Question
Using the following accounts, prepare a Balance Sheet Accounts receivable $ 237,000 Inventory 243,000 Accounts payable 89,000 Notes payable 169,000 Cash 95,000 sales 2,080,976 Interest
Using the following accounts, prepare a Balance Sheet
Accounts receivable $ 237,000
Inventory 243,000
Accounts payable 89,000
Notes payable 169,000
Cash 95,000
sales 2,080,976
Interest expense 19,296
Fixed assets 500,000
Accruals (accumulated) 87,000
Long Term Debt 188,000
Comon stock (common equity) 255,000
40% Taxes
Retained earnings 212,000
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
2nd Edition
0073530638, 9780073530635
