Business Assignment- Adjustment and Preparation
Exercise: W4-T1 Balance Sheet Adjustment and Preparation (Chapter 5)Presented below is the adjusted trial balance of Bailey Corporation at December 31, 2008.Debits CreditsCash $52,000Accounts Receivable 173,000Allowance for Doubtful Accounts 10,400Prepaid Insurance 6,300Inventory 319,300Long-term Investments 345,000Land 105,000Construction Work in Progress 136,000Patents 36,000Equipment 380,000Acc
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27 Oct 2017