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Assets Labe Cash $7,200 Acunts Payable $18.000 Accounts Revable 32050 Equity Equipment Lant 15,000 Common Stock 71250 Ta Assets 75,000 tamed Eaming $119,250 30.000
Assets Labe Cash $7,200 Acunts Payable $18.000 Accounts Revable 32050 Equity Equipment Lant 15,000 Common Stock 71250 Ta Assets 75,000 tamed Eaming $119,250 30.000 Labies and Equity $116250 Required At the end of 2015, Barth Company reported the following assets and liabilities: Cash, $13,200 Accounts Receivable, $27,600; Equipment, $13,500; Land, $75,000, and Accounts Payable, $11.250 Prepare a year-end balance sheet for Barth, (Hint: Report equity as a single total) BARTH COMPANY December 31, 2015 Assets Cash * Accounts Receiva 13,200 Accounts Payable 27,600 Equ 13.500 Equity Land Tal Assets 75.000 125.300 Stockholders tauty Total Liabilities and tuty 118,050 129.300 b. Assuming that Barth did not issue any common stock during the year but paid $18,000 cash in dividends, what was its net income or net loss for 2015 $ 72,000 Assuming that Barth issued an additional $20,250 common stock early in the year but paid $31,500 cash in dividends before the end of the year, what was its net income or net loss for 2015? 50 Check
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