Chapter 10 and 11 Intersession 2020 (1) - Word O Search Ceferences Mailings Review View Help Junk Incorporated Balance Sheet December 31, 2019 2019 2018 Assets Cash Accounts Receivable Inventory Prepaid Expenses Total Current Assets $ $ $ $ $ 75,000 $ 25,000 $ 65,000 $ 12,000 $ 177,000 $ 95,000 26,000 53,000 10,500 184,500 Long Term Investments Property, plant and equipment, net Total Assets $ S $ $ 185,000 $ 362,000 $ 143,000 327,500 Liabilities Accounts Payable Income Taxes Payable Other liabilities Total Current Liabilities $ $ S $ 22,000 $ 4,000 $ 110,000 $ 136,000 $ 29,000 4,200 33,200 Long Term Debt Total Liabilities is 19,900 $ 155,900 $ 85,000 118.200 $ Shareholder Equity Common Shares Retained Earning Total Shareholders Equity Total Liabilities & Shareholder's Equity $ s 5 90,000 $ 116,100 $ 206,100 $ 362,000 5 130.000 79,300 209,300 327,500 D'Focus B Chapter 10 and 11 Intersession 2020 (1) - Word O Search Ceferences Mailings Review View Help Junk Incorporated Balance Sheet December 31, 2019 2019 2018 Assets Cash Accounts Receivable Inventory Prepaid Expenses Total Current Assets $ $ $ $ $ 75,000 $ 25,000 $ 65,000 $ 12,000 $ 177,000 $ 95,000 26,000 53,000 10,500 184,500 Long Term Investments Property, plant and equipment, net Total Assets $ S $ $ 185,000 $ 362,000 $ 143,000 327,500 Liabilities Accounts Payable Income Taxes Payable Other liabilities Total Current Liabilities $ $ S $ 22,000 $ 4,000 $ 110,000 $ 136,000 $ 29,000 4,200 33,200 Long Term Debt Total Liabilities is 19,900 $ 155,900 $ 85,000 118.200 $ Shareholder Equity Common Shares Retained Earning Total Shareholders Equity Total Liabilities & Shareholder's Equity $ s 5 90,000 $ 116,100 $ 206,100 $ 362,000 5 130.000 79,300 209,300 327,500 D'Focus B