ac1420 week 3 project part 1
Skeeter10
project_1_task_1_template.xlsxTrial Balance Provided
| Debits | Credits | |
| Amount in Dollars | ||
| Cash | 300,000.00 | |
| Sales | (10,000,000.00) | |
| Cost of Goods Sold | 7,000,000.00 | |
| Other income | (50,000.00) | |
| Interest Expenses | 12,500.00 | |
| Land | 300,000.00 | |
| Building | 2,000,000.00 | |
| Long Term bond payable | (550,000.00) | |
| Accrued Liabilities | (50,000.00) | |
| Accumulated Depreciation Buildings | (250,000.00) | |
| Equipment | 750,000.00 | |
| Receivables | 100,000.00 | |
| Allowance for doubtful accounts | (7,500.00) | |
| Accumulated depreciation equipment | (125,000.00) | |
| Common Stock | (200,000.00) | |
| Payables | (115,000.00) | |
| Inventories | 200,000.00 | |
| Prepaid Expenses | 50,000.00 | |
| Retained Earnings | (215,000.00) | |
| 10,712,500.00 | (11,562,500.00) |
Balance Sheet Template
| Assets | Equity and Liabilities | |||||||||
| Current Assets | Current Liabilities | |||||||||
| Total Current Assets | - 0 | Total Current Liabilities | - 0 | |||||||
| Total long term Liabilities | - 0 | |||||||||
| Total property plant and equipment | - 0 | |||||||||
| Total Equity | - 0 | |||||||||
| Total Assets | - 0 | Total Equity and liabilities | - 0 |
