Question: Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash $137,000; Patents and copyrights = $630,000, Accounts payable = $216,000; Accounts
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash $137,000; Patents and copyrights = $630,000, Accounts payable = $216,000; Accounts receivable = $130,000; Tangible net fixed assets $1,645,000; Inventory = $298,000; Notes payable - $150,000; Accumulated retained earnings $1,258,000, Long-term debt = $855,000. (Be sure to list the accounts in order of their liquidity. Do not round Intermediate calculations.) ROGERS CORP Assets Cash Accounts receivable 216,000 00 SISI SIS Inventory 150.000 150,000 s Balance Sheet Liabilities and Equity 137.000 Accounts payable 130,000 Notes payable 298,000 Current Kabilites 7% Long-term debt Is Total liabilities S 1,645,000 630.000 Common stock Accumulated retained earnings S 855,000 1,221,000 Tangible net fixed assets Intangible not fixed assets SIS 361,000 1,258,000 Total assots S 2.840.000 Total liabilities & & owners guilty 15 2.840,000
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