Homework Answers
Shareholders' equity section
| Contributed capital | |
| Common stock, $5 par | $ 1,50,000 |
| Additional paidup capital on common stock | $ 55,000 |
| Total paid up capital | $ 2,05,000 |
| Retained earnings | $ 1,58,000 |
| Total paid up capital and retained earnings | $ 3,63,000 |
| Less: Treasury stock,at cost | $ 29,000 |
| Total shareholers' equity | $ 3,34,000 |
| Disclosure in notes to financials | |
| Retained earnings | |
| Retained earnings (unrestricted) | $ 1,41,000 |
| Retained earnings (restricted for plalnt expansion) | $ 17,000 |
| Total | $ 1,58,000 |
Note:
Bonds payable, Premium on bonds payable and sinking fund for bonds retirement is not part of equity.
Unearned rent is a current liability
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Accounts Payable
Accounts Receivable
Accrued Liabilities
Accumulated Depreciation-Building
Accumulated Depreciation-Equipment
Advances to Employees
Allowance for Doubtful Accounts
Bonds Payable
Bond Sinking Fund
Buildings
Cash
Cash Surrender Value of Life Insurance
Common Stock
Construction in Process
Copyrights
Debt Investments
Dividends Payable
Discount on Bonds Payable
Equipment
Equity Investments
Finished Goods
Franchises
Goodwill
Income Tax Payable
Income Tax Receivable
Interest Payable
Interest Receivable
Inventory
Investments in Common Stock
Investments in Stocks and Bonds
Land
Notes Payable
Notes Receivable
Noncontrolling Interest
Paid-in Capital...
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Accounts Payable
Accounts Receivable
Accrued Liabilities
Accumulated Depreciation-Building
Accumulated Depreciation-Equipment
Advances to Employees
Allowance for Doubtful Accounts
Bonds Payable
Bond Sinking Fund
Buildings
Cash
Cash Surrender Value of Life Insurance
Common Stock
Construction in Process
Copyrights
Debt Investments
Dividends Payable
Discount on Bonds Payable
Equipment
Equity Investments
Finished Goods
Franchises
Goodwill
Income Tax Payable
Income Tax Receivable
Interest Payable
Interest Receivable
Inventory
Investments in Common Stock
Investments in Stocks and Bonds
Land
Notes Payable
Notes Receivable
Noncontrolling Interest
Paid-in Capital...
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