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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
- 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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