Los Lobos

Topics: Depreciation, Accounts receivable, Generally Accepted Accounting Principles Pages: 2 (251 words) Published: July 30, 2012
University of Phoenix Material

Los Lobos Ledger Data

| |12-31 | | |2007 |2006 | |Cash | $ 35,000 | $ 32,000 | |Accounts receivable |33,000 | 30,000 | |Allowance for doubtful accounts |(1,300) | (1,100) | |Inventory |31,000 | 47,000 | |Property, plant, & equipment |100,000 | 95,000 | |Accumulated depreciation | (16,500) | (15,000) | |Trade accounts payable | (25,000) | (15,500) | |Income taxes payable | (21,000) | (29,100) | |Deferred income taxes | (5,300) | (4,600) | |8% callable bonds payable |(45,000) | (20,000) | |Unamortized bond discount | 4,500 | 5,000 | |Common stock | (50,000) | (40,000) | |Additional paid-in capital | (9,100) | (7,500) | |Retained earnings | (25,200)...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Los Angeles Abrasion Test Essay
  • Urban Planning Gangs in Los Angeles Research Paper
  • Gang Prevention in Los Angeles Essay
  • Los Angeles Essay
  • Gangs in South Central Los Angeles Essay
  • Los Angeles Riots Essay
  • Essay about Los Angeles Dodgers Bankruptcy: Frank Mccourt V. Major League Baseball
  • Twilight Los Angeles; 1992 Essay

Become a StudyMode Member

Sign Up - It's Free