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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 $ 1,950 Accounts receivable 4,450 Allowance for uncollectible accounts (700) Finished goods inventory 6,300 Prepaid expenses 4,100 Total current assets 16,100 Long-term assets: Investments 3,700 Raw materials and work in process inventory 4,600 Equipment 23,000 Accumulated depreciationequipment (9,700) Franchise ?question mark Total assets $ ?question mark Liabilities and Shareholders Equity Current liabilities: Accounts payable $ 7,900 Notes payable 15,000 Interest payable
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