Question
Accounts payable 1,028,700 Accruals 462,300 Accumulated depreciation 2,235,000 Additional paid in capital 18,179,000 Beginning of year inventory 8,456,000 Common stock ($1.60 par value) 16,200,000 Cost
Accounts payable | 1,028,700 | |
Accruals | 462,300 | |
Accumulated depreciation | 2,235,000 | |
Additional paid in capital | 18,179,000 | |
Beginning of year inventory | 8,456,000 | |
Common stock ($1.60 par value) | 16,200,000 | |
Cost of goods sold | 71,729,000 | |
Current portion of Long-term debt | 3,330,000 | |
Gross accounts receivable | 2,875,000 | |
Gross fixed assets | 83,159,600 | |
Long-term debt (excluding current portion) | 45,743,000 | |
Purchases | 74,384,000 | |
Retained earnings | 10,008,000 | |
Returns and allowances | 21,000 | |
Short-term bank loan | 368,700 | |
Cash | ??? |
1. What did Jades Jeans record as Total Current Assets on December 31, 2016 balance sheet?
2. What did Jades Jeans record as Total Current Liabilities on December 31, 2016 balance sheet?
3. What did Jades Jeans record as Total Assets on December 31, 2016 balance sheet?
4. What was Total Shareholders Equity on Jades Jeans December 31, 2016 balance sheet?
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