1. Business
  2. Accounting
  3. question 6 presented below is the trial balance of carla...

Question: question 6 presented below is the trial balance of carla...

Question details

Question 6 Presented below is the trial balance of Carla Corporation at December 31, 2017. Debit Credit Cash 199,850 Sales Debt Investments (trading) (cost, $145,000) Cost of Goods Sold Debt Investments (long-term) Equity investments (long-term) Notes Payable (short-term) Accounts Payable Selling Expenses Investment Revenue Land Buildings Dividends Payable Accrued Liabilities Accounts Receivable Accumulated Depreciation-Buildings Allowance for Doubtful Accounts Administrative Expenses Interest Expense Inventory Gain (extraordinary) Notes Payable (long-term) Equipment Bonds Payable Accumulated Depreciation-Equipment Franchises Common Stock ($5 par) Treasury Stock 8,103,200 156,200 4,800,000 301,850 279,850 93,200 458,200 2,003,200 67,270 263,200 1,042,850 138,850 99,200 438,200 152,000 28,200 904,270 215,270 599,850 84,270 902,850 603,200 1,002,850 60,000 160,000 1,003,200 194,200
Buildings Dividends Payable 1,042,850 138,850 99,200 Accrued Liabilities Accounts Receivable Accumulated Depreciation-Buildings Allowance for Doubtful Accounts Administrative Expenses Interest Expense Inventory Gain (extraordinary) 438,200 152,000 28,200 904,270 215,270 599,850 Notes Payable (long-term) Equipment 84,270 902,850 603,200 Bonds Payable Accumulated Depreciation-Equipment Franchises Common Stock ($5 par) 1,002,850 60,000 160,000 1,003,200 Treasury Stock Patents Retained Earnings Paid-in Capital in Excess of Par 194,200 195,000 80,850 82,850 $12,356,990 $12,356,990 Totals
Prepare a balance sheet at December 31, 2017, for Carla Corporation. (Ignore income taxes). (List Current Assets in order of liquldit Building and Equipment. Enter account name only and do not provide the descriptive information provided in the question.) CARLA CORPORATION Balance Sheet Assets
Kieso, Intermediate Accounting, 16e CALC Liabilities and Stockholsers Equity
Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT
Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution