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The following data was collected for the PackPlus, Inc packaging firm. Prepare a Balance Sheet. Cash on Hand $5,000 Accounts Payable $15,000 Accounts Receivable $18,000
The following data was collected for the PackPlus, Inc packaging firm. Prepare a Balance Sheet.
| Cash on Hand | $5,000 | |
| Accounts Payable | $15,000 | |
| Accounts Receivable | $18,000 | |
| Raw Material Inventory | $8,000 | |
| InProcess Inventory | $4,000 | |
| Finished Inventory | $7,000 | |
| Buildings and Grounds | $960,000 | |
| Machines and Furnishings | $372,500 | |
| Loans due in coming year | $5,500 | |
| Loans- Long term | $149,000 | |
| Common Stock | $50,000 | |
| Preferred Stock | $5,000 | |
| Retained Earnings | $1,150,000 | |
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The First Time Homebuyers Handbook
Authors: Dean Thompson
1st Edition
1658856112, 978-1658856119
