Purchase Solution

Owen Davis Company - Balance Sheet Creation

Not what you're looking for?

Ask Custom Question

Use the appropriate items from the following list to prepare in good form Owen Davis Company's balance sheet at December 31, 2009.

Item December 31, 2009 Item December 31, 2009
Accounts payable $ 220 Inventories $ 375
Accounts receivable 450 Land 100
Accruals 55 Long-term debts 420
Accumulated depreciation 265 Machinery 420
Buildings 225 Marketable securities 75
Cash 215 Notes payable 475
Common stock (at par) 90 Paid-in capital in excess
Cost of goods sold 2,500 of par 360
Depreciation expense 45 Preferred stock 100
Equipment 140 Retained earnings 210
Furniture and fixtures 170 Sales revenue 3,600
General expense 320 Vehicles 25

Purchase this Solution

Solution Summary

Attached is a properly formatted MS Excel spreadsheet containing illustrated and detailed information for the creation of the requested Balance Sheet created from financial data provided for the Owen Davis Company.

Purchase this Solution


Free BrainMass Quizzes
MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.

Paradigms and Frameworks of Management Research

This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.

Marketing Research and Forecasting

The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.

Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.

Basics of corporate finance

These questions will test you on your knowledge of finance.