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Use the following information from the balance sheet of Raineer Plumbing to determine the missing amounts. Cash and cash equivalents $ 43,000 Accounts payable $
Use the following information from the balance sheet of Raineer Plumbing to determine the missing amounts.
| Cash and cash equivalents | $ | 43,000 | Accounts payable | $ | 35,000 | ||
| Retained earnings | ? | Accounts receivable | 123,000 | ||||
| Inventory | ? | Notes payable (due in 2 years) | 53,000 | ||||
| Common stock | 130,000 | Property, plant and equipment (net) | ? | ||||
| Total current assets | 250,000 | Total assets | 430,000 | ||||
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Accounting And Auditing Research Tools And Strategies
Authors: Thomas R. Weirich, Thomas C. Pearson, Natalie Tatiana Churyk
7th Edition
9780470506974
