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Balance Sheet Statement as of Dec. 31 Year 1 Year 2 Year 3 Year 4 Assets Cash 924,585 1,416,373 2,897,708 3,417,219 Land 600,000 600,000 600,000 - Office Building 1,400,000 1,400,000 1,400,000 - Office Furniture 20,000 20,000 20,000 20,000 Office Equipment 24,000 24,000 24,000 24,000 Vehicle - 35,000 - - Accounts Receivable 103,595 - - - 120,973 - - - 142,375 - - - 171,063 Less: Allowance for doubtful accounts 10,360 17,965 25,084 30,216 Less: Accumulated Depreciation 44,787 96,574 134,361 35,200 Total Assets 3,017,034 3,501,807 4,924,638 3,566,866 Liabilities Senior Debt 1,600,000 1,600,000 1,600,000 1,600,000 Accounts Payable 60,755 - - - 67,123 - - - 557,460 - - - 83,178 Total Liabilities 1,660,755 1,600,000 1,600,000 1,600,000 1,667,123 1,600,000 1,600,000 1,600,000 2,157,460 1,600,000 1,600,000 1,600,000 1,683,178 Stockholders' Equity Common Stock $100,000.00 $100,000.00 $100,000.00 $100,000.00 Additional Paid in Capital (APIC) $900,000 $900,000 $900,000 $900,000 Retained earnings 356,278 834,683 1,767,177 2,183,687 Treasury Stock - - - 1,300,000 Total Stockholders Equity 1,356,278 1,000,000 1,000,000 1,000,000 1,834,683 1,000,000 1,000,000 1,000,000 2,767,177 1,000,000 1,000,000 1,000,000 1,883,687 Total Liabilities and Stockholders Equity 3,017,033 3,501,806 4,924,637 3,566,865 

          Balance Sheet
Statement as of Dec. 31
Year 1
Year 2
Year 3
Year 4
Assets
Cash
924,585
1,416,373
2,897,708
3,417,219
Land
600,000
600,000
600,000
-
Office Building
1,400,000
1,400,000
1,400,000
-
Office Furniture
20,000
20,000
20,000
20,000
Office Equipment
24,000
24,000
24,000
24,000
Vehicle
-
35,000
-
-
Accounts Receivable
103,595
-
-
-
120,973
-
-
-
142,375
-
-
-
171,063
Less: Allowance for doubtful accounts
10,360
17,965
25,084
30,216
Less: Accumulated Depreciation
44,787
96,574
134,361
35,200
Total Assets
3,017,034
3,501,807
4,924,638
3,566,866
Liabilities
Senior Debt
1,600,000
1,600,000
1,600,000
1,600,000
Accounts Payable
60,755
-
-
-
67,123
-
-
-
557,460
-
-
-
83,178
Total Liabilities
1,660,755
1,600,000
1,600,000
1,600,000
1,667,123
1,600,000
1,600,000
1,600,000
2,157,460
1,600,000
1,600,000
1,600,000
1,683,178
Stockholders' Equity
Common Stock
$100,000.00
$100,000.00
$100,000.00
$100,000.00
Additional Paid in Capital (APIC)
$900,000
$900,000
$900,000
$900,000
Retained earnings
356,278
834,683
1,767,177
2,183,687
Treasury Stock
-
-
-
1,300,000
Total Stockholders Equity
1,356,278
1,000,000
1,000,000
1,000,000
1,834,683
1,000,000
1,000,000
1,000,000
2,767,177
1,000,000
1,000,000
1,000,000
1,883,687
Total Liabilities and Stockholders Equity
3,017,033
3,501,806
4,924,637
3,566,865
Show more…
balance sheet statement as of dec 31 year 1 year 2 year 3 year 4 assets cash 924585 1416373 2897708 3417219 land 600000 600000 600000 office building 1400000 1400000 1400000 office furniture 20986

Added by Dana H.

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Horngren’s Cost Accounting
Horngren’s Cost Accounting
Srikant M. Datar, Madhav V. Rajan 16th Edition
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Balance Sheet Statement as of Dec. 31 Year 1 Year 2 Year 3 Year 4 Assets Cash 924,585 1,416,373 2,897,708 3,417,219 Land 600,000 600,000 600,000 - Office Building 1,400,000 1,400,000 1,400,000 - Office Furniture 20,000 20,000 20,000 20,000 Office Equipment 24,000 24,000 24,000 24,000 Vehicle - 35,000 - - Accounts Receivable 103,595 - - - 120,973 - - - 142,375 - - - 171,063 Less: Allowance for doubtful accounts 10,360 17,965 25,084 30,216 Less: Accumulated Depreciation 44,787 96,574 134,361 35,200 Total Assets 3,017,034 3,501,807 4,924,638 3,566,866 Liabilities Senior Debt 1,600,000 1,600,000 1,600,000 1,600,000 Accounts Payable 60,755 - - - 67,123 - - - 557,460 - - - 83,178 Total Liabilities 1,660,755 1,600,000 1,600,000 1,600,000 1,667,123 1,600,000 1,600,000 1,600,000 2,157,460 1,600,000 1,600,000 1,600,000 1,683,178 Stockholders' Equity Common Stock $100,000.00 $100,000.00 $100,000.00 $100,000.00 Additional Paid in Capital (APIC) $900,000 $900,000 $900,000 $900,000 Retained earnings 356,278 834,683 1,767,177 2,183,687 Treasury Stock - - - 1,300,000 Total Stockholders Equity 1,356,278 1,000,000 1,000,000 1,000,000 1,834,683 1,000,000 1,000,000 1,000,000 2,767,177 1,000,000 1,000,000 1,000,000 1,883,687 Total Liabilities and Stockholders Equity 3,017,033 3,501,806 4,924,637 3,566,865
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Transcript

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00:01 To compute the book value as per the common share which is for 20xw and 20xx the corporation we need to divide the total share holders equity by the number of common shares outstanding for 20xw i .e book value is equal to total share holders equity upon number of common share outstanding i .e 1525000 upon 87500 which is 17 .43…
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