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Posted by: Annie kavitha
Price Quoted by Student: $3
Posted On: 2011-04-26 06:06:43
 
Question

E 2-6 Simon Company

 

Exercise 2-6   Balance Sheet Preparation   p. 63

 

From the following data, prepare a classified balance sheet for Simon Company at December 31, 2006.

 

From the following data, prepare a classified balance sheet for Simon Company at December 31, 2006.

 

Accounts payable

$ 62,500

Accounts receivable

123,000

Buildings

418,500

Owners' equity, 1/1/06

210,000

Cash

179,750

Distributions to owners during 2006

21,750

Supplies

3,750

Land

130,000

Mortgage payable

479,500

Net income for 2006

124,750

Owners' equity, 12/31/06

?

 


Solutions
SOLUTION Simon Company Classified Balance sheet
Price $3
Attachment 1: E2-6 Simon Company.doc
Solution Posted By: Annie kavitha    Posted on: 26-04-2011