Question: Show Hand written solution You are given the following information from the 2020 financial statements for The Stopperside Wardrobe Co. 2020 Sales $8,085 Accounts receivable

Show Hand written solution

You are given the following information from the 2020 financial statements for The Stopperside Wardrobe Co.

2020

Sales

$8,085

Accounts receivable

??

Depreciation

1,085

Current assets

20,447

Cost of goods sold

1,942

Other expenses

515

Interest

579

Cash

5,000

Notes payable

600

Long-term debt

15,435

Net fixed assets

33,291

Accounts payable

4,025

Inventory

9,555

Owners Equity

??

Dividend

1,011

Construct the statement of financial position for The Stopperside Wardrobe Co. for end of year 2020.

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