Public Accounting And Auditing volume 1
Public Accounting And Auditing volume 1
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00 Raw material inventory increased 64, 000. 00 Labor 60, 000. 00 Total manufacturing expense 35, 900. 00 Process inventory increased 20, 000. 00 Finished goods inventory decreased 36, 000. 00 Total selling expense 35, 000. 00 Total administrative expense 26, 000. 00 Notes payable have been' renewed as they became due, except that $100, 000. 00, held by the largest owners in the company, has been donated to the company, July I, 1917 $100, 000. 00 $5, 000. 00 of 3^% Liberty Bonds have been bough...t 5, 000. 00 $2, 000. 00 has been donated to the Red Cross 2, 000. 00 Notes : Depreciation on buildings, estimated life 47 years, beginning January I, 1910.
Depreciation on machinery, estimated life 27 years, beginning January I, 1910.
176 PUBLIC ACCOUNTING AND AUDITING Accounts receivable were $45, 000. 00, and accounts payable $15, 000. 00 at the close of the year. There was accrued interest payable $2, 500. 00, Decem- ber 31, 1917.
Prepare Trial Balance and Balance Sheet as on Dec. 31, 1917.
Inst.
What to read after Public Accounting And Auditing volume 1?
You can find similar books in the "Read Also" column, or choose other free books by Sherwood, J. F. (John F.), 1890- to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
00 Raw material inventory increased 64, 000. 00 Labor 60, 000. 00 Total manufacturing expense 35, 900. 00 Process inventory increased 20, 000. 00 Finished goods inventory decreased 36, 000. 00 Total selling expense 35, 000. 00 Total administrative expense 26, 000. 00 Notes payable have been' renewed as they became due, except that $100, 000. 00, held by the largest owners in the company, has been donated to the company, July I, 1917 $100, 000. 00 $5, 000. 00 of 3^% Liberty Bonds have been bough...t 5, 000. 00 $2, 000. 00 has been donated to the Red Cross 2, 000. 00 Notes : Depreciation on buildings, estimated life 47 years, beginning January I, 1910.
Depreciation on machinery, estimated life 27 years, beginning January I, 1910.
176 PUBLIC ACCOUNTING AND AUDITING Accounts receivable were $45, 000. 00, and accounts payable $15, 000. 00 at the close of the year. There was accrued interest payable $2, 500. 00, Decem- ber 31, 1917.
Prepare Trial Balance and Balance Sheet as on Dec. 31, 1917.
Inst.
What to read after Public Accounting And Auditing volume 1?
You can find similar books in the "Read Also" column, or choose other free books by Sherwood, J. F. (John F.), 1890- to read onlineMoreLess
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