Question
2.1 Prepare a balance sheet for Alaskan Orange Corp. as of December 31, 2018, based on the following mix of information: cash = $197,000;
2.1 Prepare a balance sheet for Alaskan Orange Corp. as of December 31, 2018, based on the following mix of information: cash = $197,000; inventory = $563,000 notes payable $194,000; patents and copyrights $863,000; accounts payable= $288,000; accounts receivable = $265,000; tangible net fixed assets = $5,300,000; accumulated retained earnings = $4,586,000; long-term debt = $1,450,000. (4%)
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Core Concepts of Government and Not For Profit Accounting
Authors: Michael H. Granof, Penelope S. Wardlow
2nd edition
471737925, 978-0-470-4605, 978-0471737926
