Question: Prepare a 2017 balance sheet for Jarrow Corp. based on the following information: cash = $142,000; patents and copyrights = $630,000; accounts payable = $219,500;

Prepare a 2017 balance sheet for Jarrow Corp. based on the following information: cash = $142,000; patents and copyrights = $630,000; accounts payable = $219,500; accounts receivable = $162,500; tangible net fixed assets = $1,655,000; inventory = $300,500; notes payable = $115,000; accumulated retained earnings = $1,248,000; long-term debt = $860,000. (Do not round intermediate calculations. Be sure to list the accounts in order of their liquidity.)

JARROW CORP. Balance Sheet
Assets

Cash $ _____________

Accounts Receivable $ _____________

Inventory $_____________

Current Assets $______________

Tangiable Net Fixed Assets $______________

Intangiable Net Fixed Assets $_______________

Total Assets $ ______________

Liabilities & Equity

Accounts Payable $_______________

Notes Payable $______________

Current Liabilities $_______________

Long Term Debt $_______________

Total Liabilities $_______________

Common Stock $_______________

Accumlated Retained Earrnings $_____________

Total Liabilites & Owners Equity $ _____________

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