Exercises Accounting
Exercises Accounting
Exercises Accounting
Debit
Credit
150, 8 , 30
400, 50, 70
550, 310, 2
Acct number
2000
2002
2004
2006
2008
2010
2012
2014
2016
2018
2020
2022
2024
2026
2028
2030
2032
2034
2036
Acct name
Debit Balance
Petty Cash
500
Checking
44.000
Savings
100.000
Accounts Receivable
80.000
Allowance for Doubtful Accounts
Inventory
150.000
Prepaid Expenses
10.000
Land
370.000
Buildings
330.000
Office Equipment
44.000
Patents
170.000
Accounts Payable
Accrued Payroll
Accrued Property Taxes
Short-term Bank Loan
Mortgage
10 year loan
Owner invested capital
Retained Earnings
TOTAL
1.298.500
Balance sheet
Assets
Current Assets
Cash
Accounts receivable
(less doubtful accounts)
Inventory
Short term investment
Prepaid expenses
Total current Assets
Non-current Assets
Long-term investments
Land & Buildings
(less accumulated depreciation)
Copyrights and Patents
Plant and equipment
(less accumulated depreciation)
Furniture and fixtures
(less accumulated depreciation)
Total non-current Assets
TOTAL ASSETS
Credit Balance
51.000
70.000
50.000
55.000
40.000
251.000
285.000
250.000
246.500
1.298.500
Liabilities
Current Liabilities
Accounts Payable
Short-term notes
Current portion of long-term notes
Interest Payable
Taxes Payable
Accrued Payroll
Total Current Liabilities
Long-term Liabilities
Mortgage
Other long-term liabilities
Total long-term liabilities
StockholdersEquity
ShareholdersInvestment
Retained Earnings
Total StockholdersEquity
TOTAL LIABILITIES & EQUITY