find the total assets, Current Liabilities, Total liabilities, Common Stock, and Total liabilities and owner's equity. 

For 2020 balance sheet for Jarrow Corp based on the following information:

cash = 144,000

patents and copyrights = 630,000

accounts payable = 221,000

accounts receivable = 110,000

tangible net fixed assets = 1,660,000

inventory = 301,500

notes payable = 125,000

accumulated retained earnings = 1,244,000

long-term debt = 862,000

Transcribed Image Text:

Assets Cash Accounts receivable Inventory Current assets 144,000 110,000 301,500 555,500 Tangible net fixed assets 1,660,000 Intangible net fixed assets 630,000 Total assets Accounts payable Notes payable Current liabilities Long-term debt Total liabilities Liabilities and Equity 221,000 125,000 862,000 common stock accumulated retained earnings 1,244,000 Total liabilities & owners' equity Prepare a 2020 balance sheet for Jarrow Corp. based on the following information: cash = $144,000; patents and copyrights = $630,000; accounts payable = $221,000; accounts receivable = $110,000; tangible net fixed assets = $1,660,000; inventory = $301,500; notes payable = $125,000; accumulated retained earnings = $1,244,000; long-term debt = $862,000. (Do not round intermediate calculations. Be sure to list the accounts in order of their liquidity.) Total liabilities and owner' equity = CL+LTC +Common Stock + Retained earnings Assets Cash Accounts receivable Inventory Current assets 144,000 110,000 301,500 555,500 Tangible net fixed assets 1,660,000 Intangible net fixed assets 630,000 Total assets Accounts payable Notes payable Current liabilities Long-term debt Total liabilities Liabilities and Equity 221,000 125,000 862,000 common stock accumulated retained earnings 1,244,000 Total liabilities & owners' equity Prepare a 2020 balance sheet for Jarrow Corp. based on the following information: cash = $144,000; patents and copyrights = $630,000; accounts payable = $221,000; accounts receivable = $110,000; tangible net fixed assets = $1,660,000; inventory = $301,500; notes payable = $125,000; accumulated retained earnings = $1,244,000; long-term debt = $862,000. (Do not round intermediate calculations. Be sure to list the accounts in order of their liquidity.) Total liabilities and owner' equity = CL+LTC +Common Stock + Retained earnings

Answer rating: 100% (QA)

The balance sheet The balance sheet shows the financial position of the company at a point in time The balance sheet has total assets on one side and ... View the full answer