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Need help answering questioning 15-21 ASAP!!! I'm timed GUITAR CORPORATION BALANCE SHEETS FOR YEARS ENDED JULY 31, 20x5 AND 20X4 20X5 20x4 Cash Short Term
Need help answering questioning 15-21 ASAP!!! I'm timed GUITAR CORPORATION BALANCE SHEETS FOR YEARS ENDED JULY 31, 20x5 AND 20X4 20X5 20x4 Cash Short Term Investments Accounts Receivable Inventory Prepaid Expenses Land Buildings (net of depreciation) Equipment (net of depreciation) 975 3.125 3,850 8,345 S 1,325 S 2.450 4,600 8,750 132 7.650 23,560 10,543 7,650 21,960 9.993 S 59,010 56,012 Total Assets Accounts Payable Accrued Liabilities Income Taxes Payable Notes Payable, Short Term Notes Payable, Long Term Mortgage Payable Bonds Payable Common Stock, $5 par value Additional Paid In Capital, Common Retained Earnings 942 134 390 7,500 7,700 9.880 13,000 5,100 690 10,676 865 S 142 460 5,000 9,500 10,625 15,000 5,300 725 11,393 Total Liabilities and Stockholders $ 59,010 S 56,012 Equity Guitar Corporation had total sales of S45,600 during 20X5 with cost of goods sold of $28,272. Net income for 20X5 was $2,827
Need help answering questioning 15-21 ASAP!!! I'm timed
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