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XYZ Corp borrows $90 at the end of the current period. It must by paid back with interest in 5 years. XYZ Corp's balance sheet
XYZ Corp borrows $90 at the end of the current period. It must by paid back with interest in 5 years. XYZ Corp's balance sheet at the beginning of this period is shown below. Change all the numbers (if any) on the balance sheet to show the effect of borrowing the $90 on the balance sheet at the end of this period. Cash 100 Accounts Payable 25 Accounts Receivable 30 Other Current Liabilities 35 40 Long-Term Debt 450 Inventory Equipment: Original Cost 1000 Equipment: Depreciation 500 50 Paid-In Capital Retained Earnings 110
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