This paper circulates around the core theme of Use your knowledge of balance sheets to fill in the missing amounts together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
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