Question
Prepare a 2017 balance sheet for Jarrow Corp. based on the following information: cash = $142,000; patents and copyrights = $630,000; accounts payable = $219,500;
Prepare a 2017 balance sheet for Jarrow Corp. based on the following information: cash = $142,000; patents and copyrights = $630,000; accounts payable = $219,500; accounts receivable = $162,500; tangible net fixed assets = $1,655,000; inventory = $300,500; notes payable = $115,000; accumulated retained earnings = $1,248,000; long-term debt = $860,000. (Do not round intermediate calculations. Be sure to list the accounts in order of their liquidity.)
JARROW CORP. Balance Sheet | |||
Assets | |||
Cash $ _____________ Accounts Receivable $ _____________ Inventory $_____________ Current Assets $______________ Tangiable Net Fixed Assets $______________ Intangiable Net Fixed Assets $_______________ Total Assets $ ______________ Liabilities & Equity Accounts Payable $_______________ Notes Payable $______________ Current Liabilities $_______________ Long Term Debt $_______________ Total Liabilities $_______________ Common Stock $_______________ Accumlated Retained Earrnings $_____________ Total Liabilites & Owners Equity $ _____________ |
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