KAT Productions reports the following amounts on December 31, 2024: retained earnings, $15,000; equipment, $38,000; accounts...
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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. Total assets Assets $ KAT Productions Balance Sheet December 31, 2024 0 Total liabilities Liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity $ 0 0 0 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. Total assets Assets $ KAT Productions Balance Sheet December 31, 2024 0 Total liabilities Liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity $ 0 0 0
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KAT PRODUCTIONS Balance sheet December 31 2024 Assets Liabilities Non current assets Accounts pay... View the full answer
Related Book For
Financial Accounting
ISBN: 978-1259914898
5th edition
Authors: David Spiceland, Wayne M. Thomas, Don Herrmann
Posted Date:
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