Course Outcomes #1. Prepare basic financial statements (Income Statement and Balance Sheet) in good form. Reviewing sample problems , notes and completing the assignments will take approximately 4 hours. Complete your assignments in Microsoft Word or Excel and post your assignment grading. Instructions: Arrange the following items in proper balance sheet presentation. Problem # 1. Accumulated depreciation................................................ $200,000 Retained earnings............................................................. 110,000 Cash................................................................................. .... 5,000 Bonds payable................................................................. 142,000 Accounts receivable..................................................................38,000 Plant and equipmentoriginal cost.................................. 720,000 Accounts payable........................................................................35,000 Allowance for bad debts.............................................................6,000 Common stock, $1 par, 150,000 shares outstanding...150,000 Inventory........................................................................................... 66,000 Preferred stock, $50 par, 1,000 shares outstanding.......50,000 Marketable securities..................................................................15,000 Investments......................................................................................20,000 Notes payable...................................................................................83,000 Capital paid in excess of par (common stock)......................88,000.

1. Course Outcomes #1. Prepare basic financial statements (Income Statement and Balance Sheet)
in good form.
Reviewing sample problems , notes and completing the assignments will take approximately 4
hours.
Complete your assignments in Microsoft Word or Excel and post your assignment grading.
Instructions: Arrange the following items in proper balance sheet presentation.
Problem # 1.
Accumulated depreciation................................................ $200,000
Retained earnings............................................................. 110,000
Cash................................................................................. .... 5,000
Bonds payable................................................................. 142,000
Accounts receivable..................................................................38,000
Plant and equipmentoriginal cost.................................. 720,000
Accounts payable........................................................................35,000
Allowance for bad debts.............................................................6,000
Common stock, $1 par, 150,000 shares outstanding...150,000
Inventory........................................................................................... 66,000
Preferred stock, $50 par, 1,000 shares outstanding.......50,000
Marketable securities..................................................................15,000
Investments......................................................................................20,000
Notes payable...................................................................................83,000
Capital paid in excess of par (common stock)......................88,000