Question

Given the following information, construct the firm’s balance sheet:
Cash and cash equivalents.............. $ 300,000
Accumulated depreciation on plant and equipment.... 800,000
Plant and equipment................. 5,800,000
Accrued wages.................... 400,000
Long-term debt.................... 4,200,000
Inventory...................... 6,400,000
Accounts receivable.................... 4,100,000
Preferred stock.................... 500,000
Retained earnings.................... 7,700,000
Land........................ 1,000,000
Accounts payable.................... 2,100,000
Taxes due...................... 100,000
Common stock.................... $ 10 par
Common shares outstanding.............. 150,000
Current portion of long-term debt........... $ 300,000


$1.99
Sales3
Views225
Comments0
  • CreatedMarch 19, 2015
  • Files Included
Post your question
5000