|
|
| | Sun & Fun Beach Products |
| | Adjusted Trial Balance - GAAP based |
| | as of December 31, 2012 |
| | Account: | Debit | Credit |
| | Accounts payable | | 214,143 |
| | Accounts receivable | 248,843 |
| | Accumulated depreciation: Building | | 158,924 |
| | Accumulated deprecaition: Machinery and equipment | | 169,686 |
| | Advertising expense | 8,352 |
| | Allowance for doubtful accounts | | 15,331 |
| | Bad debt expense | 3,105 |
| | Buildings | 1,067,999 |
| | Cash and marketable equity securities | 443,270 |
| | Charitable contributions | 34,932 |
| | Common stock | | 354,016 |
| | Depreciation expense | 67,050 |
| | Dividend revenue (less than 20%-owned U.S. corporations) | | 10,773 |
| | Dividends distributed (cash) | 160,000 |
| | Employee benefits expense | 6,321 |
| | Estimated Federal income tax payments (income tax expense) | 130,000 |
| | Gain on sale of warehouse | | 4,000 |
| | Gain on sale "A" common stock | | 2,085 |
| | Insurance premiums paid | 21,800 |
| | Interest expense | 82,877 |
| | Interest revenue: Checking | | 4,438 |
| | Interest revenue: Seabrook Station Utility Bonds | | 1,500 |
| | Interest revenue: U.S. Treasury Bonds | | 2,250 |
| | Inventory: December 31, 2011 | 611,716 |
| | Investments: Seabrook Station Utility Bonds | 50,000 |
| | Investments: Long-term equity investments | 287,125 |
| | Investments: U.S. Treasury Bonds | 75,000 |
| | Investment income: Equity method | | 300,000 |
| | Key-man life insurance premiums paid | 7,950 |
| | Land | 77,624 |
| | Loss on sale of machinery | 1,204 |
| | Loss on sale "B" common stock | 3,995 |
| | Loss on sale "C" common stock | 1,680 |
| | Machinery and equipment | 409,735 |
| | Meals & entertainment | 27,400 |
| | Mortgage: Noncurrent portion | | 346,735 |
| | Mortgage payable: Current portion | | 21,786 |
| | Notes payable | | 682,662 |
| | Office supplies | 5,100 |
| | Other assets | 22,706 |
| | Penalties (fines for improper disposal of waste) | 2,639 |
| | Purchases | 5,295,689 |
| | Rent expense | 32,757 |
| | Repairs and maintenance | 6,996 |
| | Retained earnings: December 31, 2011 | | 967,219 |
| | Retirement contributions | 23,900 |
| | Salary expense (W-2 wages): Employees | 478,110 |
| | Salary expense (W-2 wages): Officers | 240,000 |
| | Sales returns and allowances | 108,454 |
| | Sales revenue | | 6,954,199 |
| | Taxes (property, payroll and other) | 75,295 |
| | Utilities expense | 90,123 |
| | | 10,209,747 | 10,209,747 |
| | Inventory: December 31, 2012 | 641,774 |
ahmdst
extra_info_2.xls
