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BE5-1Harding Corporation Trial Balance Dec. 31, 2014
Account Receivables $ 110,000.00
Inventory $ 290,000.00
$ 8,000.00
Patents $ 72,000.00
Prepaid Insurance $ 9,500.00
Accounts Payable $ 77,000.00
Cash $ 30,000.00
Answer to Question
Current !!et! D"t
Ca!# $ 30,000.00
ccount ecei%a"le $ 110,000.00
$ 8,000.00 $ 102,000.00
&n%entorie! $ 290,000.00
'repaid &n!urance $ 9,500.00
Total Current !!et! $ 431,500.00
BE5-3(utca!t Co)pan*Trial Balance Dec. 31, 2014
Prepaid Rent 5200
5+000
Unearned Fees 17000
39000
otes Receivable !"on#-ter$% 42000
Allo&ance 'ordoubt'ul account
e!!- lloance /ordou"t/ul account!
(ebt Invest$ent!)radin#%
"and !*eld 'orinvest$ent%
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Answer to Question
ongter) in%e!t)ent!
Heldto)aturit* !ecuritie! 5+,000.00
ongter) note recei%a"le! 42,000.00
and #eld /or in%e!t)ent 39,000.00
Total &n%e!t)ent! 137,000.00
BE5-5Crane Corporation Trial Balance Dec. 31, 2014
21,000.00
+ood&ill 150,000.00
Prepaid Insurance 12,000.00
Patents 220,000.00Franchises 130,000.00
Answer to Question
oodill 150,000.00
'atent! 220,000.00
ranc#i!e! 130,000.00
Total intangi"le! 500,000.00
E,uity Invest$ents!)radin#%
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BE5- T#o)a! Corporationdu!ted Trial Balance Dec. 31, 2014
Bond! 'a*a"le due in 3 *ear! 100,000.00
ccount! 'a*a"le 72,000.00
6ote! 'a*a"le 22,500.00
alarie! and age! 'a*a"le 4,000.00
&nco)e Tae! 'a*a"le 7,000.00
Answer to Question
Current lia"ilitie!
6ote! pa*a"le 22,500.00
ccount! pa*a"le 72,000.00
ccrued !alarie! 4,000.00
&nco)e tae! pa*a"le 7,000.00
Total current lia"ilitie! .............................. 105,500.00
BE5-. elating to B:58
6oncurrent lia"ilitie!
Bond! pa*a"le 400,000.00
'en!ion lia"ilit* 375,000.00
'ro%i!ion /or arrantie! 0
Total noncurrent lia"ilitie! 775,000.00
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BE5-11toe Co)pan*;! Dece)"er 31, 2014
&n%e!t)ent in Co))on toc< 70,000.00
etained :arning! 114,000.00 Trade)ar<! 31,000.00
're/erred toc< 152,000.00
Co))on toc< 55,000.00
De/erred &nco)e Tae! 88,000.00
'aidin Capital in :ce!! o/ 'ar 174,000.00
6oncontrolling intere!t +3,000.00
Answer to Question
:=uit*
#ared Capital 're/erence 152,000.00
#ared Capital(rdinar* 70,000.00
#ared 're)iu) (rdinar* 174,000.00
etained :arning! 114,000.00
>inorit* &ntere!t +3,000.00
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Total :=uit* 573,000.00
BE5-13
)e! Co)pan* reported 2014
6et inco)e 151,000.00
ccount! ecei%a"le increa!e 13,000.00
ccount! 'a*a"le increa!e 9,500.00
Depreciation epen!e 44,000.00
Answer to Question
Ca!# ?o! /ro) (perating cti%itie!
6et inco)e 151,000.00
du!t)ent! to reconcile net inco)e
'ro%ided "* operating acti%itie!
Depreciation :pen!e 44,000.00
&ncrea!e in account! rece 13,000.00
increa!e in account! pa* 9,500.00 40,500.00
6et ca!# pro%ided "* operating acti%itie! 191,500.00
BE5-15 relate! to B:514
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&!!uance o/ ornidar* !#are! 147,000.00
'urc#a!e o/ trea!ur* !#are! 40,000.00
'a*)ent o/ ca!# di%idend 95,000.00
etire)ent o/ "ond! 100,000.00
6et ca!# u!ed "* @nancing 8,000.00
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BE5-/Aoc# Corporation Trial Bala
Cash
"and
Patents
Accounts Receivable
Prepaid Insurance
Inventory
Answer to Question
Current !!et!
Cash
Accounts Receivable 90,000.00
4,000.00
Inventory
Prepaid Insurance
Total Current !!et!
