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Prepare the balance sheet DATA SAR Depreciation expense 75,000 Cash 250,000 Long-Term Debt 450,000 Net Sales 750,000 Accounts payable 98,000 Marketing and general and administrative
Prepare the balance sheet DATA SAR
Depreciation expense 75,000
Cash 250,000
Long-Term Debt 450,000
Net Sales 750,000
Accounts payable 98,000
Marketing and general and administrative expenses 110,000
Buildings and Equipment 950,000
Notes payable 80,000
Accounts receivable 165,000
Interest expense 5,250
Accrued expenses 8,500
Common Stock 350,000
Cost of Goods sold 250,000
Inventory 105,000
Taxes 72,000
Accumulated depreciation -275,000
Prepaid expenses 16,000
Taxes payable 60,000
Retained earnings 275,000
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