KAT Productions reports the following amounts on December 31, 2024: retained earnings, $15,000; equipment, $38,000; accounts payable, $9,000; inventory, $15,000; notes payable, $20,000; common stock, $19.000; cash, $10,000. Prepare the balance sheet for KAT Productions. Equipment Intangible assets Inventory Cash Intangible assets Assets 00000 $ Answer is complete but not entirely correct. KAT Productions Balance Sheet December 31, 2024 38,000 38,000 15,000 10,000 25,000 *I*** Accounts payable Notes payable Total abilities Retained earnings Common stock Liabilities Stockholders' Equity $ 9,000 20,000 29,000 15,000 1900000
KAT Productions reports the following amounts on December 31, 2024: retained earnings, $15,000; equipment, $38,000; accounts payable, $9,000; inventory, $15,000; notes payable, $20,000; common stock, $19.000; cash, $10,000. Prepare the balance sheet for KAT Productions. Equipment Intangible assets Inventory Cash Intangible assets Assets 00000 $ Answer is complete but not entirely correct. KAT Productions Balance Sheet December 31, 2024 38,000 38,000 15,000 10,000 25,000 *I*** Accounts payable Notes payable Total abilities Retained earnings Common stock Liabilities Stockholders' Equity $ 9,000 20,000 29,000 15,000 1900000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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