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Given the following information, construct the firm's balance sheet: Cash and cash equivalents Accumulated depreciation on plant and equipment Plant and equipment Accrued wages Long-term
Given the following information, construct the firm's balance sheet: Cash and cash equivalents Accumulated depreciation on plant and equipment Plant and equipment Accrued wages Long-term debt Inventory Accounts receivable Preferred stock Retained earnings Land Accounts payable Taxes due Common stock Common shares outstanding Current portion of long-term debt $ 800,000 1,120,000 6,340,000 400,000 3,130,000 6,950,000 5,010,000 650,000 10,906,000 1,920,000 1,960,000 190,000 $ 22 par 107,000 $ 310,000 Round your answers to the nearest dollar. Assets Cash and cash equivalents $ Accounts receivable Inventory Total current assets $ Corporation X Balance Sheet as of XX/XX/XX Liabilities and Owners' Equity Accounts payable Taxes due Accrued wages Current portion of long-term debt Total current liabilities Long-term debt Preferred stock Common stock Retained earnings Total shareholders' equity Total liabilities and shareholders' equity $ Plant and equipment Total assets
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