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Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $140,000; Patents and copyrights = $630,000; Accounts payable = $218,000;
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $140,000; Patents and copyrights = $630,000; Accounts payable = $218,000; Accounts receivable = $107,500; Tangible net fixed assets = $1,650,000; Inventory = $299,500; Notes payable = $165,000; Accumulated retained earnings = $1,252,000; Long-term debt = $858,000.
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