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Use the following information from the balance sheet of Raineer Plumbing to determine the missing amounts Cash and cash equivalents Retained earnings Inventory Total current
Use the following information from the balance sheet of Raineer Plumbing to determine the missing amounts Cash and cash equivalents Retained earnings Inventory Total current assets Common stock $ 59,000 2 180,000 330,000 Accounts payable Accounts receivable: Notes payable (due in 2 years) Property, plant and equipment (net) Total assets Inventory Property, plant, and equipment (net) Retained earnings $51,000 139,000 69,000 590,000
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