Question: Need help creating a balance sheet for this! 4) Prepare a 2019 balance sheet for Cornell Corp. based on the following information: a. Cash: $134,000
Need help creating a balance sheet for this!
4) Prepare a 2019 balance sheet for Cornell Corp. based on the following information: a. Cash: $134,000 b. Patents and copyrights: $670,000 (Hint: remember these are intangible fixed assets) c. Accounts payable: $210,000 d. Accounts receivable: $105,000 e. Tangible net fixed assets: $1,730,000 f. Inventory: $293,000 g. Notes payable: $160,000 h. Retained earnings: $1,453,000 i. Long term debt: $845,000 j. Common stock: $264,000
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