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At december 31,2018, Murray Products has cash of $23,000, recievables of $17,600, and inventory of $79,000, The companys equipment totals $191,000. Murry owes accounts payable
At december 31,2018, Murray Products has cash of $23,000, recievables of $17,600, and inventory of $79,000, The companys equipment totals $191,000. Murry owes accounts payable of $23,000 and long term notes payable of $174,000.
Prepare a Balance Sheet
Start with the heading and then complete the assests section of the statement. Finally complete the liabilities and stockholderss equity section of the statement.
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