Vikas

balance sheet

Balance Sheet The following is a list of the December  31, 2010 balance sheet accounts of the internatonal products company
Additional paid in capital on preferred stock  1600
Account receivable                                     13800
Dividends payable                            1800
Building                    50000
Bonds payable                   29000
Retained earning                  25800
Office supplies                 1900
Current income taxes payable      4200
Accumulated depreciation equipment     8300
Patents net                        2400
Notes payable        17000
Inventory           24400
Additional paid in capital on common stock   7700
Sinking fund bond retirement      4000
Account payable      16500
Prepaid insurance       900
Discount on bonds payable      2000
Common stock  10 par      15000
Equipment       29000
Allowance for doubtful accounts       700
Preferred stock 50 par    10000
Accumulated depreciation building    12400
Current interest payable    2900
Investment in held to maturity bonds    9000
Cash          8200
Treasury stock at cost    1500
Accrued wages    3700
Land       9500


Prepare properly classified balance sheet for international products company on Dec 31, 2010
Assume instead that international products company uses IFRS prepare ITS BALANCE sheet on Dec 31.2010        

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16 Jan 2016

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  1. Vikas

    balance sheet

    Prepare properly classified balance shee ****** ******
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