The trial balance of Eastwood Inc. and other related information for the year 2023 follows: Cash Accounts receivable Allowance for expected credit losses Prepaid insurance Inventory FV-OCI investments Land Eastwood Inc. Trial Balance December 31, 2023 Construction in process Intangible assets-patents Equipment Accumulated depreciation-equipment Accounts payable Income tax payable Notes payable Bonds payable Common shares Accumulated other comprehensive income Retained earnings Debits $41,000 163,500 5,900 208,500 339,000 85,000 124,000 36,000 400,000 Credits $8,700 240,000 148,000 49,200 94,000 180,000 500,000 45,000 138,000
The trial balance of Eastwood Inc. and other related information for the year 2023 follows: Cash Accounts receivable Allowance for expected credit losses Prepaid insurance Inventory FV-OCI investments Land Eastwood Inc. Trial Balance December 31, 2023 Construction in process Intangible assets-patents Equipment Accumulated depreciation-equipment Accounts payable Income tax payable Notes payable Bonds payable Common shares Accumulated other comprehensive income Retained earnings Debits $41,000 163,500 5,900 208,500 339,000 85,000 124,000 36,000 400,000 Credits $8,700 240,000 148,000 49,200 94,000 180,000 500,000 45,000 138,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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