Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
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The following is an alphabetical list of Lloyd’s Hudson Dealership Inc.’s December 31, 2019,
1. Prepare a properly classified balance sheet for Lloyd’s Hudson Dealership as of December 31, 2019. List the additional parenthetical or note disclosures (if any) that should be made for each item. 2. Next Level Compute the

Transcribed Image Text:Finished Goods
Accounts Payable
Accounts Receivable
Accrued Pension Cost
$20,900
15,300
13,300
32,400
23,800
8,900
$ 500
16,400
17,000
57,800
8,400
5,000
8,600
30,000
2,600
10,100
28,100
5,000
2,700
14,700
Income Taxes Payable
Interest Payable
Investment in Available-for-Sale Securities
Accumulated Depreciation: Buildings
Accumulated Depreciation: Machinery and Equipment 30,000 Land
Accumulated Other Comprehensive Income
Additional Paid-In Capital on Common Stock
Additional Paid-In Capital on Preferred Stock
Allowance for Doubtful Accounts
Bond Sinking Fund
Bonds Payable (due 2027)
Buildings
Cash
Common Stock, $10 par
Deferred Taxes Payable
Discount on Bonds Payable
Dividends Payable
2,000 Machinery and Equipment
16,300 Marketable Securities (short-term)
7,000 Notes Payable (short-term)
1,000 Patents (net)
7,700 Preferred Stock, $100 par
29,000
92,500 Raw Materials
7,200
44,100
2,800
2,500
5,600
Prepaid Insurance
Retained Earnings
Unearned Rent
Wages Payable
Work in Process
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