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Use Excel Functions Please An office party on New Years Eve overflowed into the accounting department of your corporation, causing ink to be spilled onto
Use Excel Functions Please
An office party on New Years Eve overflowed into the accounting department of your corporation, causing ink to be spilled onto a balance sheet. The accountants are furious, especially because they are never invited to the parties. Can you help them by supplying the missing numbers?
Year 2 | Year 1 | Change | |
---|---|---|---|
Assets | |||
Cash and securities | $ 512 | $ 453 | $_______ |
Accounts receivable | $ 1,325 | $_______ | $ +104 |
Inventory | $_______ | $ 8,386 | $_______ |
Total Current Assets | $_______ | $_______ | $ +300 |
Equipment | $_______ | $ 33,929 | $ +8,010 |
Less: Accumulated depreciation | $ 12,657 | $_______ | $ +1,362 |
Net equipment | $_______ | $_______ | $_______ |
Buildings | $ 95,129 | $_______ | $ 0 |
Less: Accumulated depreciation | $_______ | $ 51,237 | $ +2,251 |
Net buildings | $_______ | $_______ | $_______ |
Land | $ 73,012 | $_______ | $ 0 |
Fixed Assets | $_______ | $_______ | $_______ |
Total Assets | $_______ | $_______ | $_______ |
Liabilities and Equity | |||
Accounts payable | $_______ | $ 1,423 | $ +76 |
Bank loans | $ 3,664 | $_______ | $ 32 |
Debt due within year | $ 1,483 | $ 1,327 | $_______ |
Total Current Liabilities | $_______ | $_______ | $_______ |
Total Long-Term Debt | $_______ | $_______ | $_______ |
Common stock ($.10 par) | $ 1,500 | $ 1,500 | $_______ |
Paid-in-surplus | $ 45,546 | $_______ | $ 0 |
Retained earnings | $_______ | $_______ | $_______ |
Total Equity | 103,323 | $102,876 | $_______ |
Total Liabilities and Equity | $_______ | $_______ | $_______ |
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