BE5-0oell Co)pan*Trial Balan
Inventory
Buildin#
E,uip$ent
Allo&ance 'or(oubt'ul Account
E,uityInvest$ent!)radin#%
E,uityInvest$ent!)radin#%
Allo&ance 'or(oubt'ul Account
Accu$ulated(epreciation-
"and !held 'orinvest$ent%
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"and
)i$berland
Answer to Question
'ropert*, plant, and e=uip
and
Building!
e!!- ccu)ulated depreci
:=uip)ent
e!!- ccu)ulated depreci
Ti)"erland
Total 'lant 'ropert*
BE5-'atric< Corporation du!te
'repaid ent
oodill
ranc#i!e ee! ecei%a"le
ranc#i!e!'atent!
Trade)ar<!
Answer to Question
&ntangi"le a!!et!
Capitalied de%elop)ent co!t!
oodill
ranc#i!e!
'atent!
Trade)ar<!
Total intangi"le a!!et!
Accu$ulated(epreciation- Buildin#
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BE5-2da)! Co)pan* Trial Bala
ccount! 'a*a"le
'en!ion ia"ilit*
Di!count on Bond! 'a*a"le
nearned ent e%enue
Bond! 'a*a"le
alarie! and age! 'a*a"le
&ntere!t 'a*a"le
&nco)e tae! 'a*a"le
Answer to Question
Current lia"ilitie!
ccount! pa*a"le
nearned ent e%enue
age! pa*a"le&ntere!t pa*a"le
'ro%i!ion /or arrantie!
&nco)e tae! pa*a"le
Total current lia"ilitie!
BE5-1
Hat#orn Corporationdu!ted Trial B
etained :arning
Co))on toc<
Bond! 'a*a"le
'aidin Capital in :ce!! o/ 'ar Co))
oodill
ccu)ulated ot#er co)pre#en!i%e lo
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6oncontrolling intere!t
Answer to Question
:=uit*
#are capitalordinar* !#are!
#are pre)iu)ordinar* !#are!
etained earning!
ccu)ulated ot#er co)pre#en!i%e in
>inorit* intere!t
Total e=uit*
BE5-1/Ae*!er Be%erage Co)pan*
6et inco)e
Di%idend! 'aid&ncrea!e in ccount! ecei%a"le
&ncrea!e in ccount! 'a*a"le
'urc#a!e o/ :=uip)ent Capital :pen
Depreciation :pen!e
&!!ue o/ note! pa*a"le
Answer to Question
4peratin# Activities
6et &nco)e
Depreciation :pen!e 4,000.00
&ncrea!e in account! rec 10,000.00
increa!e in account! pa* 7,000.00
6et ca!# pro%ided "* operating acti%it
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Investin# Activities
'urc#a!e o/ e=uip)ent
inancing cti%itie!
&!!ue! note! pa*a"le
Di%idend!
6et Ca!# ?o /ro) @nancing
6et C#ange in ca!#
BE5-10>artine corporation enga
ale! o/ land and "uilding
'urc#a!e o/ trea!ur* !toc<
'urc#a!e o/ land
pa*)ent o/ ca!# di%idend
'urc#a!e o/ e=uip)ent
i!!uance o/ co))on !toc<
etire)ent o/ "ond!
Answer to Question
ale! o/ and and Building'urc#a!e o/ land
'urc#a!e o/ e=ui)ent
6et Ca!# pro%ided "* in%e!ting acti%it
BE5-1 relate! to B:514
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ree Ca!# lo nal*!i!
6et Ca!# 'ro%ided "* operating acti%i
e!!- Purchase of equipment
purchase of land
dividends
Free Casho
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ce Dec. 31, 2014
7,000.00
440,000.00
12,500.00
90,000.00
5,200.00
30,000.00
4,000.00
11,000.00
D"t
7,000.00
11,000.00
8+,000.00
30,000.00
5,200.00
139,200.00
e Dec. 31, 2014
12+,8+0.00
212,110.00
20,010.00
191,270.00
55,030.00
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51,540.00
70,5+0.00
71,090.00
ent
70,5+0.00
212,110.00
51,540.00 1+0,570.00
191,270.00
20,010.00 171,2+0.00
71,090.00
473,480.00
d Trial Balance Dec. 31, 2014
1+,270.00
58,240.00
3,580.00
43,100.0037,0+0.00
14,340.00
58,240.00
43,100.00
37,0+0.00
14,340.00
152,740.00
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ce Dec. 31, 2014
220,000.00
375,000.00
29,000.00
41,000.00
400,000.00
27,000.00
12,000.00
29,000.00
220,000.00
41,000.00
27,000.0012,000.00
0
29,000.00
329,000.00
lance Dec. 31, 2014
120,000.00
750,000.00
100,000.00
on toc< 200,000.00
55,000.00
! 150,000.00
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35,000.00
750,000.00
200,000.00
120,000.00
o)e 150,000.00
35,000.00
955,000.00
40,000.00
5,000.0010,000.00
7,000.00
8,000.00
4,000.00
20,000.00
40,000.00
1,000.00
41,000.00
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8,000.00
20,000.00
5,000.00
15,000.00
48,000.00
ed in t#e /olloing ca!# tran!action!
