George Johnny Unadjusted Trial Balance Accounts Title Debit Credit Cash 130,200 Supplies Prepaid Rent Prepaid Insurance 60,000 9,000 6,000 Accounts Receivable 130,000 Equipment Accounts Payable 30,000 30,000 Bank Loan 50,000 Mr. George, Capital Mr. George, Drawings 100,000 30,000 Service Revenue 400,000 Legal Expense Salaries Expense 4,800 180,000 Total 580.000 580 000

List some of the possible groups of financial statement users.

Hemlock Company developed the following data for the current year: Beginning work in process inventory                            $275,000 Direct materials used                                                        160,000 Actual overhead                                                                340,000 Overhead applied                                                             225,000 Cost of goods manufactured                                          265,000 Total manufacturing costs                                               860,000   Hemlock Company's direct labor cost for the year is?

Define Financial instrument.