,560
Salary Expense 53,040
Salaries Payable 900
Accumulated Depr. - Bld. 15,000
Cash 30,000
Depreciation Expense,
Building & Equipment 8,000
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