Construct a balance sheet using the following information: Gross fixed assets $75,000 Cash $10,000 Other assets $15,000 Accounts payable $40,000 Retained earnings $15,000 Accumulated depreciation $20,000 Accounts receivable $50,000 Long-term note $5,000 Mortgage $20,000 Common stock $100,000 Inventory $70,000 Short-term notes $20,000 what is this ?
Construct a balance sheet using the following information: Gross fixed assets $75,000 Cash $10,000 Other assets $15,000 Accounts payable $40,000 Retained earnings $15,000 Accumulated depreciation $20,000 Accounts receivable $50,000 Long-term note $5,000 Mortgage $20,000 Common stock $100,000 Inventory $70,000 Short-term notes $20,000 what is this ?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Construct a
|
Gross fixed assets |
$75,000 |
|
Cash |
$10,000 |
|
Other assets |
$15,000 |
|
Accounts payable |
$40,000 |
|
|
$15,000 |
|
|
$20,000 |
|
|
$50,000 |
|
Long-term note |
$5,000 |
|
Mortgage |
$20,000 |
|
Common stock |
$100,000 |
|
Inventory |
$70,000 |
|
Short-term notes |
$20,000 |
what is this ?
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