Presented below is a partial trial balance
by | Mar 18, 2020 | Uncategorized
Presented below is a partial trial balance for the Messenger Corporation at December 31, 2013.
Make a Classified balance sheet only assets and liablities
Cash and Cash equivalents
30,000
Accounts receivable
195,000
Raw materials inventory
36,000
Note Receivable
120,000
Interest Receivable
4,000
Interest Payable
7,000
Marketable securities
48,000
Land
100,000
Buildings
1,500,000
Accumulated Depreciation- buildings
740,000
Work in process inventory
38,000
Finished goods inventory
98,000
Equipment
400,000
Accumulated Depreciation – equipment
230,000
Franchise (net of amortization)
120,000
Prepaid Insurance (for the next year)
60,000
Unearned Revenue
48,000
Accounts Payable
240,000
Note Payable
500,000
Salaries Payable
6,000
Cash Restricted for payment of note payable
100,000
Allowance for uncollected accounts
24,000
Sales Revenue
900,000
Cost of Goods Sold
500,000
Salaries Expense
48,000
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