Question
MoCo Electronics, Inc need a balance sheet for the year ended march 31, 2020 aaccounts payable 115,500 net sales: 1,465,000 interest expense 3,250 notes receivable
MoCo Electronics, Inc
need a balance sheet for the year ended march 31, 2020
aaccounts payable 115,500 net sales: 1,465,000 interest expense 3,250 notes receivable 100,000
accounts receivable 200,000 cost of good sold: 924,000 taxes 15,250 inventory 56,000
cash 112,500 selling expenses 35,000 retained earnings 725,000 supplies 1,200
land 625,000 bad debt expenses 5,500 prepaid insurance 6,500
less; dividends 25,000 administrative expenses 40,000 stock investment 24,500
mortgage payable 12,500 depreciation expense-equipment 25,000 investment in real state 212,650
notes payable 4,850 insurance expenses 12,500 building 375,000
patents 12,500 interest income 5,000 equipment 65,000
salaries 220,000 rent income 6,000 accumulated depreciation equipment 37,500
unearned service avenue 35,000 salaries and wages 12,500 interest payable 35,000 notes payable 245,000
common stock 397,500 retained earnings 895,500
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