Question
At December 31, 2018, the accounting records of Braun Corporation contain the following items: Accounts Payable $ 12,000 Accounts Receivable $ 32,000 Land $ 232,000
At December 31, 2018, the accounting records of Braun Corporation contain the following items:
| Accounts Payable | $ | 12,000 | Accounts Receivable | $ | 32,000 | ||
| Land | $ | 232,000 | Cash | ? | |||
| Capital Stock | ? | Equipment | $ | 112,000 | |||
| Building | $ | 172,000 | Notes Payable | $ | 182,000 | ||
| Retained Earnings | $ | 152,000 | |||||
If Capital Stock is $252,000, what is the December 31, 2018 cash balance?
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Introduction To Managerial Accounting
Authors: Peter Brewer, Ray Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan
6th Canadian Edition
1260060411, 9781260060416
