Question
Use the following information for the question: Comparative Balance Sheets for RYRYs Xray, Inc. are listed Below 2019 Cash 200 A/R, net 300 Inventory 500
Use the following information for the question: Comparative Balance Sheets for RYRYs Xray, Inc. are listed Below
2019
Cash 200
A/R, net 300
Inventory 500
Plant and Equipment 1000
Accum Depreciation 250
Accounts Payable 300
Common Stock 1000
Retained Earnings 450
December 31 2020
Cash 350
A/R, net 400
Inventory 650
Plant and Equipment 1050
Accum Depreciation 300
Accounts Payable 320
Common Stock 1000
Retained Earnings 830
The following data relate to 2020:
Collections from credit customers,$20,000
Collections from cash customers $1,500
Payments to suppliers for merchandise $20,000
Purchase of Equipment for cash, $50
Dividends paid to shareholders $80
No plant and equipment was sold or retired during the year
For RyRy, Total Assets for 2020 was:
$2,450
$2,750
$2,150
$1,750
None of the above
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