EXERCISE 3-17 (30 MINUTES)

1. and 2.

Cash Accounts Receivable

Bal. 7,000 234,000 (m) Bal. 18,000 245,000 (l)

(l) 245,000 (k) 250,000

Bal. 18,000 Bal. 23,000

Raw Materials Prepaid Insurance

Bal. 9,000 38,000 (b) Bal. 4,000 3,000 (g)

(a) 40,000 Bal. 1,000

Bal. 11,000

Work in Process Finished Goods

Bal. 20,000 140,000 (j) Bal. 32,000 130,000 (k)

(b) 32,300 (j) 140,000

(f) 45,000 Bal. 42,000

(i) 60,000

Bal. 17,300

Plant and Equipment Accumulated Depreciation

Bal. 210,000 53,000 Bal.