Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Construct a simple balance sheet of a Company X, as of 31.12.20 Inventory 150 000 Long term loans 175 000 Sales 200 000 Cash 80

Construct a simple balance sheet of a Company X, as of 31.12.20

Inventory 150 000

Long term loans 175 000

Sales 200 000

Cash 80 000

Accounts Payables 45 000

Short term loans 30 000

Interest expense 5 000

Accounts Receivables 55 000

Property, Plant, Equipment 75 000

EBIT 35 000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield

15th edition

978-1118147290

Students also viewed these Accounting questions