Question
Accounts payable 268,400 Accruals 10,600 Accumulated depreciation 1,986,900 Additional paid in capital 2,017,600 Beginning of year inventory 2,658,100 Common stock ($1.60 par value) 1,060,000 Cost
Accounts payable 268,400 Accruals 10,600 Accumulated depreciation 1,986,900 Additional paid in capital 2,017,600 Beginning of year inventory 2,658,100 Common stock ($1.60 par value) 1,060,000 Cost of goods sold 15,864,300 Current portion of Long-term debt 104,400 Gross accounts receivable 886,200 Gross fixed assets 5,789,600 Long-term debt (excluding current portion) 2,647,200 Purchases 15,258,600 Retained earnings 1,478,500 Returns and allowances 9,400 Short-term bank loan 45,600 Cash ???
1. What did Jades Jeans record as Total Current Assets on December 31, 2018 balance sheet?
2. What did Jades Jeans record as Total Current Liabilities on December 31, 2018 balance sheet?
3. What did Jades Jeans record as Total Assets on December 31, 2018 balance sheet?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started