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Zeta Corporation's balance sheet as of January 1, 20X76, is as follows: Account Amount Cash $430,000 Accounts Receivable $450,000 Inventory $460,000 Prepaid Expenses $255,000 Property,
Zeta Corporation's balance sheet as of January 1, 20X76, is as follows:
| Account | Amount |
|---|---|
| Cash | $430,000 |
| Accounts Receivable | $450,000 |
| Inventory | $460,000 |
| Prepaid Expenses | $255,000 |
| Property, Plant & Equipment | $2,900,000 |
| Accumulated Depreciation | $560,000 |
| Accounts Payable | $580,000 |
| Notes Payable | $1,000,000 |
| Common Stock | $1,320,000 |
| Retained Earnings | $1,760,000 |
Calculate the following:
- Total Assets
- Total Liabilities
- Total Equity
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
9th edition
9781118803035, 1118582551, 1118803035, 978-1118582558
