| Coal and Power Supplies on Hand | $ 1,240.19 |
| Packing Materials on Hand | 340.20 |
| Gasoline on Hand | 125.00 |
| Factory Supplies | 100.00 |
| Insurance Unexpired | 540.23 |
| Warehouse Rent Prepaid | 150.00 |
| Stationery on Hand | 150.00 |
| Experimental Laboratory Materials on Hand | 425.00 |
| Advertising Prepaid | 500.00 |
| Purchases Discount Not Yet Taken on Unpaid Vouchers | 840.22 |
| Advertising Unpaid | 1,000.00 |
| Direct Labor Accrued | 1,793.75 |
| Indirect Labor Accrued | 225.33 |
| Engineers and Firemen’s Wages Accrued | 125.67 |
| Receiving and Shipping Clerk’s Wages Accrued | 75.50 |
| Assembling and Setting Up Wages Accrued | 15.00 |
| Salesmen’s Salaries Accrued | 2,524.50 |
| Salesmen’s Commissions Accrued | 1,360.18 |
| Deliverymen’s Wages Accrued | 67.50 |
| Royalties Accrued | 150.00 |
| Rent Accrued | 400.00 |
| Interest Payable | 17.25 |
| Taxes on Factory Accrued | 819.37 |
| Taxes on Stock Accrued | 395.62 |
| Bond Interest Accrued | 150.00 |
| Inventories of stock-in-trade and raw materials were: | |
| Desks and Tables | $20,855.10 |
| Bookcases and Filing Cabinets | 17,671.40 |
| Knoxfrauds, Finished | 2,511.20 |
| Raw Materials | 15,241.92 |
| Goods in Process | 9,255.65 |
Calculate depreciation at the yearly rates given below. The balance in the account is to be used as the basis, reckoning for 16 months.
| Power Equipment | 12½% |
| Machinery | 8⅓% |
| Factory Buildings | 1½% |
| Patterns | 20% |
| Patents | ¹/₁₇ |
| Delivery Equipment | 15% |
| Furniture and Fixtures, Factory | 12½% |
| Furniture and Fixtures, Store and Office | 10% |
| Organization Expense | 5% of the original cost |
| Tools Inventory | $825.50 |
Allocate the following charges as indicated:
Insurance: $2,196.43 to Factory and $519.24 to Selling.
Taxes: $1,012.24 to Factory and $411.23 to Selling.
Receiving and shipping: ¾ to Shipping and ¼ to Receiving, of which 40% to Desks and Tables, 35% to Bookcases and Filing Cabinets, 25% to Raw Materials.
In-freight and delivery: $4,400 to Desks and Tables, $3,500 to Bookcases and Filing Cabinets, $750 to Raw Materials.
Rent: $6,400 to Selling, $1,500 to Office.
Light, heat, and power: 92% to Factory, 6% to Selling, 2% to Office.