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W S1-15 (similar to) Question Help Tommer Corporation ended its fiscal year on September 30, 2018, with cash of $70 million, accounts receivable of $22
W S1-15 (similar to) Question Help Tommer Corporation ended its fiscal year on September 30, 2018, with cash of $70 million, accounts receivable of $22 million, property and equipment of $33 million, and other long-term assets of $23 milion. The company's liabilities consist of accounts payable of $33 million and long-term nolos payable of $20 million. Tommer Corporation has total stockholders' equity of $05 million of this total, common stock is $25 million. Solve for the company's ending retained earnings and then prepare Tommor Corporation's balance sheet at September 30, 2018. Use a proper heading on the balance sheet 70 million Bogin by solving for the company's ending retained earnings. (Enter your answer in milions.) Tommer Corporation's ending retained earnings balance is $ Now prepare Tommer Corporation's balance sheet at September 30, 2018. Use a proper heading on the balance sheet. Start with the heading and then complete the assets section of the statement. Finally, complete the liabilities and stockholders' equity section of the statement (Enter all amounts in millions. Classify the balance shoot by selecting the proper title on all applicable subtotal or total lines. If a box is not used in the table leave the box emply, do not select a label or enter a zero.) Tommer Corporation Balance Sheet September 30, 2018 Acents fin millions milions Tommer Corporation ended its fiscal year on September 30, 2018, with cash of $70 million, accounts receivable of $22 million, property and equipment of $33 and other long-term assets of $23 million. The company's liabilities consist of accounts payable of $33 million and long-term notes payable of $20 million. Tom Corporation has total stockholders' equity of $95 million; of this total, common stock is $25 million. Solve for the company's ending retained earnings and then Tommer Corporation's balance sheet at September 30, 2018. Use a proper heading on the balance sheet. Damer TRE September 30, 2018 Assets (in millions) Current assets: ommer Corporation ended its fiscal year on September 30, 2018, with cash of $70 million, accounts receivable of $22 million, prop nd other long-term assets of $23 million. The company's liabilities consist of accounts payable of $33 million and long-term notes Sorporation has total stockholders' equity of $95 million; of this total, common stock is $25 million. Solve for the company's ending Tommer Corporation's balance sheet at September 30, 2018. Use a proper heading on the balance sheet
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