Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The management of Zlgby Manufacturing prepared the following estimated balance sheet for March, 2015 ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2015 Assets 59,000 Cash

image text in transcribedimage text in transcribedimage text in transcribed

The management of Zlgby Manufacturing prepared the following estimated balance sheet for March, 2015 ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2015 Assets 59,000 Cash Accounts recelvable 487.500 93,010 Raw materials Inventory Finished goods inventory 433,000 Total current assets 1,072,510 Equipment, gross 638.000 (169,000) Accumulated depreclatlon Equipment, net 469,000 Total assets 1,541,510 Liabilities and Equity 215,410 Accounts payable 31,000 Short-term notes payable Total current liabllitles 246,410 530.000 Long-term note payable Total abilties 776,410 Common stock 354,000 411100 Retained earnings Total stockholders' equity 765100 Total abilities and equity 1,541,510

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Traveling Consultants Guide To Auditing UNIX

Authors: Mark Adams

1st Edition

1105616398, 978-1105616396

More Books

Students also viewed these Accounting questions

Question

Explain the purpose of a business plan.

Answered: 1 week ago