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Prepare a 2017 balance sheet for Jarrow Corp. based on the following information: cash = $146,000; patents and copyrights = $630,000; accounts payable = $222,500;
Prepare a 2017 balance sheet for Jarrow Corp. based on the following information: cash = $146,000; patents and copyrights = $630,000; accounts payable = $222,500; accounts receivable = $165,000; tangible net fixed assets = $1,665,000; inventory = $302,500; notes payable = $135,000; accumulated retained earnings = $1,240,000; long-term debt = $864,000. (Do not round intermediate calculations. Be sure to list the accounts in order of their liquidity.)
Prepare a 2017 balance sheet for Jarrow Corp. based on the following Information: cash = $146.000; patents and copyrights $630,000: accounts payable = $222,500; accounts recelvable = $165.000; tangible net fixed assets = $1,665.000; Inventory = $302,500; notes payable = $135,000: accumulated retalned earnings = $1,240,000; long-term debt = $864,000. (Do not round Intermediate calculations. Be sure to list the accounts in order of their liquidity.) JARROW CORP. Balance Sheet Assets 146000 Cash 165000 Accounts receivable Inventory Current assets Tangible net fixed assets Intangible net foxed assets Total assets Liabilities & Equity 222500 Accounts payable Notes payable Current liabilities Long-term debt Total liabilities Common stock Accumulated retained earnings 1240000 Total liabilities & owners' equity
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