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XYZ Corporation provides the following information as of December 31, 2023: Assets Amount ($) Cash $50,000 Accounts Receivable $30,000 Inventory $70,000 Property, Plant, and Equipment
XYZ Corporation provides the following information as of December 31, 2023:
Assets | Amount ($) |
Cash | $50,000 |
Accounts Receivable | $30,000 |
Inventory | $70,000 |
Property, Plant, and Equipment | $200,000 |
Total Assets | ? |
Liabilities | Amount ($) |
Accounts Payable | $20,000 |
Notes Payable | $50,000 |
Total Liabilities | ? |
Stockholders' Equity | Amount ($) |
Common Stock | $100,000 |
Retained Earnings | $180,000 |
Total Stockholders' Equity | ? |
Prepare the balance sheet for XYZ Corporation.
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