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I need help completing #4 and #6 and #7 and #8 Near the end of 2015, the management of Dimsdale Sports Co., a merchandising company,
I need help completing #4 and #6 and #7 and #8
Near the end of 2015, the management of Dimsdale Sports Co., a merchandising company, prepared the following estimated balance sheet for December 31, 2015. DIMSDALE SPORTS COMPANY Estimated Balance Sheet December 31, 2015 Assets 35,500 Cash Accounts receivable 520,000 95,000 Inventory Total current assets 650.500 540,000 Equipment Less accumulated depreciation 67,500 Equipment, net 472,500 Total assets 1.123,000 Liabilities and Equity 360,000 Accounts payable Bank loan payable 15,000 88,000 Taxes payable (due 3/15/2016) Total liabilities 463,000 Common stock 472,500 187,500 Retained earnings Total stockholders' equity 660,000 Total liabilities and equity 1.123,000Step by Step Solution
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