Question
The VASCO Engineering Company just completed their fiscal year and are preparing their financial statements. Use the following information to create a Balance Sheet for
The VASCO Engineering Company just completed their fiscal year and are preparing their financial statements. Use the following information to create a Balance Sheet for the VASCO.
Accounts payable 220$
Account receivable 450
Accruals 55
Accumulated 265
Building 225
Cash 215
Common Stock (at par) 90
Cost of goods sold 2500
Depreciation Expense 45
Equipment 140
Furniture and Fixtures 170
General Expenses 320
Inventories 375
Land 100
Long term debts 420
Machinery 420
Marketable Securities 75
Notes payable 475
Paid in capital in excess of par 360
preferred stock 100
retained earnings 210
Sales Revenue 3600
vehicles 25
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