Question
A balance sheet for Jarrow Corp. based on the following information: cash = $135,000; patents and copyrights = $630,000; accounts payable = $214,500; accounts receivable
A balance sheet for Jarrow Corp. based on the following information: cash = $135,000; patents and copyrights = $630,000; accounts payable = $214,500; accounts receivable = $110,000; tangible net fixed assets = $1,640,000; inventory = $297,000; notes payable = $140,000; accumulated retained earnings = $1,262,000; long-term debt = $853,000.(Do not round intermediate calculations. Be sure to list the accounts in order of their liquidity.)
JARROW CORP. Balance Sheet
Assets
(Click to select)Accounts receivableAccounts payableInventoryCashNotes payable $__________________
(Click to select)Accounts payableAccounts receivableTangible net fixed assetsNotes payableIntangible net fixed assets___________________
(Click to select)Common stockCashAccounts receivableInventoryAccounts payable ____________________
Current assets. $_____________________
(Click to select)Accounts payableTangible net fixed assetsInventoryIntangible net fixed assetsAccounts receivable _____________________
(Click to select)Intangible net fixed assetsNotes receivableAccumulated retained earningsTangible net fixed assetsCommon stock____________
Total assets. $ _____________________
Liabilities & Equity
(Click to select)Accumulated retained earningsNotes payableLong-term debtAccounts payableAccounts receivable $___________________
(Click to select)Accumulated retained earningsLong-term debtNotes payableNotes receivableCommon stock ____________________
Current liabilities $______________________
(Click to select)Long-term debtInventoryCashAccounts receivableAccounts payable ______________________
Total liabilities $_______________________
(Click to select)Accounts payableCommon stockNotes receivableNotes payableAccounts receivable ______________________
(Click to select)CashAccounts payableAccumulated retained earningsNotes payableCommon stock _______________________
Total liabilities & owners' equity $_______________________
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