E5-12 (Preparation of a match sail) Presented below is the trial balance of mess Nalezny Corporation at celestial latitude 31, 2007. Debits Credits Cash $ 197,000 uncouth sales $ 8,100,000 Trading Securities (at cost, $145,000) 153,000 Cost of Goods Sold 4,800,000 long enthronization fundss in Bonds 299,000 Long-term Investments in funds 277,000 Short-term Notes account payable 90,000 Accounts collectable 455,000 Selling write offs 2,000,000 Investment Revenue 63,000 Land 260,000 Buildings 1,040,000 Dividends Payable 136,000 Accrued Liabilities 96,000 Accounts Receivable 435,000 stash away wear and tearBuildings 152,000 security deposit for Doubtful Accounts 25,000 Administrative Expenses 900,000 Interest Expense 211,000 Inventories 597,000 Extraordinary net income 80,000 Long-term Notes Payable 900,000 Equipment 600,000 Bonds Payable 1,000,000 stack away DepreciationEquipment 60,000 Franchise 160,000 Common Stock ($5 par) 1,000,000 treasury Stock 191,000 Patent 195, 000 Retained Earnings 78,000 Additional Paid-in metropolis 80,000 Totals $12,315,000 $12,315,000 operating instructions Prepare a balance sheet at December 31, 2007, for John Nalezny Corporation. Ignore income taxes.
|John Nalezny Corporation | |Balance Sheet | |December! 31, 2007 | |Assets | |Current assets | | | | | Cash |...If you want to abide a full essay, order it on our website:
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