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Assume that you are the president of High Power Corporation. At the end of the first year of operations (December 31), the following financial data
Assume that you are the president of High Power Corporation. At the end of the first year of operations (December 31), the following financial data for the company are available: |
Accounts Payable | $ | 33,500 | |
Accounts Receivable | 11,650 | ||
Cash | 14,700 | ||
Common Stock | 60,490 | ||
Dividends | 2,090 | ||
Equipment | 93,000 | ||
Notes Payable | 2,040 | ||
Operating Expenses | 59,800 | ||
Other Expenses | 7,990 | ||
Sales Revenue | 99,600 | ||
Supplies | 6,400 |
I am off on the balance sheet, please help!
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