Question: GL1201 - Based on Exercise 12-11 LO P2, P3, A1 Use the following financial statements and additional information STREAMLINE INC Comparative Balance Sheets June 30,

 GL1201 - Based on Exercise 12-11 LO P2, P3, A1 Use

GL1201 - Based on Exercise 12-11 LO P2, P3, A1 Use the following financial statements and additional information STREAMLINE INC Comparative Balance Sheets June 30, 2019 and 2018 Assets Cash 2019 2018 Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities $100, 200 73,000 63,000 4,900 241,100 147,000 $ 44,100 57,00 88,000 6.100 195, 200 (36,000) $352,100 136,00 12,000) $319,200 $ 26,000 Coron stock, 35 par value Retained earnings Total liabilities and equity 7,000 .700 37,700 33.000 70,700 $ 32,000 17,000 5,200 $4,200 65,000 119,200 170,000 30,000 3319,200 240,000 $352,100 Cart of STREAMLINE IN Income statement For Year Ended June sold Operatino 2019 $772.000 472.000 566.000 Additional information GL1201 - Based on Exercise 12-11 LO P2, P3, A1 Use the following financial statements and additional information STREAMLINE INC Comparative Balance Sheets June 30, 2019 and 2018 Assets Cash 2019 2018 Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities $100, 200 73,000 63,000 4,900 241,100 147,000 $ 44,100 57,00 88,000 6.100 195, 200 (36,000) $352,100 136,00 12,000) $319,200 $ 26,000 Coron stock, 35 par value Retained earnings Total liabilities and equity 7,000 .700 37,700 33.000 70,700 $ 32,000 17,000 5,200 $4,200 65,000 119,200 170,000 30,000 3319,200 240,000 $352,100 Cart of STREAMLINE IN Income statement For Year Ended June sold Operatino 2019 $772.000 472.000 566.000 Additional information

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