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q3) 2. List the liabilities the company had on January 31, 2010 Use the balance sheet for Mike's Football Gear, Inc., at January 31, 2010,
q3)
2. List the liabilities the company had on January 31, 2010
Use the balance sheet for Mike's Football Gear, Inc., at January 31, 2010, to answer the following questions: EEB (Click the icon to view the items on the balance sheet.) 1. List the assets the company had on January 31, 2010. Who has claim to these assets? 2. List the liabilities the company had on January 31, 2010 1. List the assets the company had on January 31, 2010. Who has claim to these assets? Begin by selecting the assets the company had on January 31, 2010. (Leave unused cells blank.) Data Table Mike's Football Gear, Inc. Balance Sheet January 31, 2010 Assets Liabilities and Shareholder's equity Cash Short-term investments Accounts receivable Inventory Prepaid insurance Prepaid rent Equipment (net) 7,150 Accounts payable 4,400 900 Notes payable 275 520 325 900 Contributed capital 11,570 3,600 3,000 $ 22,570 Who has claim to these assets? 12,500 Retained earnings 22,570 The have claims to $6,600 of the assets have claim to $15,970 of the assetsStep by Step Solution
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