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a.
Apr. 1
1
2.
Current assets:
Cash
Accounts receivable
Less allowance for doubtful accounts
Merchandise inventory
Total current assets
Plant assets:
Equipment
Total assets
Current liabilities:
Accounts payable
Notes payable
Total liabilities
LANG AND CAPRI
Balance Sheet
April 1, 2013
Problem 12-1B
Name:
Section:
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Score:
Key Code:
Instructions
0%
[Key code here]
Assets
Liabilities
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Whitney Lang, capital
Eli Capri, capital
Total partners’ equity
Total liabilities and partners’ equity
3.
Mar. 31
31
Schedule: Lang Capri Total
Interest allowance
Salary allowance
Remaining income
Net income
Partners’ Equity
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Enter a zero in cells you would otherwise leave blank.
1.
Apr. 1 18,000
50,000
68,000
126,200
2.
Current assets:
Cash 44,200$
Accounts receivable 43,400$
Cash
LANG AND CAPRI
Problem 12-1B
Name:
Solution
Section:
Balance Sheet
Cash
Merchandise Inventory
Whitney Lang, Capital
Score:
Instructions
Answers are entered in the cells with gray backgrounds.
ON
Cells with non-gray backgrounds are protected and cannot be edited.
Assets
April 1, 2013
Accounts Receivable
Allowance for Doubtful Accounts
Equipment
Merchandise Inventory
Notes Payable
Eli Capri, Capital
Accounts Payable
