Liabilities, Owners' Equity, Warranty Expense Estimates, and Issuance of Securities

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Assessment 4

Section 1

Part 1: Current Liabilities

(a)

(b)

(c)

(d)

Part 2: Long-Term Liabilities

(a)

Jenkins Co.

Net amount of cash received

(b)

Redwood Co.

Bond discount on issue late

(c)

Crenshaw Building Supply Co.

Maturities and sinking fund requirements on long-term debt

for the next five year are as follows:

2020

$

2023

$

2021

$

2024

$

2022

$

(d)

Sarah’s Pies Inc.

Part 3: Equity Transactions

REYNOLD’S COMPANY

Stockholders’ Equity

December 31, 2018

1