191,000.00
40,000.00
37,000.00
95,000.00
53,000.00
147,000.00
100,000.00
191,000.0037,000.00
53,000.00
101,000.00
6et ca!# pro%ided 400,000.00
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400,000.00
53,000.00
37,000.00
95,000.00
215,000.00
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:55
Current assets
Ca!# 231,950.00
ccount! recei%a"le net 341,950.00
&n%entor* loero/a%erageco!tor)ar 402,950.00
:=uit* in%e!t)ent! t 124,+50.00 144,+50.00Property plant and e,uip$ent
Building! net 574,+50.00
:=uip)ent net 1+4,+50.00
and #eld /or /uture u!e 179,+50.00
&ntangi"le a!!et!
oodill 81,950.00
Ca!# !urrender %alue o/ li/e in!urance 91,950.00
'repaid epen!e! 13,950.00
Current lia"ilitie!
ccount! pa*a"le 139,+50.00
6ote! pa*a"le due net *ear 12+,950.00'en!ion o"ligation 8+,+50.00
ent pa*a"le 50,950.00
're)iu) on "ond! pa*a"le 54,950.00
ongter) lia"ilitie!
Bond! pa*a"le 504,+50.00
toc<#older!E e=uit*
Co))on !toc<, $1.00 par, aut#oried
400,000 !#are!, i!!ued 291950
dditional paidin capital 1+1950
etained earning! F
Answer to Question
Current Assets
Cash 231,950.00
Trading Securities 124,650.00
Account Receivables 360,900.00
Less: Allowance for do 18950 341,950
Inventories at ower of average
cor market 402950.00
Prepaid expenses 13,950.00
Total current assets 1,115,450.00
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Long term investments
Land held for future us 179,+50.00
cash surrender of life 91,950.00 271,+00.00
Insurance
Property, Plant, and Equipment
Building 73+,+00.00
Less: accum. Depre. 1+1950 574,+50.00
Office Equipment 271,+00.00
Less: accum depr. Offi 10+950 1+4,+50.00
Intangible Assets
Goodwill 81,950.00
Total !!et! 2,208,300.00
ia"ilitie! and !toc<#older;! e=uit*
ccount 'a*a"le 139,+50.00
6ote! 'a*ale due net *ear 12+,950.00
ent 'a*a"le 50,950.00
Total Current lia"ilitie! 317,550.00
ong ter) lia"ilitie!
Bond 'a*a"le 504,+50.00
add pr)iu) "ond! pa 54,950.00 559,+00.00
pen!ion o"igation 8+,+50.00
Total ia"ilitie! 9+3,800.00
toc< #older!; :=uit*
Co))on toc<, $1 par 291,950.00
dditional paid capital 1+1950
retained earning! 790,+00.00
Total e=uit* 1,244,500.00
total lia"ilitie! and e=uit* 2,208,300.00
E5-
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eroni)o Co)pan*
Ca!# +9,000.00 6ote! and ccoun
ccount! ecei%a"le! 40,500.00 ongter) ia"iliti
&n%entor* +0,000.00 toc<#older!; e=ui
:=uip)ent 84,000.00
'atent! 21,000.00
Total 274,500.00
Answer to Question
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:512 D"t
Ca!# $ 197,000 198,+90.00
ale! e%enue $ 8,100,000
De"t &n%e!t)ent! trading at co!t, $145,000 153,000 157,7+0.00
Co!t o/ ood! old 4,800,000 4,804,7+0.00
De"t &n%e!t)ent! longter) 299,000 300,+90.00
:=uit* &n%e!t)ent! longter) 277,000 278,+90.00
6ote! 'a*a"le !#ortter) 90,000
ccount! 'a*a"le 455,000
elling :pen!e! 2,000,000 2,004,7+0.00&n%e!t)ent e%enue +3,000
and 2+0,000 2+0,000.00
Building! 1,040,000 1,041,+90.00
Di%idend! 'a*a"le 13+,000
ccrued ia"ilitie! 9+,000
ccount! ecei%a"le 435,000 439,7+0.00
ccu)ulated DepreciationBuilding! 152,000
lloance /or Dou"t/ul ccount! 25,000
d)ini!trati%e :pen!e! 900,000 901,800.00
&ntere!t :pen!e 211,000 212,800.00
&n%entor* 597,000 598,+90.00
ain etraordinar* 80,000
6ote! 'a*a"le longter) 900,000
:=uip)ent +00,000 +04,7+0.00
Bond! 'a*a"le 1,000,000
ccu)ulated Depreciation:=uip)ent +0,000
ranc#i!e! 1+0,000 1+0,000.00
Co))on toc< $5 par
Trea!ur* toc< 191,000 195,7+0.00
'atent! 195,000 195,000.00
etained :arning! 78,000'aidin Capital in :ce!! o/ 'ar
Total! 12,355,+10.00
Answer to Question
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G&GD& C('(T&(6
tate)ent o/ inancial 'o!ition
31Dec10
on-current assets
ongter) in%e!t)ent!
