Advanced Accounting Problems With Explanatory Notes
Advanced Accounting Problems With Explanatory Notes
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Estate Company was formed on January 1, 1912, and the following is the trial balance as at December 31, 1913, before closing the income and expenditure accounts for current year: 43 THE A. B. C. ESTATE COMPANY TRIAL BALANCE— DECEMBER 31, 1913 Dr. Cr.
Capital stock authorized and issued. • • • $140, 000. 00 Bonds issued: 120, 000 20-year 5% bonds issued January 1, 1912 at a discount of 5% 120, 000. 00 Discount on bonds issued $6, 000. 00 Property (Jan. 1, 1913) . 250, 280. 50 Capital stock in tr...easury 12, 000. 00 Calls unpaid 500. 00 Additions to property 1913 : Sinking artesian well 5, 000. 00 A. B. C. Estate Co. : Bonds purchased 1912 (and canceled) $6, 000. 00 5, 850. 00 'Bonds purchased 1913 6, 000. 00 5, 750. 00 Rents collected 24, 500. 00 Fire insurance paid for year ending June 30, 1914 300. 00 Agents' fees and expenses 2, 850. 00 General office expenses 1, 050. 00 Cash at bankers and on hand 1, 389. 50 Secretary's salary and commission'. 2, 380. 00 Income and expenditure account 1912 14, 250.
What to read after Advanced Accounting Problems With Explanatory Notes?
You can find similar books in the "Read Also" column, or choose other free books by Charles Rittenhouse to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Estate Company was formed on January 1, 1912, and the following is the trial balance as at December 31, 1913, before closing the income and expenditure accounts for current year: 43 THE A. B. C. ESTATE COMPANY TRIAL BALANCE— DECEMBER 31, 1913 Dr. Cr.
Capital stock authorized and issued. • • • $140, 000. 00 Bonds issued: 120, 000 20-year 5% bonds issued January 1, 1912 at a discount of 5% 120, 000. 00 Discount on bonds issued $6, 000. 00 Property (Jan. 1, 1913) . 250, 280. 50 Capital stock in tr...easury 12, 000. 00 Calls unpaid 500. 00 Additions to property 1913 : Sinking artesian well 5, 000. 00 A. B. C. Estate Co. : Bonds purchased 1912 (and canceled) $6, 000. 00 5, 850. 00 'Bonds purchased 1913 6, 000. 00 5, 750. 00 Rents collected 24, 500. 00 Fire insurance paid for year ending June 30, 1914 300. 00 Agents' fees and expenses 2, 850. 00 General office expenses 1, 050. 00 Cash at bankers and on hand 1, 389. 50 Secretary's salary and commission'. 2, 380. 00 Income and expenditure account 1912 14, 250.
What to read after Advanced Accounting Problems With Explanatory Notes?
You can find similar books in the "Read Also" column, or choose other free books by Charles Rittenhouse to read onlineMoreLess
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