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At December 31, 2018, Murray Products has cash of $22,000, receivables of $17,600, and inventory of $81,000. The company's equipment totals $183,000. Murray owes accounts
At December 31, 2018, Murray Products has cash of $22,000, receivables of $17,600, and inventory of $81,000. The company's equipment totals $183,000. Murray owes accounts payable of $30,000 and long-term notes payable of $170,000. Common stock is $35,500 Read the requirement .. part complete the assets section of the balance sheet. In the second part complete the liabilities and stockholders' equity section of the balance sheet. If a box is not used in the table leave the box empty, do not select a label or enter a zero.) Murray Products Balance Sheet December 31, 2018 Assets Liabilities Current liabilities: Current assets: Cash $ 22.000 Accounts payable $ 30,000 Receivables 17,600 Long-term liabilities: Inventory 81,000 Long-term notes payable 170,000 Total liabilities 200,000 Total current assets 120,600 Stockholders' equity Common stock 35,500 Equipment 183,000 Retained earnings Total stockholders' equity $ 303,600 Total assets Total liabilities and stockholders' equity
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