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Conected Balance Sheet The following balance sheet was prepared by the accountant for Midway Company Midway Company Balance Sheet June 30, 2011 Assets Cash
Conected Balance Sheet The following balance sheet was prepared by the accountant for Midway Company Midway Company Balance Sheet June 30, 2011 Assets Cash Investment securities-Tradne includes long-term investment of $225.000 in stock of Bahen fuders Inventories inet of amount still due.opters of $50,0001 Prepaid expenses includes a deposit of $25,000 made on inventories to be devered in 18 months Property Riant, and equipment (excluding $60,000 of equipment still in use. but full depreciated Goodwilled an estimate by the president of Midway Compand 5 44.500 5.328.200 585.100 66.000 270.000 85,000 $1.329.300 Liabilities and Owner Equity $150,000 180,000 able 335,000 in 201 estavable Inatinshengemount due to suppliers.ofinventar bevel Long term ability under penalan alan Bstained ratings.readed for baxan Accumulated depreciation Laxevable Bonds savable (net of discount of $525.000) Deferred cemetasability Common stock (33,000 shares. $3 Addtionala in catal Woratet.alnadsarios Total ateities and owner euty N DELL B 4000 112.000 30,000 37.000 300.000 71.000 11.000 227.300 338.300 F10 F11 F12 a H J K L B N P
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