Balance sheet for the J.L. Gregory Company
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Prepare a balance sheet as of June 30, for the J.L. Gregory Company, using the following data:
Accounts payable 241,000 Cash 89,000
Accounts receivable 505,000 Equip (at cost) 761,000
Accrued expenses 107,000 Est. Tax liability 125,000
Accumulated depreciation on bldgs 538,000 Inventories 513,000
Accumulated depreciation on equip 386,000 Investment in Peerless Co 320,000
Bonds payable 700,000 Land (at cost) 230,000
Buildings (at cost) 1,120,000 Marketable securities 379,000
Capital stock 1,000,000 Notes payable 200,000
Retained earnings ?
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Solution Summary
File contains a formatted MS Excel spreadsheet containing a balance sheet for the J.L. Gregrory Company.
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For your convenience, I have attached a formatted MS Excel file containing the requested information.
J.L Gregroy Company
Balance Sheet
As of June 30, 20XX
Assets
Current Assets:
Cash $89,000
Accounts receivable 505,000
...
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