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Minden Company is a wholesale distributor of premium European chocolates. The company's balance sheet as of April 30 is given below: MINDEN COMPANY Balance
Minden Company is a wholesale distributor of premium European chocolates. The company's balance sheet as of April 30 is given below: MINDEN COMPANY Balance Sheet April 30 Assets Cash Accounts receivable Inventory Buildings and equipment, net of depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Note payable Common shares Retained earnings Total liabilities and stockholders' equity $ 15,000 78,000 37,750 232,000 $362,750 $ 81,500 14,000 180,000 87,258 $362,750
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