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NEED ANSWER WITHIN AN HOUR MAX TIME PLEASE! Question: The following items are taken from the financial statements of BCT Company for 2013.... See complete
NEED ANSWER WITHIN AN HOUR MAX TIME PLEASE!
Question: The following items are taken from the financial statements of BCT Company for 2013....
See complete question and instructions on attached file.
NEED ANSWER WITHIN AN HOUR MAX TIME PLEASE! The following items are taken from the financial statements of BCT Company for 2013: $138,800 Cash 75,000 Accounts Payable 15,000 Supplies 35,000 Accounts Receivable 45,000 Inventory 30,000 Salaries Payable 45,000 Unearned Revenue 318,000 Property, plant, and equipment, net 260,000 Intangible assets 100,000 Common Stock 400,000 Additional Paid-in Capital 21,000 Retained Earnings, 12/31/2012 90,000 Long-term debt 746,000 Service revenue 639,200 Cost of Goods Sold 30,000 Rent expense 5,000 Supplies expense 21,000 Insurance expense Instructions: (1) Create a classified balance sheet in good form for the year ended 2013. (2) Calculate the current ratio and debt ratio and explain your findingsStep by Step Solution
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