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Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $144,000; Patents and copyrights $630,000; Accounts payable $221,000; Accounts receivable
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $144,000; Patents and copyrights $630,000; Accounts payable $221,000; Accounts receivable $110,000; Tangible net fixed assets = $1,660,000; Inventory = $301,500; Notes payable = $125,000; Accumulated retained earnings = $1,244,000; Long-term debt $862,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.) ROGERS CORP. Balance Sheet Liabilities and Equity Assets $ Cash 144,000 Accounts payable 221,000 Accounts receivable Notes payable 10,000 125,000 301,500 Inventory Current liabilites Current assets 1660000 Long-term debt $ 862,000 Total liabilities $ 630,000 Tangible net fixed assets
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