FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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ACCountS payabie
DOɔ,JUU
Accounts receivable
72,500
Cash
47,000
Common stock
36,000
Prepare a balance sheet. (List Current Assets in order of liquidity.
Cheyenne Corp.
Balance Sheet
December 31, 2019
Assets
24
2$
Liabilities and Stockholders' Equity
24
2$
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Transcribed Image Text:ACCountS payabie DOɔ,JUU Accounts receivable 72,500 Cash 47,000 Common stock 36,000 Prepare a balance sheet. (List Current Assets in order of liquidity. Cheyenne Corp. Balance Sheet December 31, 2019 Assets 24 2$ Liabilities and Stockholders' Equity 24 2$
Brief Exercise 1-10
In alphabetical order below are balance sheet items for Cheyenne Corp. at December 31, 2019.
Accounts payable
$83,500
Accounts receivable
72,500
Cash
47,000
Common stock
36,000
Prepare a balance sheet. (List Current Assets in order of liquidity.)
Cheyenne Corp.
Balance Sheet
December 31, 2019
Assets
$4
Liabilities and Stockholders' Equity
$4
expand button
Transcribed Image Text:Brief Exercise 1-10 In alphabetical order below are balance sheet items for Cheyenne Corp. at December 31, 2019. Accounts payable $83,500 Accounts receivable 72,500 Cash 47,000 Common stock 36,000 Prepare a balance sheet. (List Current Assets in order of liquidity.) Cheyenne Corp. Balance Sheet December 31, 2019 Assets $4 Liabilities and Stockholders' Equity $4
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