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The bookkeeper for Geronimo Company has prepared the following balance sheet as of July 31, 2014. GERONIMO COMPANY BALANCE SHEET AS OF JULY 31, 2014
The bookkeeper for Geronimo Company has prepared the following balance sheet as of July 31, 2014.
GERONIMO COMPANY BALANCE SHEET AS OF JULY 31, 2014 | ||||||
Cash | $ 69,000 | Notes and accounts payable | $ 44,000 | |||
Accounts receivable (net) | 40,500 | Long-term liabilities | 75,000 | |||
Inventory | 60,000 | Stockholders |
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