trial balance of Zeltz Corporation at December 31
Please, find the attached trial balance of Zeltz Corporation at December 31
The trial balance of Zeitz Corporation at December 31, 2014, follows: Debits Credits Cash $365,000 Sales revenue $11,143,000 FV-NI investments (at fair value) 213,000 Cost of goods sold 6,600,000 Bond investment at amortized cost 489,000 FV—OCI investments (fair value $455,000) 382,000 Notes payable (due in six months) 100,000 Accounts payable 645,000 Selling expenses 3,060,000 Unrealized gain or loss (on investments) 65,000 Land 310,000 Buildings 2,540,000 Commission payable 166,000 Accrued liabilities 111,000 Accounts receivable 625,000 Accumulated depreciation—buildings 162,000 Allowance for doubtful accounts 29,000 Administrative expenses 1,100,000 Interest expense 261,000 Inventory 727,000 Unusual gain 240,000 Correction of prior years error 280,000 Notes payable (due in five years) 1,100,000 Equipment 640,000 Bonds payable 1,500,000 Accumulated depreciation—equipment 77,000
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Posted 19 Dec 2017 02:12 PM
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