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Show Hand written solution You are given the following information from the 2020 financial statements for The Stopperside Wardrobe Co. 2020 Sales $8,085 Accounts receivable
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You are given the following information from the 2020 financial statements for The Stopperside Wardrobe Co.
| 2020 |
Sales | $8,085 |
Accounts receivable | ?? |
Depreciation | 1,085 |
Current assets | 20,447 |
Cost of goods sold | 1,942 |
Other expenses | 515 |
Interest | 579 |
Cash | 5,000 |
Notes payable | 600 |
Long-term debt | 15,435 |
Net fixed assets | 33,291 |
Accounts payable | 4,025 |
Inventory | 9,555 |
Owners Equity | ?? |
Dividend | 1,011 |
Construct the statement of financial position for The Stopperside Wardrobe Co. for end of year 2020.
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