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Sound Manufacturing Corporation prepared the following balance sheet as of January 1, 20X8: Cash 3; 46,666 Accounts Payable $ 56,666 Accounts Receivable 66,666 Bonds Payable

Sound Manufacturing Corporation prepared the following balance sheet as of January 1, 20X8:

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Cash 3; 46,666 Accounts Payable $ 56,666 Accounts Receivable 66,666 Bonds Payable 266,666 Inventory 186,666 Cm" Stock 166,666 Buildings 3 Equipment 566,666 Additional Paid-In Capital ?6,666 Less: Accumulated Depreciation 116,666! Retained Earnings 286,666 Total Assets $ 733,933 Total Liabilities E Equities $733,369

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