” Debits Credits Cash $ 197,000 Sales $ 8,100,000 Trading Securities (at cost, $145,000) 153,000 Cost of Goods Sold 4,800,000 Long-term Investments in Bonds 299,000 Long-term Investments in Stocks 277,000 Short-term Notes Payable 90,000 Accounts Payable 455,000 Selling Expenses 2,000,000 Investment Revenue 63,000 Land 260,000 Buildings 1,040,000 Dividends Payable 136,000 Accrued Liabilities 96,000 Accounts Receivable 435,000 Accumulated Depreciation-Buildings 152,000 Allowance for Doubtful Accounts 25,000 Administrative Expenses 900,000 Interest Expense 211,000 Inventories 597,000 Extraordinary Gain 80,000 Long-term Notes Payable 900,000 Equipment 600,000 Bonds Payable 1,000,000 Accumulated Depreciation-Equipment 60,000 Franchise 160,000 Coomon Stock ($5 par) 1,000,000 Treasury Stock 191,000 Patent 195,000 Retained Earnings 78,000 Additional Paid-in Capital 80,000 Totals $12,315,000 $12,315,000 Instructions Prepare a balance sheet at December 31, 2007, for John Nalezny Corporation. Ignore income taxes

Chapter 3 – p. 130 # 12 Required:Hierarchy chart, and Pseudocode12. Draw a flowchart, hierarchy chart, and pseudocode for a program to solve the following problem: A student borrows $3,000 at an interest rate of 2 percent per month on the unpaid balance. If the student pays $200 at the end of each month, what is the remaining balance at the end of one year? How much interest has the student paid for the year? Output. Output consists of a screen display showing the balance each month, remaining balance at the end of one year and the total interest the student has paid for the year. Input. There is no input for this program. Processing. Use a counter-controlled loop. The mathematics involved is as follows. The interest for the first month is 2 percent of the balance ($3,000 * 0.02 = $60). Since $200 is paid each month, the balance after the first payment is $3,000 + $60 − $200 = $2,860. The interest for the second month is the balance $2,860 * 0.02 = $57.20 Since $200 is paid this month also, the balance after the second payment is $2,860 + $57.20 − $200 = $2,717.20. You will need to do this 12 times: once for each month of the year. This is from textbook Programming Logic for Business by Larua SaretISBN-10: 73660965ISBN-13: 9780073660967

FLOWCHART START Principle=3000, rate=2I=i+1I=1 I<=12 Print “ total amount=”+p-p1 stop A=p1*rateP1=p1+a-200 PSEUDOCODE.for the following pseudocode Set r=0.02BeginSet principle= 3000…