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BALANCE SHEET: Gallinas Industries Balance Sheet December 31 Assets Cash Marketable securities Accounts receivable Inventories Liabilities and Stockholders' Equity Accounts payable Notes payable Accrued wages
BALANCE SHEET:
Gallinas Industries Balance Sheet December 31 Assets Cash Marketable securities Accounts receivable Inventories Liabilities and Stockholders' Equity Accounts payable Notes payable Accrued wages $ 30,000 54,640 109,280 116,110 $ 310,030 $ 139,864 233,106 372,970 $ 683,000 Total current liabilities Long-term debt Preferred stock Common stock (10,000 shares) Retained earnings Total liabilities and stockholders' equit,y $ 54,640 54,640 54,640 $ 163,920 $ 184,410 $ 81,960 150,260 102,450 $ 683,000 Total current assets Land and buildings (net) Machinery and equipment Total fixed assets (net) Total assets
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