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E5-5 Preparation of a Corrected Balance Sheet

E5-5 Preparation of a Corrected Balance Sheet
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Solution Guide / Answer Key:

ACCOUNTING

ACC 421
Intermediate Financial Accounting I
Axia College of University of Phoenix (UoP)

Intermediate Accounting
Weygandt, Kieso, Warfield

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.

 

FILE: MS WORD

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