Assignment 5 Essay

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Assignment 5 BE5- 10 Hawthorn Corporation’s adjusted trial balance contained the following accounts at December 31, 2010. Retained Earnings $120,000; Common Stock $750,000; Bonds Payable $100,000; Additional Paid-in Capital $200,000; Goodwill $55,000; Accumulated Other Comprehensive Loss $150,000. Prepare the stockholders’ equity section of the balance sheet. E5- 4 (Preparation of a Classified Balance Sheet) Assume that Gulistan Inc. has the following accounts at the end of the current year. |1. Common Stock. |14. Accumulated Depreciation— Buildings. | |2. Discount on Bonds Payable. |15. Cash Restricted for Plant Expansion. | |3. Treasury Stock (at cost). |16. Land Held for Future Plant Site. | |4. Note Payable, short- term. |17. Allowance for Doubtful Accounts— | | |Accounts Receivable. | |5. Raw Materials. | | |6. Preferred Stock Investments— Long- term. |18. Retained Earnings. | |7. Unearned Rent Revenue. |19. Paid- in Capital in Excess of Par— Common Stock. | |8. Work in Process. |20. Unearned Subscriptions Revenue. | |9. Copyrights.

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