Prepare a balance sheet for Alaskan Peach Corporation as of December 31, 2022, based on the...

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Prepare a balance sheet for Alaskan Peach Corporation as of December 31, 2022, based on the following information: cash = $206,000; patents and copyrights = $860,000; accounts payable = $283,000; accounts receivable = $266,000; tangible net fixed assets = $5,230,000; inventory = $551,000; notes payable = $176,000; accumulated retained earnings = $4,716,000; long-term debt = $1,120,000. Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Current assets Intangible net fixed assets Total assets Current liabilities Balance Sheet Assets Total liabilities Liabilities Total liabilities & owners' equity $ 860,000 7,113,000 Prepare a balance sheet for Alaskan Peach Corporation as of December 31, 2022, based on the following information: cash = $206,000; patents and copyrights = $860,000; accounts payable = $283,000; accounts receivable = $266,000; tangible net fixed assets = $5,230,000; inventory = $551,000; notes payable = $176,000; accumulated retained earnings = $4,716,000; long-term debt = $1,120,000. Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Current assets Intangible net fixed assets Total assets Current liabilities Balance Sheet Assets Total liabilities Liabilities Total liabilities & owners' equity $ 860,000 7,113,000

Answer rating: 100% (QA)

SOLUTION Based on the given information we can prepare the balance sheet for Alaskan Peach Co... View the full answer