Presented below is a list of accounts in alphabetical order. Accounts Receivable

Question

Presented below is a list of accounts in alphabetical order. Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Accumulated Other Comprehensive Income Loss from Flood Advances to Employees Advertising Expense Allowance for Doubtful Accounts Bond Sinking Fund Bonds Payable Buildings Cash (in bank) Cash (on hand) Cash Surrender Value of Life Insurance Premium on Bonds Payable Commission Expense Common Stock Copyrights Debt Investments (trading) Inventory-Ending Land Land for Future Plant Site Noncontrolling Interest Notes Payable (due next year) Paid-in Capital in Excess of Par-Preferred Stock Patents Payroll Taxes Payable Pension Liability Petty Cash Preferred Stock Prepaid Rent Purchase Returns and Allowances Purchases Retained Earnings

Explanation / Answer

Company Name Statement of Financial Position December 31, 20XX Assets : Non Current assets Long Term Investments Bonds Shrinking Fund $XXX Land for Future Plant site $XXX Property Plant and Equipment Land $XXX Building $XXX Less: Accumulated Deprecialtion on Building $XXX $XXX Equipment $XXX Less: Accumulated Deprecialtion on Equipment $XXX $XXX Total Property Plant and Equipment $XXX Intangible assets Copyrights $XXX Patents $XXX $XXX Current assets Inventory (Ending) $XXX Prepaid rent $XXX Accounts Receivables $XXX Less: Allowance fo doubtful accounts $XXX $XXX Interest receivable $XXX Advance to employees $XXX Trading Securities $XXX Cash on hand (including petty cash) $XXX Cash in Bank $XXX $XXX Total Current assets $XXX Total assets $XXX Equity and Liabilities : Equity Share Capital Preference Shares (Description) $XXX Ordinary Shares (Descripton) $XXX Shares Premium - Ordinary $XXX Retained Earnings $XXX Less: Treasury Shares $XXX Equity attributable to controlling shareholders $XXX Non Controlling Interest $XXX Total Equity $XXX Non Current Liabilities Bonds Payable $XXX Pension Liabilities $XXX Total Non Current Liabilities $XXX Current Liabilities Notes Payable $XXX Payroll taxes Payable $XXX Salary and wages Payable $XXX Dividend Payable $XXX Unearned Service Revenue $XXX Total Current Liabilities $XXX Total Liabilities $XXX Total Equity and Liabilities $XXX

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