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ROUND Harriet's Hats is a retailer who buys hats from a manufacturer and then sells them in its stores. The following information includes the company's
ROUND Harriet's Hats is a retailer who buys hats from a manufacturer and then sells them in its stores. The following information includes the company's December 31, 2018 Balance Sheet and the details of transactions that occurred during 2049, Read through the entire assignment as least twice to become familiar with all of the important facts before beginning any work. Then complete each of the requirements on the following pages, using the provided templates ED $18,000 4,600 1,400 2,000 Harriet's Hats Incorporated Balance Sheet As of December 31, 20Y8 ASSETS Cash Accounts Receivable 5,000 Less: Allowance for Doubtful Accounts (400) Net Accounts Receivable Prepaid Rent Inventory Property. Plant, and Equipment 52,100 Less: Accumulated Depreciation (22.600) Net Property, Plant, and Equipment Total Assets LIABILITIES + OWNER'S EQUITY Accounts Payable Wages Payable Interest Payable Income Taxes Payable Notes Payable Total Liabilities 29,500 $55,500 $3,500 165 45 850 3,000 7,560 Common Stock Retained Earnings Total Owner's Equity Total Liabilities + Owner's Equity 21,000 26,940 47,940 $55,500 ROUND Harriet's Hats is a retailer who buys hats from a manufacturer and then sells them in its stores. The following information includes the company's December 31, 2018 Balance Sheet and the details of transactions that occurred during 2049, Read through the entire assignment as least twice to become familiar with all of the important facts before beginning any work. Then complete each of the requirements on the following pages, using the provided templates ED $18,000 4,600 1,400 2,000 Harriet's Hats Incorporated Balance Sheet As of December 31, 20Y8 ASSETS Cash Accounts Receivable 5,000 Less: Allowance for Doubtful Accounts (400) Net Accounts Receivable Prepaid Rent Inventory Property. Plant, and Equipment 52,100 Less: Accumulated Depreciation (22.600) Net Property, Plant, and Equipment Total Assets LIABILITIES + OWNER'S EQUITY Accounts Payable Wages Payable Interest Payable Income Taxes Payable Notes Payable Total Liabilities 29,500 $55,500 $3,500 165 45 850 3,000 7,560 Common Stock Retained Earnings Total Owner's Equity Total Liabilities + Owner's Equity 21,000 26,940 47,940 $55,500
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