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Crystal Corporations accountant prepared the following statement of financial position on June 30, 2020, the companys year end: Crystal Corporation Statement of Financial Position June

Crystal Corporations accountant prepared the following statement of financial position on June 30, 2020, the companys year end: Crystal Corporation Statement of Financial Position June 30, 2020 Cash $ 85,000.00 Accounts Payable $ 95,000.00 Accounts Receivable (net) $ 162,200.00 Bonds Payable $ 190,000.00 Inventory $ 72,000.00 Shareholders' Equity $ 248,500.00 Investments $ 76,300.00 Computer Equipment (net) $ 96,000.00 Copyright $ 42,000.00 Total $ 533,500.00 Total $ 533,500.00 The following additional information is available: A. The Cash balance includes a bank overdraft of $2,500 (the only account at this bank), and a Bond Sinking Fund of $9,400. B. The net accounts receivable balance includes: -an allowance for doubtful accounts of $3,800 -accounts receivable with credit balances of $4,000 -accounts receivable with debit balances $170,000 C. Inventory does not include goods with a cost of $3,000 shipped out on consignment. Receivables of $3,000 were recorded on these goods. D. Investments include FV/NI investment in common stock, $19,000, FV/OCI investment in common stock $48,300 and a Patent $9,000. E. Computer equipment costing $10,000 with accumulated depreciation of $9,000 is no longer being used and is held for sale. The balance of accumulated depreciation on the other computer equipment is $40,000. F. Some other account balances at June 30 2020: -Contributed surplus. $1,500 -Other comprehensive income.. $10,000 -Accumulated Other Comprehensive Income. $57,000 -Common Shares.. $160,000 -Amortization Expense. $4,500 -Gain on sale of Equipment $1,000 - Retained Earnings.. ?

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