ACC 421
Week Four (Week 4)
Exercise 5-5 (E5-5) (Preparation of a Corrected Balance Sheet) Uhura
Company has decided to expand its operations. The bookkeeper recently
completed the balance sheet presented below in order to obtain
additional funds for expansion.
AND SO ON
Instructions
Prepare a revised balance sheet given the available information. Assume
that the accumulated depreciation balance for the buildings is $160,000
and for the office equipment, $105,000. The allowance for doubtful
accounts has a balance of $17,000. The pension obligation is considered a
long-term liability.
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