At the end of the year, Johnson's Manufacturing Corporation had the following balances: Work in process...............................................$52,000 Cash

Question:

At the end of the year, Johnson's Manufacturing had the following balances:
Work in process...............................................$52,000
Cash and cash equivalents.............................$346,000
Finished Goods................................................. $85,600
Raw materials.................................................... $33,000
Accounts Receivable.........................................$237,000
Prepare a partial for Johnson's showing the above accounts.
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...