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As controller for Henderson, you are attempting to reconstruct and revise the following balance sheet prepared by a staff accountant. Henderson Manufacturing Company Balance Sheet
As controller for Henderson, you are attempting to reconstruct and revise the following balance sheet prepared by a staff accountant. Henderson Manufacturing Company Balance Sheet December 31, 2024 ($ in 000s) Assets Current assets: Cash $ 1,800 Accounts receivable 4,400 Allowance for uncollectible accounts (300) Finished goods inventory 6,400 Prepaid expenses 3,100 Total current assets 15,400 Long-term assets: Investments 2,700 Raw materials and work in process inventory 3,600 Equipment 18,000 Accumulated depreciationequipment (8,700) Franchise ?question mark Total assets $ ?question mark Liabilities and Shareholders Equity Current liabilities: Accounts payable $ 6,900 Notes payable 15,000 Interest payable
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