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Kappa Corporation's balance sheet as of January 1, 20X79, is as follows: Account Amount Cash $450,000 Accounts Receivable $470,000 Inventory $480,000 Prepaid Expenses $265,000 Property,
Kappa Corporation's balance sheet as of January 1, 20X79, is as follows:
| Account | Amount |
|---|---|
| Cash | $450,000 |
| Accounts Receivable | $470,000 |
| Inventory | $480,000 |
| Prepaid Expenses | $265,000 |
| Property, Plant & Equipment | $3,100,000 |
| Accumulated Depreciation | $600,000 |
| Accounts Payable | $620,000 |
| Notes Payable | $1,080,000 |
| Common Stock | $1,400,000 |
| Retained Earnings | $1,840,000 |
Calculate the following:
- Total Assets
- Total Liabilities
- Total Equity
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Essentials of Accounting for Governmental and Not-for-Profit Organizations
Authors: Paul A. Copley
10th Edition
007352705X, 978-0073527055
