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Requirement 1. Fill in the missing numbers from the following simple balance sheet for Jones Company. Assets Liabilities and Stockholders Equity Cash Accounts payable $10,000
Requirement
1. Fill in the missing numbers from the following simple balance sheet for Jones
Company.
Assets | Liabilities and Stockholders Equity | ||||
Cash |
| Accounts payable | $10,000 | ||
Accounts receivable | 11,000 | Long-term debt |
| ||
Plant and equipment | 70,000 | Stockholders' equity | $59,000 | ||
Total assets | $110,000 |
| Total Liabilities and stockholders' equity |
|
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