Exercises in Accounting Intermediate
Exercises in Accounting Intermediate
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50 742. 50 2, 475. 00 12, 150. 00 5. 000. 00 7, 181. 84 225. 00 300. 00 3. 60 47. 59 7, 597. 27 1, 150. 00 655. 00 65. 00 111. 75 10. 593. 69 61. 27 112. 43 7. 45 $67, 302. 79 $67, 302. 79 The above accounts are representative of a wholesale dry goods business conducted by three part- ners under the firm name of Taylor, Wood & Co. The trial balance covers a period of one month.
The merchandise on hand September 30 amounts to $22, 372. 76 ; furniture and fixtures are valued at $2, 450; horses an...d wagons, $735; insurance unexpired, $260; shipping supplies on hand, $93. 25; office supplies on hand, $106. 50; real estate, $122. 50; Wamsutta Mills stock, $1, 150.
The note of the firm for $5, 000 is a demand note issued September 26 and bearing interest at 6% ; the note of $1, 000 held by the firm was received on September 9.
The Real Estate owned by the firm is a building at 74 Chestnut St. , which cost $12, 000, and which is occupied by a tenant. At the time of closing the books on August 31 the value of the property was increased to $12, 250; on that date rent accrued for August of $100 was charged to the Real Estate account; September 2, $200 rent was received from the tenant for August and September, which was credited to Real Estate, leaving the present balance of $12, 150.
What to read after Exercises in Accounting Intermediate?
You can find similar books in the "Read Also" column, or choose other free books by Charles Forest Rittenhouse to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
50 742. 50 2, 475. 00 12, 150. 00 5. 000. 00 7, 181. 84 225. 00 300. 00 3. 60 47. 59 7, 597. 27 1, 150. 00 655. 00 65. 00 111. 75 10. 593. 69 61. 27 112. 43 7. 45 $67, 302. 79 $67, 302. 79 The above accounts are representative of a wholesale dry goods business conducted by three part- ners under the firm name of Taylor, Wood & Co. The trial balance covers a period of one month.
The merchandise on hand September 30 amounts to $22, 372. 76 ; furniture and fixtures are valued at $2, 450; horses an...d wagons, $735; insurance unexpired, $260; shipping supplies on hand, $93. 25; office supplies on hand, $106. 50; real estate, $122. 50; Wamsutta Mills stock, $1, 150.
The note of the firm for $5, 000 is a demand note issued September 26 and bearing interest at 6% ; the note of $1, 000 held by the firm was received on September 9.
The Real Estate owned by the firm is a building at 74 Chestnut St. , which cost $12, 000, and which is occupied by a tenant. At the time of closing the books on August 31 the value of the property was increased to $12, 250; on that date rent accrued for August of $100 was charged to the Real Estate account; September 2, $200 rent was received from the tenant for August and September, which was credited to Real Estate, leaving the present balance of $12, 150.
What to read after Exercises in Accounting Intermediate?
You can find similar books in the "Read Also" column, or choose other free books by Charles Forest Rittenhouse to read onlineMoreLess
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