Great Kornett Company Balance Sheet
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Solved Solution Company During Its First Fiscal Year Ended December 31 2016 Were As Follows Vertical Profit And Loss Account Format In Excel Form Of Balance Sheet Per Companies Act 2013 Is
ACCOUNT TITLE DEBIT CREDIT.
Kornett company balance sheet. Checks outstanding at December 31 68540. Ad Find Business Balance Sheet. Petty Cash 450000 Cash 24396000 Notes receivable 10000000 Accounts receivable 47000000 Less.
Bank debit memo for service charges 750. KORNETT COMPANY BALANCE SHEET AT DECEMBER 31 2016 SL No. 470000 Allowance for Doubtful Accounts 16000.
Balance according to the bank statement at December 31 283000. Balance according to the ledger at December 31 245410. Balance according to the ledger at December 31 245410.
Based on the following information and the post-closing trial balance shown below prepare a balance sheet in report form at December 31 of the current yearThe merchandise inventory is stated at cost by the LIFO methodThe product warranty payable is a current liabilityVacation pay payableCurrent liability. Estimated uncollectible accounts at December 31 16000 based on an aging of accounts receivable. Petty Cash 450000 Cash 24396000 Notes receivable 10000000 Accounts receivable 47000000 Less.
Answer of Selected transactions completed by Kornett Company during its first fiscal year ended December 31 20Y8 were as follows. 630000 Kornett Company Post-Closing Trial Balance December 31 2014 Submitted. The Total Assets on your balance sheet should equal 3569300.
Deposit in transit not recorded by bank 29500. Miscellaneous selling expense 570. Balance according to the bank statement at December 31 283000.
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