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Using the following balance sheet accounts, complete the balance sheet below. Balance Sheet Accounts Investments $2,300,000 Paid in Capital $3,000,000 Other Current Liabilities 1,600,000 Accumulated
- Using the following balance sheet accounts, complete the balance sheet below.
Balance Sheet Accounts | |||
Investments | $2,300,000 | Paid in Capital | $3,000,000 |
Other Current Liabilities | 1,600,000 | Accumulated Depreciation | 1,200,000 |
Building | 3,000,000 | Inventories | 400,000 |
Accounts Payable | 1,500,000 | Common Stock | 800,000 |
Long-Term Debt | 1,800,000 | Retained Earnings | 1,000,000 |
Cash | 600,000 | Land | 2,200,000 |
Furnishings and Equipment | 1,700,000 | Net Receivables | 2,300,000 |
Notes Payable | 300,000 | Other Assets | 100,000 |
Marketable Securities | 900,000 | ||
COMPANY NAME Balance Sheet December 31, 2021 | |||
ASSETS | LIABILITIES AND OWNERS' EQUITY | ||
Current Assets | Current Liabilities | ||
Total Current Liabilities | |||
Total Current Assets | |||
Long-Term Liabilities | |||
Total Liabilities | |||
Property and Equipment | |||
Owners' Equity | |||
Net Property and Equipment | |||
Total Owners' Equity | |||
TOTAL ASSETS | TOTAL LIABILITIES AND OWNERS' EQUITY |
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