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Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $280,000; Patents and copyrights = $720,000; Accounts payable = $460,000;
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $280,000; Patents and copyrights = $720,000; Accounts payable = $460,000; Accounts receivable = $159,000; Tangible net fixed assets = $3,700,000; Inventory = $255,000; Notes payable = $180,000; Accumulated retained earnings = $1,345,000; Long-term debt = $1,930,000. What is the common stock account balance for the company? |
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