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As an accountant for Johnson & Johnson, you need to prepare the balance sheet as of December 31, 2023, using the following data: Account Amount
As an accountant for Johnson & Johnson, you need to prepare the balance sheet as of December 31, 2023, using the following data:
Account | Amount |
Cash | $1,400,000 |
Accounts Receivable | $1,600,000 |
Inventory | $1,000,000 |
Prepaid Expenses | $600,000 |
Property, Plant, and Equipment | $8,000,000 |
Accumulated Depreciation | $2,400,000 |
Accounts Payable | $1,200,000 |
Short-term Notes Payable | $600,000 |
Long-term Debt | $4,000,000 |
Common Stock | $4,000,000 |
Retained Earnings | $2,200,000 |
Prepare the balance sheet for Johnson & Johnson as of December 31, 2023.
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