A certain company has $14,000 in amounts owed to them by their customers. The company owes...
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A certain company has $14,000 in amounts owed to them by their customers. The company owes $20,000 in amounts to its suppliers. The company has $52,000 in working capital. The company has $33,000 in inventory and also $22,000 in long-term debt. Cash is $25,000. The company's fixed assets have a book value of $100,000, net of depreciation, and a market value of $130,000, net of depreciation. Its common stock is $60,000. Prepare a balance sheet for this company. Be sure to use correct balance sheet format. Show all your work. ● A certain company has $14,000 in amounts owed to them by their customers. The company owes $20,000 in amounts to its suppliers. The company has $52,000 in working capital. The company has $33,000 in inventory and also $22,000 in long-term debt. Cash is $25,000. The company's fixed assets have a book value of $100,000, net of depreciation, and a market value of $130,000, net of depreciation. Its common stock is $60,000. Prepare a balance sheet for this company. Be sure to use correct balance sheet format. Show all your work. ●
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Balance Sheet of the Company Assets Cash 25000 Accounts Receivable 14000 Inventor... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0071339476
Volume 1, 6th Edition
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
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