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Scully Corporation’s comparative balance sheets are presented below.  SCULLY COR

Scully Corporation’s comparative balance sheets are presented below.  SCULLY CORPORATION  Balance Sheets  December 31  2008           2007  Cash                $ 4,300           $ 3,700  Accounts receivable      21,200           23,400  Inventory           10,000               7,000  Land                20,000           26,000  Building                70,000           70,000  Accumulated depreciation      (15,000)           (10,000)  Total           $110,500…

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Grania Company’s income statement contained the condensed information below. GRA

Grania Company's income statement contained the condensed information below. GRANIA COMPANY Income Statement For the Year Ended December 31, 2008                 Revenues                                                                                                  $970,000                 Operating expenses, excluding depreciation           $624,000                          Depreciation expense                                                    60,000                  Loss on sale…

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E 4-7  Emil Skoda Company had the following adjusted trial balance.            

E 4-7  Emil Skoda Company had the following adjusted trial balance.                                         EMIL SKODA COMPANY                                         Adjusted Trial Balance                                              June 30, 2008                                                          Adjusted Trial Balance Account Titles                                     Debits            Credits Cash                                                  $3,712  Accounts Receivable                             3,904  Supplies                                                  480  Accounts Payable                                                      $1,792 Unearned…

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E 4-7  Emil Skoda Company had the following adjusted trial balance.            

E 4-7  Emil Skoda Company had the following adjusted trial balance.                                         EMIL SKODA COMPANY                                         Adjusted Trial Balance                                              June 30, 2008                                                          Adjusted Trial Balance Account Titles                                     Debits            Credits Cash                                                  $3,712  Accounts Receivable                             3,904  Supplies                                                  480  Accounts Payable                                                      $1,792 Unearned…

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