Assianment> Open Assignment URCES The as of December 31 are presented below Lesson 2/Chapter 13...
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Assianment> Open Assignment URCES The as of December 31 are presented below Lesson 2/Chapter 13 ROTHLISBERGER COMPANY Comparative Balance Sheets ber 31 2017 40,800 13,900 Accounts receivable Inventory Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment $46,100 63,600 151,600 142,500 21,600 99,200 130,100 199,200 199,200 (58,700) (34,100) 157,700 (43,300)(35,000) 692,900 $691,700 231,300 Liabilities and Stockholders' Equity Accounts payable Bonds payable $46,400 $39,800 Common stock, $1 par Retained earnings 260,000 294,100 158,200 199,600 $692,900 $691,700 192,300 194,200 Total Additional information: 1. Operating expenses include depreciation expense of $42,000 and charges from prepaid expenses of $7,700 2. Land was sold for cash at book value 3. Cash dividends of $51,400 were paid. 4. Net income for 2017 was $46,000 5. Equipment was purchased for $95,400 cash. In addition, equipment costing $21,800 with a book value of $12,700 was sold for $5,700 cash Bonds were converted at face value by issuing 34,100 shares of $1 par value common stock. December 31 201 7 Type here to search [D
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