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PLEASE FILL OUT LOWER BOX - THANK YOU The following financial statements and additional information are reported. KIBAN INC. Comparative Balance Sheets June 30, 2013
PLEASE FILL OUT LOWER BOX - THANK YOU
The following financial statements and additional information are reported. KIBAN INC. Comparative Balance Sheets June 30, 2013 and 2012 2012 2013 Assets 108.100 (60,500 Cash 69,700 51,800 Accounts receivable, net 66,300 96.100 Inventory 5,000 Prepaid expenses 6100 114,000 Equipment 125,700 10,300) (28,500) Accum. Equipment Total assets 347400 317.100 Liabilities and Equity 26,400 33,000 Accounts payable 7200 Wages payable 16,200 2,900 3,800 Income taxes payable 52,000 75,000 Notes payable (long term) Common stock, $5 par value 234,000 181,000 24,900 Retained earnings 8100 347400 317.100 Total liabilities and equityStep by Step Solution
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