The following data, presented in alphabetical order, are taken from the records of Texton Corporation. Accounts payable $ 150,000 Accounts receivable 90,000 Accumulated depreciation?buildings 1,80,000 Accumulated depreciation?equipment 52,000 Allowance for doubtful accounts 6,000 Bond investments 4,00,000 Bonds payable (10%, due 2023) 3,50,000 Buildings 9,00,000 Cash 63,000 Common stock ($5 par value;500,000 shares authorized, 240,000 shares issued) 12,00,000 Discount on bonds payable 20,000 Dividends payable 50,000 Equipment 2,75,000 Goodwill 1,90,000 Income taxes payable 70,000 Investment in Jansen Inc. stock (30% ownership), at equity 2,40,000 Land 4,10,000 Inventory 1,70,000 Notes payable (due 2013) 70,000 Paid-in capital in excess of par value 4,64,000 Prepaid insurance 16,000 Retained earnings 3,10,000 Short-term stock investment, at fair value 1,28,000 Instructions Prepare a balance sheet at December 31, 2012.
The following data- presented in alphabetical order- are taken from the records of
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