Based on these accounts, prepare the balance sheet for GS company on 31 December 2019 Debit Credit Balances $4 3,000.00 24 13,500.00 24 28,500.00 $ Balances Cash Marketable Securities Accounts Receivable Building 37,500.00 Notes Payable (due in one year) 16,500.00 Patent 6,000.00 Accumulated Depreciation 9,000.00 Property Taxes Payable 6,000.00 Accounts Payable 21,750.00 Retained Eamings 58,350.00 Common Stock 37,500.00 Bonds Payable 60,000.00 24 22,500.00 %$4 75,000.00 %$4 21,000.00 $4 9,000.00 Inventory Land Investment in IBM Common Stock Investment in Florida Power Bonds Prepaid Insurance 750.00 Withheld Income Taxes 1,650.00 Additional Paid-in Capital 17,250.00 Goodwill 11,250.00 %24
Based on these accounts, prepare the balance sheet for GS company on 31 December 2019 Debit Credit Balances $4 3,000.00 24 13,500.00 24 28,500.00 $ Balances Cash Marketable Securities Accounts Receivable Building 37,500.00 Notes Payable (due in one year) 16,500.00 Patent 6,000.00 Accumulated Depreciation 9,000.00 Property Taxes Payable 6,000.00 Accounts Payable 21,750.00 Retained Eamings 58,350.00 Common Stock 37,500.00 Bonds Payable 60,000.00 24 22,500.00 %$4 75,000.00 %$4 21,000.00 $4 9,000.00 Inventory Land Investment in IBM Common Stock Investment in Florida Power Bonds Prepaid Insurance 750.00 Withheld Income Taxes 1,650.00 Additional Paid-in Capital 17,250.00 Goodwill 11,250.00 %24
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity
Section: Chapter Questions
Problem 6E: Balance Sheet Baggett Companys balance sheet accounts and amounts as of December 31, 2019, are shown...
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