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Annual Balance sheet 2016? Income statement 2016? Case 21 The Elusive Cash Balance Table 2 Hunt Distributing, Inc. 102 Balance Sheets 2015 2014 2013 Assets
Annual Balance sheet 2016?
Income statement 2016?
Case 21 The Elusive Cash Balance Table 2 Hunt Distributing, Inc. 102 Balance Sheets 2015 2014 2013 Assets $57,154 700,000 $48,800 600,000 160,000 450,000 300,000 910,000 750,000 115,000 635,000 1,545,000 Cash and Cash Equivalents Accounts Receivable Inventory $1,000,000 619,847 1,757,154 1,268,647 750,000 130,000 620,000 1,888,647 Total Current Assets 750,000 145,000 605,000 2,362,154 Gross Fixed Assets Accumulated Depreciation Net Plant & Equipment Total Assets Liabilities and Owner's Equity $350,000 574,553 79,749 $1,004,553 200,000 1,204,553 $355,117 802,484 $300,000 450,000 69,733 $820,000 200,000 1,020,000 $355,117 513,530 $200,000 300,000 50,000 $550,000 200,000 750,000 $508,450 286,550 Accounts Payable Bank Loan @ 10% per Year Other Current Liabilities Total Current Liabilities Long-Term Debt Total Liabilities Owner's Capital Retained Earnings Total Liabilities and Owner's Equity 2,362,154 1,888,647 1,545,000 Case 21 The Elusive Cash Balance Table 2 Hunt Distributing, Inc. 102 Balance Sheets 2015 2014 2013 Assets $57,154 700,000 $48,800 600,000 160,000 450,000 300,000 910,000 750,000 115,000 635,000 1,545,000 Cash and Cash Equivalents Accounts Receivable Inventory $1,000,000 619,847 1,757,154 1,268,647 750,000 130,000 620,000 1,888,647 Total Current Assets 750,000 145,000 605,000 2,362,154 Gross Fixed Assets Accumulated Depreciation Net Plant & Equipment Total Assets Liabilities and Owner's Equity $350,000 574,553 79,749 $1,004,553 200,000 1,204,553 $355,117 802,484 $300,000 450,000 69,733 $820,000 200,000 1,020,000 $355,117 513,530 $200,000 300,000 50,000 $550,000 200,000 750,000 $508,450 286,550 Accounts Payable Bank Loan @ 10% per Year Other Current Liabilities Total Current Liabilities Long-Term Debt Total Liabilities Owner's Capital Retained Earnings Total Liabilities and Owner's Equity 2,362,154 1,888,647 1,545,000Step by Step Solution
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