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Question
construct a balance sheet from the following information.
accrued interest payable $4,000
accumulated depreciation 30,000
trade accounts payable 10,000
retained earnings 86,000
accrued wages 11,000
work in process 5,000
finished goods 30,000
plant and equipment 100,000
cash and marketable securities 10,000
land 10,000
accounts receivable 32,000
allowance for doubtful accounts 2,000
bank note (due in six months) 15,000
longterm debt 15,000
raw materials 7,000
investments 10,000
taxes due 1,000
additional paidin capital 20,000
$1 par value common stock
20,000 shares authorized
10,000 shares outstanding
Answer
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