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Accounting
Cash Accounts Receivable Total current assets Equipment Land Total fixed assets Patents Total Assets Accounts Payable Salaries Payable Total current liabilities Notes Payable, long-term Total long-term liabilities Total Liabilities Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders' Equity 2500 4200 21000 12100 2500 3750 1200 8100 14000 11300 6700 33100 42300 4950 8100 13050 25300 38350

Cash Accounts Receivable Total current assets Equipment Land Total fixed assets Patents Total Assets Accounts Payable Salaries Payable Total current liabilities Notes Payable, long-term Total long-term liabilities Total Liabilities Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders' Equity 2500 4200 21000 12100 2500 3750 1200 8100 14000 11300 6700 33100 42300 4950 8100 13050 25300 38350

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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1. Add Allowance for Doubtful Accounts of $50, Accumulated Depreciation of $3450, and Treasury Stock of $450. Add the necessary formatting for a U.S. public company's external financial statement including the necessary underlines.

Cash Accounts Receivable Total current assets Equipment Land Total fixed assets Patents Total Assets Accounts Payable Salaries Payable Total current liabilities Notes Payable, long-term Total long-term liabilities Total Liabilities Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders' Equity 2500 4200 21000 12100 2500 3750 1200 8100 14000 11300 6700 33100 42300 4950 8100 13050 25300 38350
Transcribed Image Text:Cash Accounts Receivable Total current assets Equipment Land Total fixed assets Patents Total Assets Accounts Payable Salaries Payable Total current liabilities Notes Payable, long-term Total long-term liabilities Total Liabilities Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders' Equity 2500 4200 21000 12100 2500 3750 1200 8100 14000 11300 6700 33100 42300 4950 8100 13050 25300 38350
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