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Solinger Electric Corporation

Balance Sheet

Year
Assets

Year 2009

Chanse

Current Assets
Cash

Accounts Receivable Merchandise Inventory Total Current Assets

30,000 20,000

6,000 55,000
5

90,000 100,000

111,000

Noncurrent Assets
Buildings and Equipment (Cost) Accumulated Depreciation Total Noncurrent As sets Total Assets

225,000
1

[tS.ooc ((o Q oo

Liabilities and Shareholders''Equity Current Liabilities

Accounts Payable - Merchandise Suppliers Accounts Payable - Other Suppliers Salaries Payable Total Current Liabilities 30,000
10,000
5

50,000
12,000
0

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soc

Noncurrent Liabilities
Bonds Payable

0 100,000
l5
11

100,000

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Shareholders'Equ! Common Stock

Retained Earnings Total Shareholders' Equity Total Liabilities and Shareholders'

100,000
2
1

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Equ!

Indirect Method Solinger Electric Corporation

incom operati ons bc xes
Balance
Sheet

Indirect Method
(Increase) Decrease in Assets (1) Accounts Receivable (2) Merchandise Inventory (3) Buildings and Equipment (Cost) (4) Accumulated Depreciation Increase (Decrease) in Liabilities and Shareholders' Equity (5) Accounts Payable - Merchandise Suppliers (6) Accounts Payable - Other Suppliers

Chanqes (35,000) (10,000) (125,000)

10,000

Operations

Investing

Financinq

l-/

20,000

2,000
1,000 100,000
0

(7) Salaries Payable (8) Bonds Payable (9) Common Stock (10) Retained Eamings

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(24,000)

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Increase (Decrease) in Cash

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