Question

Intermediate Manufacturing Group Adjusted Trial Balance December 31, 2019 DR CR 25000 25000 35000 74000 70000 300000 500000 500000 195000 70000 156000 315000 75000 40000 65000 165000 60000 40000 45000 200000 Cash Accounts Payable Accounts Receivable Accumulated Depreciation Accumulated Other Comprehensive Income Bonds Payable (due 6 months, paid with Debt Service Fund) Buildings Common Stock Copper Mine Copyright Current Portion of Long-Term Debt Debt Sinking Fund Deferred Pension Asset Deferred Tax Asset Finished Goods Inventory Franchise Goodwill Interest Payable Investment in Jones Co. Bonds (to be held) Land Land for Future Expansion Land Improvements Long-term Investment in ABC Stock Machinery & Equipment Merchandise Inventory Mortgage Payable Note Payable (due in 5 years) Note Receivable from Officer (due in 3 years) Office Furniture Paid-in Capital in Excess of Par Patent Preferred Stock Prepaid Insurance Prepaid Rent Retained Earnings Salaries Payable Short-Term Marketable Securities Supplies Inventory Trade Name Trademark Unearned Income (to be earned next month) Work-in-Process Inventory 225000 150000 65000 105000 25000 250000 350000 150000 25000 200000 45000 600000 24000 48000 ??? 35000 10000 15000 40000 15000 60000 40000

create a balance sheet form

Answer 1

Balance Sheet for the year ended December 31,2019

liabilities	amount	assets	amount
commom stock	500000
Acounts payable	25000	cash	25000
Accumulated Depreciation	74000	accounts receivable	35000
accumulated other comprehensive income	70000	building	500000
bonds payable	300000	copper mine	195000
current portion of long term debt	156000	copyright	70000
interest payable	40000	debt sinking fund	315000
mortgage payable	250000	deferred pension assets	75000
note payable	350000	deferred tax assets	40000
paid up capital in excess of par	200000	finished goods inventory	65000
preferred stock	600000	franchise	165000
retained earning (balancing figure)	112000	goodwill	60000
salaries payable	35000	investment in jones co. bonds	45000
unearned income (to be earned next month)	60000	land	200000
		land for future expansion	225000
		land improvements	150000
		long term investment in ABC stock	65000
		machinery & equipment	105000
		merchandise inventory	25000
		note receivable from officer	150000
		office furniture	25000
		patent	45000
		prepaid insurance	24000
		prepaid rent	48000
		short term marketable securities	10000
		supplies inventory	15000
		Trade name	40000
		Trademark	15000
		work in process	40000
Total	2772000	Total	2772000