32525

Homework:

E1†2.

|A |Accounts receivable |

|A |Cash and cash equivalents |

|R |Net sales |

|L |Notes payable |

|L |Taxes payable |

|SE |Retained earnings |

|E |Cost of products sold |

|E |Marketing, administrative, and other operating expenses |

|E |Income taxes |

|L |Accounts payable |

|A |Land |

|A |Property, plant and equipment |

|L |Long-term debt |

|A |Inventories |

|E |Interest expense |

E1†5.

Req. 1

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Balance Sheet

At December 31, 2010

|ASSETS | |LIABILITIES |...