Post a New Question

accounting 2 urgent please help

posted by .

part 1

June 30, 2008/2007

Assets
Cash- 34,700/23,500
accounts receivable- 101,600/92,300
inventory- 146,300/142,100
Investment-0/50,000
Land-145,000/0
equipment- 215,000/175,500
accumulated depreciation- (53,400)/ (41,300)
2008= 594,000 /2007=442,100

Liabilities and stockholders equity
accounts payable (merchandise creditors)- 100,900/95,200
Accrued expense(operating expenses)- 15,000/13,200
Dividends payable- 12,500/10,000
common stock, $1 par- 56,000/50,000
paid in capital in excess of par- common stock- 220,000/100,000
2008=594,000/ 2007= 442,100

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

More Related Questions

Post a New Question