Comparative balance sheet june 30 2006 june 30 2005, Ask an Expert

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Comparative balance sheet. June 30, 2006 June 30, 2005 cash75900 69200 A/R104800 93500 Inventorie 133300 108900 Investment non active 85000 Land 1120000 non active Equip 425700 329700 Accumulated Depreciation (171,800) (137200) A/P 71 600 63000 Accrued Exp. 6100 50000 Dividends payable 14400 12500 Common stock, 10 par 366000 300000 PIC exces of par- common 31400 19400 Retained Earnings 190400 149200 $ 679900 $549100 Additional info

a.)Equip with land were acquired for cash
b.)Were no disposals on equipment during year
c.)Investments were sold for 100000 cash
d.)Common stock was issued for cash

3.) There was a 94300 credit to retained earnings for net inc.there was a 53100 debit to retained earning for cash dividends declared Cash flow from operationcash flow from investing Cash flow from financingIncrease in cash Beginning cash ending cash.

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Accounting Basics, Accounting

Category:- Accounting Basics
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