Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Create a common size balance sheet for 2021 and 2022 Paid in capital 2021=30,000.00 2022=30,000.00 Retained Earnings 2021=8,600.00 2022=5,875.00 Total common stock holders equity 2021=38,600.00
Create a common size balance sheet for 2021 and 2022 Paid in capital 2021=30,000.00 2022=30,000.00 Retained Earnings 2021=8,600.00 2022=5,875.00 Total common stock holders equity 2021=38,600.00 2022=35,875.00 Total liability & stock holders equity 2021=95,500.00 2022=88,375.00 Total Assets 2021=95,500.00 2022=88,375.00 2021. 2022 Assets Cash Accounts receivable Inventory Other currents assets Total currents assets Plant and equipment Accumulated depreciation Net plant and equipment Total assets 2021. 2022 Liability & stock holders equity Accounts payable Accrued expenses Total current liability Long term dept Total liability Common stock par value Paid in capital retained earnings Total common stock holders equity Total liability & stock holders equity
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started