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Use your knowledge of balance sheets to fill in the missing amounts

17 / 01 / 2019 Research Papers

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Use your knowledge of balance sheets to fill in the missing amounts: ASSETS Cash $50,000 Accounts… 1 answer below » Use your knowledge of balance sheets to fill in the missing amounts: ASSETS Cash $50,000 Accounts receivable 80,000 Inventory 100,000 Total current assets ––––––– Gross plant and equipment ––––––– Less: accumulated depreciation 130,000 Net plant and equipment 600,000 Total assets ––––––– LIABILITIES Accounts payable $12,000 Notes payable 50,000 Total current liabilities ––––––– Long-term debt ––––––– Total liabilities ––––––– Common stock ($1 par, 100,000 shares) ––––––– Paid-in capital 250,000 Retained earnings 200,000 Total stockholders’ equity ––––––– Total liabilities and equity $830,000 Sep 16 2015 12:44 PM


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