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
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter7: Operating Assets
Section: Chapter Questions
Problem 80.5C
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