Reference no: EM131265849
These items are taken from the financial statements of Donovan Co. at December 31, 2010.
(Note: Some accounts may not be used at all).
Building $95,800
Accounts receivable 7,600
Prepaid insurance 4,680
Cash 13,840
Equipment 79,400
Land 61,200
Trademark 25,000
Insurance expense 780
Depreciation expense 7,300
Land held as Investment 10,000
Interest expense 2,600
Common stock 52,000
Note Payable – due July 1, 2011 5,000
Retained earnings - Dec 31, 2010 76,500
Accumulated depreciation—building 45,600
Accounts payable 7,500
Mortgage payable – due Dec 31, 2030 88,600
Accumulated depreciation—equipment 18,720
Wages payable 3,600
Bowling revenues 17,180
From the information above, compute the following amounts:
Current assets __________
Long Term Investments __________
Net Property Plant and Equipment __________
Intangible Assets __________
Current Liabilities __________
Long Term Liabilities __________
Stockholders’ Equity
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