&n%e!t)ent! in "ond!
&n%e!t)ent! in capital !#are! Total longter) in%e!t)ent!
Property plant and e,uip$ent
and
Building! 1,041,+90.00
e!!- ccu). depreciation 152,000.00
:=uip)ent +04,7+0.00
e!!- ccu). Depreciation +0,000.00
Total propert*, plant, and
e=uip)ent.
Intan#ible assets
ranc#i!e'atent
Total intangi"le a!!et!
Total non-current assets
Current assets
&n%entorie!
ccount! recei%a"le 439,7+0.00
e!!- lloance /or dou"t/ul 29,7+0.00
account!
Trading !ecuritie!
Ca!#
Total current a!!et!
Total a!!et!
E,uity and "iabilities
E,uity
#are capitalordinar* $5 par ......... $1,000,000
etained earning! .................................. 130,000
ccu)ulated ot#er co)pre#en!i%e
inco)e..................................................... 80,000
e!!- Trea!ur* !#are!........................... 191,000 195,7+0.00 Total e=uit* ....................................... $1,019,000
on-current liabilities
Bond! pa*a"le .......................................... $1,000,000
ongter) note! pa*a"le....................... 900,000
'ro%i!ion /or pen!ion!........................... 80,000
Total noncurrent lia"ilitie! ......... 1,980,000
Current liabilities
#ortter) note! pa*a"le...................... $ 90,000
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ccount! pa*a"le .................................... 455,000
Di%idend! pa*a"le ................................... 13+,000
ccrued lia"ilitie! .................................... 9+,000
Total current lia"ilitie! .................. 777,000
Total lia"ilitie!.................................. 2,757,000
Total e=uit* and lia"ilitie! ............................ $3,77+,000
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lloance /or dou"t/ul account 18950
accu) deprec. Building! 1+1950
ccu) deprec. :=uip)ent 10+950
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t 'a*a"le 44,000.00
e! 75,000.00
t* 155,500.00
274,500.00
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Cr
8,104,7+0.00
94,7+0.00
459,7+0.00
+4,800.00
137,+90.00
100,7+0.00
152,000.00
29,7+0.00
81,800.00
901,+90.00
1,001,+90.00
+0,000.00
1,004,7+0.00
79,+90.0081,+90.00
12,355,+10.00
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300,+90.00
278,+90.00 579,380.00
2+0,000.00
889,+90.00
544,7+0.00
1,+94,450.00
1+0,000.00195,000.00
355,000.00
2,+28,830.00
598,+90.00
410,000.00
157,7+0.00
198,+90.00
1,3+5,140.00
3,993,970.00
1,004,7+0.00
325,130.00 ale!
&n%e!t)ent e%enue
81,800.00 Co!t o/ ood old!
elling epen!e! 1,215,930.00 d)ini!tratri%e :pen!e!
&ntere!t epen!e!
1,001,+90.00 6et &nco)e
901,+90.00
81,+90.00
1,985,070.00 Beg. etained :arning
6et &nco)e
94,7+0.00 :nding etained :arning!
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459,7+0.00
137,+90.00
100,7+0.00
792,970.00
2,778,040.00
3,993,970.00
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8,104,7+0.00
+4,800.00
4,804,7+0.00
2,004,7+0.00 901,800.00
212,800.00
245,440.00
79,+90.00
245,440.00
325,130.00
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