A partial list of accounts for Johnson and Clark, in alphabetical order, is presented below:
Accounts Payable
Accounts Receivable
Accrued Salaries Payable
Accumulated Depreciation—Buildings
Accumulated Depreciation—Equipment
Additional Paid-In Capital—Common Stock
Allowance for Doubtful Accounts
Bank Loan (long-term)
Bonds Payable
Buildings
Cash in Bank
Commission Expense
Common Stock
Current Portion of Long-Term Debt
Equipment
FICA Taxes Payable
Franchise
Goodwill
Interest Income
Interest Receivable
Inventory—Ending Balance
Land
Land Held for Future Plant Site
Loss on Sale of Equipment
Marketable Securities
Minority Interest
Notes Payable (long-term)
Obligations on Long-Term Loans
Patent
Preferred Stock
Premium on Bonds Payable
Prepaid Expenses
Purchases
Retained Earnings
Sales
Sales Salaries Expense
Treasury Stock
Unearned Rent Revenue
Required:
Prepare a balance sheet in good format, without monetary amounts, for December 31, 2010. Use the format Current Assets; Property, Plant, and Equipment; Investments; Intangibles; Current Liabilities; Long-Term Liabilities; and Stockholders' Equity. Do not use the accounts not found on the balance sheet.
- 9 years ago
Purchase the answer to view it