Problem 7-68A Financial Statement Presentation of Operating Assets Olympic Acqui

Question

Problem 7-68A Financial Statement Presentation of Operating Assets Olympic Acquisitions Inc. prepared the following post-closing trial balance at December 31, 2019: Debit Credit Cash Accounts Receivable Supplies Land Buildings Equipment Truck Franchise Goodwill Natural Resources Accounts Payable Accumulated Depreciation (Buildings) Accumulated Depreciation (Equipment) Accumulated Depreciation (Truck) Wages Payable Interest Payable Income Taxes Payable $5,400 16,200 25,800 42,350 155,900 278,650 31,100 49,600 313,500 94,600 $4,250 112,000 153,000 16,300 6,850 7,125 12,125

Explanation / Answer

I am filling the blanks only since rest of them all are correct. In order of blanks left
1)=155900-112000=43900
2)=278650-153000=125650
3)=31100-16300=14800
4)=42350+43900+125650+14800=226700
5)=49600+313500=363100
6)=47400+226700+353100+94600=721800

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