Short-Term Note PayableSolution to Chapter 2 – Practice problemPP1CashShort-TermNote Receivable LandBeg. 0 Beg. 0 Beg. 0(a) 40,000 2,000 (c) (d) 3,000 (b) 12,000 3,000 (d)2,000 (e)36,000 3,000 9,000EquipmentShort-TermNotes PayableLong-TermNotes PayableBeg. 0 0 Beg. 0 Beg.(c) 20,000 12,000 (b) 18,000 (c)(e) 2,00022,000 12,000 18,000Contributed Capital0 Beg.40,000 (a)40,000PP2Cash Short-Term Investments Accounts ReceivableBeg. 21,000 Beg. 2,000 Beg. 3,000(b) 20,000 10,000 (a) (d) 15,000(e) 20,000 10,000 (c)(i) 2,000 15,000 (d) End. 17,000 End. 3,0006,000 (f)15,000 (g) Inventory Long-Term Note ReceivableBeg. 24,000 Beg. 1,000(c) 10,000End. 7000 End. 24,000 End. 11,000Equipment Factory Building IntangiblesBeg. 48,000 Beg. 90,000 Beg. 3,000(a) 30,000 2,000 (i) (g) 42,000 (f) 6,000End. 76,000 End. 132,000 End. 9,000Accounts Payable Accrued Liabilities Payable Short-Term Note Payable15,000 Beg. 2,000 Beg. 7,000 Beg.20,000 (a)20,000 (e)15,000 End. 2,000 End. 47,000 End.Long-Term Note Payable Contributed Capital Retained Earnings48,000 Beg. 90,000 Beg. 30,000 Beg.27,000 (g) 20,000 (b) 75,000 End. 110,000 End. 30,000
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