Laboratory Manual Theory And Practice of Accounting

Cover Laboratory Manual Theory And Practice of Accounting
Laboratory Manual Theory And Practice of Accounting
Fayette H Fayette Herbert Elwell
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It is expected that a quarterly dividend of $2. 00 per share will be paid upon the common stock.
In your report mention such matters as it would seem advisable to know in addition to those contained in the statement given above.
PROBLEM 28 (Missouri, 1914) The trial balance of the Interstate Manufacturing Company, on June 30, 1912, after closing entries have been made, is given below : Patents and Good Will $ 250, 000. 00 Office Furniture 8, 746. 00 Inventory, June 30, 1912: Raw Material 83, 24
...7. 00 Supplies 4, 932. 00 Finished Goods 42, 761. 00 Petty Cash 100. 00 Land 270, 000. 00 Buildings 165, 000. 00 Machinery 235, 000. 00 Cash Subject to Check 69, 433. 00 Accounts Receivable 273, 842. 00 Common Capital Stock $ 500, 000. 00 Preferred Capital Stock 500, 000. 00 Bonds, 6% SO-year 1st Mortgage, Issued June 30 1912 200, 000. 00 Premium on Bonds 20, 000. 00 Preferred Stock Dividends Payable August, 1912 17, 500. 00 Common Stock Dividends Payable August, 1912 12, 500. 00 Reserve for Bad and Doubtful Accounts 8, 294.

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