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McFadden Corp. reports the following balances on its December 31, 20X2, balance sheet: Amounts in Thousands Accounts Payable $60 Accounts Receivable 120 Accumulated Depreciation 350
McFadden Corp. reports the following balances on its December 31, 20X2, balance sheet:
Amounts in Thousands | |
Accounts Payable | $60 |
Accounts Receivable | 120 |
Accumulated Depreciation | 350 |
Fixed Assets (net) | 900 |
Inventory | 150 |
Long Term Debt | 400 |
Paid in excess | 160 |
Retained Earnings | 380 |
Total Assets | 1,240 |
Total Liabilities | 500 (long term debt+current liabilities) |
All of the remaining accoints are listed below. Calculate the balances in each:
Accrurals, Cash, Common Stock, Fixed Assets (gross), Total Current Assets, Total Current Liabilities, Total Equity
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