Balance sheet
Not what you're looking for?
I need help in balancing the balance sheet that is attached. I have to put in:
Accumulated depreciation = $200,000
Retained Earning = 110,000
Cash = 5,000
Bonds payable = 142,000
Accounts receivable = 38,000
Plant and equipment - original cost =720,000
Accounts payable = 35,000
Allowance for bad debts = 6,000
Common stock $1 par, 150,000 shares outstanding = 150,000
Inventory = 66,000
Preferred stock, $50 par, 1,000 shares outstanding = 50,000
Marketable securities = 15,000
Investments = 20,000
Notes payable = 83,000
Capital paid in excess of par (common stock) = 88,000
please show where I went wrong!
Purchase this Solution
Solution Summary
Excel file contains classified balance sheet. The accumulated depreciation in a balance sheet is determined.
Purchase this Solution
Free BrainMass Quizzes
Employee Orientation
Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.
Academic Reading and Writing: Critical Thinking
Importance of Critical Thinking
Business Ethics Awareness Strategy
This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.
Situational Leadership
This quiz will help you better understand Situational Leadership and its theories.
Business Processes
This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.