Whitney Holt Module 6 HW

E5-1 If the sotck will be realized within one year then it would be classified as a current asset. If it is a long term invstment then it is a Stockholder's Equity Stockholder's Equity Current Liability Property, Plant, and Equipment Current Asset Current Asset Current Liability Current Liability Current Asset Current Liability Current Liability Current Asset, Inventory Current Liability E5-2 H D F F C E5-3 A B F A F H I D A E5-4 Assets Current Assets Cash Less: Cash restricted plant expansion AR Less: Allowance for doubtful accounts Notes Receivable Receivables-Officers Iventories Finished Goods Work in Process Raw Materials

A F G A A

B F A H C

B A A G F

F A F A C, N F X F C

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Total Current Assets Long Term Investments Preferred Stock Land held future plant site Cash restricted expansion Total Long Term Investement Property Plant Equipment Buildings Less: Accumulated Depreciation-Building Intangible Assets Copyrights Total Assets Liabilities and Stockholder's Equity Current Liabilities Accrued salaries payable Notes payable Unearned subscription revenue Unearned rent revenue Total Current Liabilities Long Term Debt Bonds Payable, due in 4 yrs Less: Discount on bonds payable Total Liabilities Stockholder's Equity Capital Stock Common Stock Additional Paid In Capital Premium Paid-In Capital Total Paid-In Capital Retained Earnings Total Paid-In Capital and Retained Earnings Less: Treasury Stock at cost Total Stockholder's Equity Total Liabilities and Stockholder's Equity

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P5-1 Assets Current Assets Advances to Employees Accounts Receivable Less: Allowance for doubtful accounts Cash on hand Interest receivable

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Inventory-ending Prepaid rent Petty Cash Trading securities Total Current Assets Long Term Investments Bond sinking fund Cash surrender value of Life Insurance Land future plant site Total Long term investments Property Plant Equipment Buildings Less: Accumulated Depreciation-Buildings Equipment Less: Accumulated Depreciation-Equipment Total property plant equipment Intangible Assets Copyright Patent Total Intangible Assets Total Assets Liabilities and Stockholder's Equity Current Liabilities Accrued wages Dividends payable Notes payable Payroll taxes payable Unearned subscription revenue Total current liabilities Long term debt Bonds payable Add: premiums Pension obligations Total long term debt Total liabilities Stockholder's Equity Capital Stock Common stock Preferred stock Additonal Paid-In Capital Premium preferred stock Total Paid-In Stock Retained Earnings Total Paid-In Stock and Retained Earnings Less: Treasury Stock (Cost) Total Stockholder's Equity and Liablities

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it is a long term invstment then it is a noncurrent asset.

Sample Balance Sheet ABC Company Balance Sheet December 31, 2010 Assets Current Assets Cash Accounts Receivable Inventory Prepaid Expenses Total Current Assets Property and Equipment Land Building Equipment Total Property and Equipment Less: Accumulated Depreciation Net Property and Equipment Other Assets Copyright Patent Goodwill Total Other Assets Total Assets Liabilities and Stockholders' Equity Current Assets Accounts Payable Accrued Expenses Income Tax Payable Total Current Assets Long-Term Liabilities Notes Payable Bonds Payable Total Long-Term Liabilities Stockholders' Equity

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Preferred Stock Common Stock Retained Earnings Treasury Stock Total Stockholders' Equity Total Liabilities and stockholders' Equity

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