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need to see if my answers are correct on the boxes Problem 9-02 Given the following information, construct the firm's balance sheet: Cash and cash
need to see if my answers are correct on the boxes
Problem 9-02 Given the following information, construct the firm's balance sheet: Cash and cash equivalents Accumulated depreciation on plant and equipment Plant and equipment Accrued wages Long-term debt Inventory Accounts receivable Preferred stock Retained earnings Land Accounts payable Taxes due Common stock 5 Common shares outstanding Current portion of long-term debt 5 Round your answers to the nearest dollar $ 260,000 810,000 6,430,000 400,000 3,780,000 7.260,000 3,620,000 640,000 7,460,000 2,870,000 2,860,000 90,000 20 par 200,000 400.000 Round your answers to the nearest dollar $ $ Corporation X Balance Sheet as of XX/XX/XX Assets Liabilities and Owners' Equity Cash and cash equivalents $ 260,000 Accounts payable Accounts receivable 3,620,000 Taxes due Inventory 7,260,000 Accrued wages Total current assets $11,140,000 Current portion of long-term debt Land 2,870,000 Total current liabilities Plant and equipment 5,620,000 Long-term debt Preferred stock Common stock Retained earnings Total shareholders' equity Total assets $ 19,630,000 Total liabilities and shareholders' equity 2,860,000 90,000 400,000 400,000 3,750,000 3,780,000 640,000 4,000,000 7,460,000 15,880,000 19,630,000 Step by Step Solution
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