Develope a balance sheet for Honeyglazed Ham.
Honeyglazed Hams, Inc.
Adjusted Trial Balance
December 31, 2012
(Amounts in thousands) Adjusted Trial Balance
|
Account
|
Debit
|
Credit
|
|
Cash
|
$ 3,700
|
|
|
Accounts receivable
|
1,700
|
|
|
Inventories
|
1,600
|
|
|
Prepaid expenses
|
1,600
|
|
|
Property, plant and equipment
|
6,800
|
|
|
Accumulated depreciation
|
|
$ 2,800
|
|
Other assets
|
9,500
|
|
|
Accounts payable
|
|
7,900
|
|
Income tax payable
|
|
500
|
|
Other liabilities
|
|
2,400
|
|
Common stock
|
|
4,600
|
|
Retained earnings (beginning, December 31, 2011)
|
|
4,700
|
|
Dividends
|
1,500
|
|
|
Sales revenue
|
|
40,900
|
|
Cost of goods sold
|
25,000
|
|
|
Selling, administrative, and general expenses
|
10,300
|
|
|
Income tax expense
|
2,100
|
|
|
Total
|
$63,800
|
$63,800
|