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Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $128,000; Patents and copyrights $630,000; Accounts payable $210,500; Accounts receivable
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $128,000; Patents and copyrights $630,000; Accounts payable $210,500; Accounts receivable $100,000; Tangible net fixed assets $1,620,000; Inventory $293,500; Notes payable $165,000; Accumu lated retained earnings $1,276,000; Long-term debt $846,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.) ROGERS CORP. Balance Sheet Liabilities and Equity Assets 210.500 e 128,000 Cash Accounts payable 165,000 Notes receivable 630,000 Notes payable Accounts receivable 375,500 100,000 Current liabilites 858,000 Accumulated retained earnings S 1,276,000 1,651,500 Total liabilities Tangible net fixed assets 1,620,000 293,500 846,000x Inventory Long-term debt Common stock 388,000 ) 2,497,500 Total assets $ 2,497,500 Total liabilities & owners' equity # % & 3 4 5 6 7 8 W E T U 0
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