Accounting

I can't get the balance sheet, well, balanced.

Accounts Receivable 120600 a
Land 1500000 a
Notes Receivable 61200 a
Insurance Expenses 54000 l
Accounts Payable 45000 l
Interest Expenses 24600 l
Common Stock 1896000 o
Depreciation -400000 a
Net Sales 1053000
Ending Inventory 126600 a
Notes Payable (Long-Term) 210000 l
Beginning Inventory 154800
Retained Earnings 1459800 o
Advertising Expenses 90000 l
Cash 72000 a
Salaries 180000 l
Short-Term Notes Payable 15600 l
Merchandise Purchased (for inventory) 316800
Buildings 1050000 a
Rent 13800 l
Utilities 8400 l
Equipment and Vehicles 1066000 a
Goodwill 90000 a
Bonds Payable 60000 l

Assets 3686400
Liabilities + Owner's Equity 4057200
Difference 370800

I have left a few of the numbers out of the balance sheet because I'm not sure they belong, but either way, I still can't get it balanced.

  1. 👍
  2. 👎
  3. 👁
  1. Not sure why the rest of my post didn't go through...

    Accounts Receivable, 120600, a
    Land, 1500000, a
    Notes Receivable, 61200, a
    Insurance Expenses, 54000, l
    Accounts Payable, 45000, l
    Interest Expenses, 24600, l
    Common Stock, 1896000, o
    Depreciation, -400000, a
    Net Sales, 1053000
    Ending Inventory, 126600, a
    Notes Payable (Long-Term), 210000, l
    Beginning Inventory, 154800
    Retained Earnings, 1459800, o
    Advertising Expenses, 90000, l
    Cash, 72000, a
    Salaries, 180000, l
    Short-Term Notes Payable, 15600, l
    Merchandise Purchased (for inventory), 316800
    Buildings, 1050000, a
    Rent, 13800, l
    Utilities, 8400, l
    Equipment and Vehicles, 1066000, a
    Goodwill, 90000, a
    Bonds Payable, 60000, l

    Assets = 3686400
    Liabilities + Owner's Equity = 4057200
    Difference = 370800

    1. 👍
    2. 👎

Respond to this Question

First Name

Your Response

Similar Questions

  1. Accounting

    Identify whether each of the following items would appear on the income statement (IS), statement of changes in stockholders’ equity (SE), balance sheet (BS), or statement of cash flows (CF). Some items may appear on more than

  2. accounting

    The monetary contributions that the owners of IBM pay for shares of the company's stock are ____ resources for IBM. a. material b. financial c. human d. informational e. manufacturing Patents and copyrights confer value on a firm

  3. acc225

    Indicate whether a debit or credit decreases the normal balance of each of the following accounts: a. Office Supplies e. Salaries Expense i. Interest Revenue b. Repair Services Revenue f. Owner Capital j. Owner Withdrawals c.

  4. Accounting

    Accounts receivable will appear on which of the following financial statements? Statement of changes in stockholders’ equity Statement of cash flows Balance sheet Income statement

  1. Investing

    In a statement of cash flows, the cash flows from investing activities section should report a.the issuance of common stock in exchange for a factory building. b.stock dividends received. c.a major repair to machinery charged to

  2. ACC

    Smithson Corporation had a 1/1/10 balance in the Allowance for Doubtful Accounts of $10,000. During 2010, it wrote off $7,200 of accounts and collected $2,100 on accounts previously written off. The balance in Accounts Receivable

  3. accounting

    Indicate whether each of the followings accounts normally has a debit balance or a or a credit balance 1.Mary Amos,Capital 2.Cash 3.Fees income 4.Accounts Payable 5.Supplies 6.Salaries Expense 7.Accounts Receivable 8.Equipment

  4. Accounting

    Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $4,375,000; Allowance for Doubtful Accounts has a debit balance of $21,300; and sales for the year total $102,480,000. Bad debt expense

  1. accounting

    Cash $40,000 Accounts receivable $120,000 Inventory $300,000 Prepaid rent $2,000 Accounts payable $150,000 Salaries payable $7,000 Long-term bonds payable $200,000 The selected accounts above are from TJ Supply’s balance sheet.

  2. accounting

    Use the following adjusted trial balance of Webb Trucking Company to prepare a classified balance sheet as of December 31, 2005. Account Title Debit Credit Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,000

  3. accounting280

    Instructions Enter the trial balance on a worksheet and complete the worksheet. E4-2 The adjusted trial balance columns of the worksheet for Goode Company are as follows. GOODE COMPANY Worksheet (partial) For the Month Ended April

  4. FINANCE

    Below is a list of account balances for Currie Hospital as of December 31, 2013. Prepare a balance sheet as of December 31, 2013, in proper form. (Hint: You will need to compute the net assets account. Assume that all net assets

You can view more similar questions or ask a new question.