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Problem 2-4: The Carroll Corporation The Balance Sheet for the Carroll Corporation on September 1, 2009 is reproduced below: Carroll Corporation: Balance Sheet as of

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Problem 2-4: The Carroll Corporation The Balance Sheet for the Carroll Corporation on September 1, 2009 is reproduced below: Carroll Corporation: Balance Sheet as of September 1, 2009 Assets Cash Accounts Receivable8000 Inventory Prepaid Rent Equipment Total Assets 2500 11300 9000 30800 Liabilities and Owners Equity Accounts Payable Wages Payable Dividends Payable Note Payable Retained Earnings Paid in Capital Total Liabilities & OE 1370 800 600 1280 120 26630 30800

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