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Use the information below for the Michigan Auto Corporation (MAC) to answer the following questions Balance Sheet Accounts of Michigan Auto Corporation (MAC) Corporation Account
Use the information below for the Michigan Auto Corporation (MAC) to answer the following questions Balance Sheet Accounts of Michigan Auto Corporation (MAC) Corporation Account Balance 12/31/2017 Accumulated depreciation $7,650 Accounts payable $6,875 Accounts receivable $8,000 Cash $3,750 Common stock $15,625 Inventory $11,250 Long-Term debit $17,750 Plant, property, and equipment $37,000 Retained earnings $12, 100 O A. $11,740 OB. $11,090 OC 27.725 OD. $16.625
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