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The following details pertain to Horizon Technologies as of August 31, 2024. Prepare the statement of financial position: Cash: 20,000 Accounts Receivable: 40,000 Inventory: 60,000

  1. The following details pertain to Horizon Technologies as of August 31, 2024. Prepare the statement of financial position:
  • Cash: ₹20,000
  • Accounts Receivable: ₹40,000
  • Inventory: ₹60,000
  • Property, Plant, and Equipment: ₹140,000
  • Accounts Payable: ₹30,000
  • Long-term Debt: ₹100,000
  • Common Stock: ₹50,000
  • Retained Earnings: ₹80,000

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