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A company's balance sheet as of January 1, 20X39, is as follows: Account Amount Cash $190,000 Accounts Receivable $210,000 Inventory $220,000 Prepaid Expenses $135,000 Property,
A company's balance sheet as of January 1, 20X39, is as follows:
| Account | Amount |
|---|---|
| Cash | $190,000 |
| Accounts Receivable | $210,000 |
| Inventory | $220,000 |
| Prepaid Expenses | $135,000 |
| Property, Plant & Equipment | $1,450,000 |
| Accumulated Depreciation | $260,000 |
| Accounts Payable | $280,000 |
| Notes Payable | $440,000 |
| Common Stock | $580,000 |
| Retained Earnings | $780,000 |
Calculate the following:
- Total Assets
- Total Liabilities
- Total Equity
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Essentials of Accounting for Governmental and Not-for-Profit Organizations
Authors: Paul A. Copley
10th Edition
007352705X, 978-0073527055
