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laylor, the fnancial ohcer of X-cel nc, showed the folowing adusted account balances for the year nded Jauary 31.214 Use this information to prepare the January 31, 2014 dtassified balanoe sheet Accoune Accounts Payabi Balince 103.000 115.000 COWE Accounts Recevable Balance hee ecron Accumulated Deprociation Land inprovements 32000 Accumulated Depreciation, Machinery Accumulated Depreciation Trucks Advertising Expense Advertising Payable Bonds Payable (due anay 2020 6.000 23.000 32500 61,500 192.000 Commissions Eaned 40,500 0.000 Copyright Depreciation Expense, Land inprovements Depreciation Expense, Machinery Depreciation Expense, Trucks Dividends 6,600 5.000 17.500 15.000 Insurance Expense Interest Expense Land Improvements Long-term investment in Shares Machinary Mortgage Payatble (due January, 2020) Prepaid insurance Prepaid Interest Prepaid Rent Rent Eamed 12.600 27.500 160,500 91.500 10.000 274.500 37.500 8.000 17.000 35,500 96 000 Rent Expense Retained Earmings Share Capital Trademark 144,500 64.000 20,500 226,000 Trucks

laylor, the fnancial ohcer of X-cel nc, showed the folowing adusted account balances for the year nded Jauary 31.214 Use this information to prepare the January 31, 2014 dtassified balanoe sheet Accoune Accounts Payabi Balince 103.000 115.000 COWE Accounts Recevable Balance hee ecron Accumulated Deprociation Land inprovements 32000 Accumulated Depreciation, Machinery Accumulated Depreciation Trucks Advertising Expense Advertising Payable Bonds Payable (due anay 2020 6.000 23.000 32500 61,500 192.000 Commissions Eaned 40,500 0.000 Copyright Depreciation Expense, Land inprovements Depreciation Expense, Machinery Depreciation Expense, Trucks Dividends 6,600 5.000 17.500 15.000 Insurance Expense Interest Expense Land Improvements Long-term investment in Shares Machinary Mortgage Payatble (due January, 2020) Prepaid insurance Prepaid Interest Prepaid Rent Rent Eamed 12.600 27.500 160,500 91.500 10.000 274.500 37.500 8.000 17.000 35,500 96 000 Rent Expense Retained Earmings Share Capital Trademark 144,500 64.000 20,500 226,000 Trucks

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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Jan Taylor, the financial oficer of X-cel lne., showed the folowing adusted account talances for the year ended Jauary 31,2014 Use this information to prepare the January 31, 2014 dtassifed balanoe sheet Account Accounts Payatie Accounts Recevable Accumutated Deprociation, Land Inprovements 32.000 Accumulated Depreciation, Machinery Accumulated Depreciation, Tus Advertising Expene Advertising Payabe Bonds Payable (due January. 2020 Commissions Eaned Copyright Depreciation Exponse, Land inprovement Depreciation Expense, Machinery Depreciation Esponse, Trucks Balance 100.000 115.000 lect one Dalance hee 6.000 23.000 32.500 61.500 102.000 40.500 09,000 6,600 5.000 17.600 15,000 12.600 Dividends Insurance Expense Interest Expense Land Improvements Long-term Investnent in Shares 27,500 160,500 01,500 10,000 Machinary Mortgage Payable (due January, 2020) Prepaid insurance Prepaid Interest Prepaid Rent Rent Eamed 274.600 37 50 8.000 17.000 35,500 96.000 144,500 Rent Expense Retained Earnings Share Capital Trademark 64,000 20,500 220,000 Trucks C Couly
Transcribed Image Text:Jan Taylor, the financial oficer of X-cel lne., showed the folowing adusted account talances for the year ended Jauary 31,2014 Use this information to prepare the January 31, 2014 dtassifed balanoe sheet Account Accounts Payatie Accounts Recevable Accumutated Deprociation, Land Inprovements 32.000 Accumulated Depreciation, Machinery Accumulated Depreciation, Tus Advertising Expene Advertising Payabe Bonds Payable (due January. 2020 Commissions Eaned Copyright Depreciation Exponse, Land inprovement Depreciation Expense, Machinery Depreciation Esponse, Trucks Balance 100.000 115.000 lect one Dalance hee 6.000 23.000 32.500 61.500 102.000 40.500 09,000 6,600 5.000 17.600 15,000 12.600 Dividends Insurance Expense Interest Expense Land Improvements Long-term Investnent in Shares 27,500 160,500 01,500 10,000 Machinary Mortgage Payable (due January, 2020) Prepaid insurance Prepaid Interest Prepaid Rent Rent Eamed 274.600 37 50 8.000 17.000 35,500 96.000 144,500 Rent Expense Retained Earnings Share Capital Trademark 64,000 20,500 220,000 Trucks C Couly
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