Preparing a Balance Sheet Prepare a 2007 balance sheet for Jarrow Corp. based on the following information:
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Preparing a Balance Sheet Prepare a 2007 balance sheet for Jarrow Corp. based on the following information: cash $175,000; patents and copyrights $720,000; accounts payable $430,000; accounts receivable $140,000; tangible net fixed assets $2,900,000;
inventory $265,000; notes payable $180,000; accumulated retained earnings $1,240,000;
long-term debt $1,430,000. LO.1
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