Question
ABA Ltd. Has collected the following data and asks you to prepare the Balance Sheet at 12/31/202: Balance Sheet Items Accounts Payable to Suppliers
ABA Ltd. Has collected the following data and asks you to prepare the Balance Sheet at 12/31/202: Balance Sheet Items Accounts Payable to Suppliers Accounts Receivable from Customers Mortgage Payable Machine Cost of Goods Sold Cash Land (net of depreciation) Income Taxes Payable Depreciation Expense Machine Accumulated Depreciation Machine Retained Earnings Inventory 12/31/202 12/31/20X1 $650 $20,000 $650 $19,000 $4,500 $4,500 $9,000 $6,000 $7,000 $3,000 $4,500 $650 $17,000 $17,000 $7,000 $650 $11,000 $12,000 $650 $21,000 $650 $8,000 $20,000 $4,500 Required 1: ABA's Current assets as of 12/31/20X2 must have been: $| Required 2: ABA's Non Current Assets as of 12/31/20X2 must have been: $ Required 3: ABA's Total Assets as of 12/31/20X2 must have been: $| Required 4: ABA's Current Liabilities as of 12/31/20X2 must have been: $ | Required 5: ABA's Non Current liabilities as of 12/31/202 must have been: $ Required 6: ABA's Total Liabilities as of 12/31/202 must have been: $ Required 7: ABA's Owner's Equity as of 12/31/20X2 must have been: $| Required 8: ABA's Total Liabilities and Owner's Equity as of 12/31/20X2 must have been: $
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