Use the following information for Company A to produce a Balance Sheet for 2020 and 2021, 2020
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Question:
Use the following information for Company A to produce a Balance Sheet for 2020 and 2021,
2020 | 2021 | |
Accumulated Depreciation as of Dec 31st | 2500 | 3000 |
Cash as of Dec 31st | 300 | 800 |
Accounts Receivable as of Dec 31st | 250 | 310 |
Short-term Notes Payable as of Dec 31st | 450 | 317 |
Long-term Debt as of Dec 31st | 1800 | 2000 |
Total Gross Fixed Assets as of Dec 31st | 8000 | 8000 |
Accounts Payable as of Dec 31st | 500 | 300 |
Inventory as of Dec 31st | 600 | 640 |
Accumulated Retained Earnings | You should find it, given that this is the only account under Equity. |
Related Book For
Intermediate Accounting
ISBN: 978-1260481952
10th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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