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Question 1 Not yet answered Marked out of 10.00 Flag question Presented below is the trial balance of Robin Hood Corporation at December 31, 2019 (LOW221013) Debit Crede € 394,000 e 15,800,000 306,000 9,600,000 598.000 554,000 180,000 910 000 4,000,000 Account Title Cash Sales Revenue Trading Securities (at cost, €145,000) Cost of Goods Sold Long-term Investments in Bonds Long-term Investments in Shares Notes Payable (short-term) Accounts Payable Selling Expenses Investment Revenue Land Buildings Dividends Payable Accrued Liabilities Accounts Receivable Accumulated Depreciation-Buildings Allowance for Doubtful Accounts Administrative Expenses Interest Expense Inventory 126,000 520,000 2,080,000 272,000 192,000 870,000 704.000 50,000 1.800,000 422,000 1,194,000 R
1.100.000 422.000 1.194.000 1. 000 1.200.000 Allowance for Doubtfol Accounts Administrative Expenses Interest Expense Inventory Pension Liability (long term) Notes Payable (long-term) Equipment Bonds Payable Accumulated Depreciation Equipment Franchises Share Capital-Ordinary (€5 par) Treasury Shares Patents Retained Earnings Accumulated Other Comprehensive Income Total 2.000.000 120.000 320,000 2.000.000 382,000 390,000 156,000 160,000 € 24,630,000 € 24,630,000 Required: Prepare a statement of financial position at December 31, 2019. for Robin Hood Corporation. (Ignore income taxes.) EXCEL Paragraph B 1 22
T/OU 520,000 2,080,000 272,000 192,000 870,000 704,000 50.000 Revenue Land Buildings Dividends Payable Accrued Liabilities Accounts Receivable Accumulated Depreciation-Buildings Allowance for Doubtful Accounts Administrative Expenses Interest Expense Inventory Pension Liability (long-term) Notes Payable (long-term) Equipment Bonds Payable Accumulated Depreciation Equipment Franchises Share Capital-Ordinary (€5 par) Treasury Shares Patents Retained Earnings Accumulated Other Comprehensive Income 1.800.000 422,000 1,194,000 160,000 1,800,000 1,200,000 2,000,000 120,000 320,000 2,000,000 382,000 390,000 Total 156,000 160,000 € 24,630,000 € 24,630,000 Required: Prepare a statement of financial position at December 31 2019, for Robin Hood Corporation (Ignore income taxes.) EXCEL F8
Presented below is the trial balance of Robin Hood Corporation at December 31, 2019. (LOW2&LOW) Debut Crede e 394,000 € 15.800.000 306.000 9,600,000 598,000 554.000 180.000 910,000 4,000,000 126,000 Account Title Cash Sales Revenue Trading Securities (at cost, €145.000) Cost of Goods Sold Long-term Investments in Bonds Long-term Investments in Shares Notes Payable (short-term) Accounts Payable Selling Expenses Investment Revenue Land Buildings Dividends Payable Accrued Liabilities Accounts Receivable Accumulated Depreciation-Buildings Allowance for Doubtful Accounts Administrative Expenses Interest Expense Inventory Pension Liability (long-term) Notes Payable (long-term) Equipment 520,000 2,080,000 272,000 192,000 870,000 704,000 50,000 1.800.000 422,000 1,194,000 160,000 1,800,000 1.200.000
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