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Entry field with incorrect answer Accumulated depreciation— equipment Buildings Cash Interest payable Goodwill Income taxes payable Inventory Stock investments( to be Land( in use) Mortgage payable Supplies Equipment Prepaid rent
Exercise 2-5
These items are taken from the financial statements of Donavan Co. at
December 31, 2014.
Buildings
$ 121,035
Accounts receivable
14,414
Prepaid insurance
3,661
Cash
13,545
Equipment
94,266
Land
70,013
Insurance expense
892
Depreciation
6,063
expense
Interest expense
2,974
Common stock
68,640
Retained earnings
45,760