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Use your knowledge of the balance sheets to fill in the missing amounts: Assets: Cash 50,000 Accounts Receivable 80,000 Inventory 100k Total current assets -------
Use your knowledge of the balance sheets to fill in the missing amounts: Assets: Cash 50,000 Accounts Receivable 80,000 Inventory 100k Total current assets ------- Gross Plant and equip ------- Less: accumulated depreciation 130k Net plant and equipment 600k Total Assets -------- Liabilities: Accounts payable 12,000 Notes Payable 50,000 Total current liabilities ------- Long term debt ------- Total Liabilities ------- Common stock (1 dollar per 100k shares) -------- Paid in capital 250k Retained earnings 200k Total stockholders equity --------- total liabilities and equity 830k
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