D C

Cash 24000 0 Cash $24,000

Account Receivable 72000 0 Account Receivable 72,000
Allowance for Bad Debt 0 3000 Allowance for Bad Debt $1,380
Inventory 87570 0 Inventory 87,570
Long-term investment 15400 Long-term investment 15,400
Land 69600 0 Land 69,600
Building 72000 0 Building 72,000
Accumulated Depreciation- Accumulated 19,800
Building 0 23400 Depreciation-Building
Accounts Payable 0 39620 Accounts Payable 35,000
Mortgage payable 68800 Mortgage payable 68,800
Capital Stock $10 par 180,000 Capital Stock $10 par 180,000
Retained earnings December Retained earnings 14,840
31,2010 0 14840 December 31,2010
Dividends 13400 0 Dividends 13,400
Supplies on Hand 780
Prepaid Insurance 720
Interest reciv invest 240
Tax payble roll 900
Tax payable income 6830
Interst payble motrage 480

Sales 0 246000 Supplies on Hand 780

Sales returns 4360 0 Prepaid Insurance 720
Sales Discounts Interest receivable on 240
5400 0 Long term investment
Cost of goods sold Tax payable on real 900
114370 0 estate & payroll
Selling expense Interest payable on 480
53280 0 Mortgage
Office expense Tax payable on income 6830
21680 0
Insurance expense 720 0 Sales 246,000
Supplies Expense 5200 0 Sales returns 4,360
Taxes-Real Estate and Sales Discounts 5,400
payroll 8880
Interest revenue 0 900 Cost of goods sold 114,370
Interest expense Selling expense 53,280
3120 0
Bad debt expense 1620
depreciation expense 3600
Tax expnse income
6830

584770 584770
Office expense 21,680
Insurance expense 1440 720
Supplies Expense 5,200
Bad debt Expense 1620
Depreciation expense- 3600
Building
Taxes-Real Estate and 8880
payroll
Interest revenue 900
Interest expense 3120
Income tax Expense 6830
585,490 575,650

Cash $24,000
Account Receivable 72,000
Allowance for Bad Debt $3,000
Inventory 87,570
Long-term investment 15,400
Land 69,600
Building 72,000
Accumulated Depreciation- 23,400
Building
Accounts Payable 39,620
Mortgage payable 68,800
Capital Stock $10 par 180,000
Supplies on Hand 780
Prepaid Insurance 720
Interest receivable on Long 240
term investment
Tax payable on real estate & 900
payroll
Interest payable on Mortgage 480

Tax payable on income 6830

Retained earning 19280
Total 342,310 342,310

0
Interest revenue 900
Sales 246000

Retained earnings 246900

19280

Retained earnings 229060

Cost of goods sold
114370
Selling expense 53280
Office expense 21680
Insurance expense
720
Supplies Expense 5200
Taxes-Real Estate
and payroll 8880
Interest expense 3120
Bad debt expense 1620
depreciation
expense 3600
Tax expnse
income 6830
Sales returns 4360
Sales Discounts 5400
229060
Retained earnings 13400
Dividends
13400