question archive The following items are components of a traditional balance sheet? How much are the total assets of the firm? Plant & Equipment 43100 Common Stock 15000 Cash 6500 Inventory 22500 Bad Debt Reserve 6000 Additional Paid in Capital 6000 Accumulated Debt 25600 Accounts Receivable 22000
The following items are components of a traditional balance sheet? How much are the total assets of the firm? Plant & Equipment 43100 Common Stock 15000 Cash 6500 Inventory 22500 Bad Debt Reserve 6000 Additional Paid in Capital 6000 Accumulated Debt 25600 Accounts Receivable 22000
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The following items are components of a traditional balance sheet? How much are the total assets of the firm?
Plant & Equipment 43100
Common Stock 15000
Cash 6500
Inventory 22500
Bad Debt Reserve 6000
Additional Paid in Capital 6000
Accumulated Debt 25600
Accounts Receivable 22000
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total assets of the firm=$63,000
Step-by-step explanation
| Partial balance sheet | ||
|
Assets: Cash Inventory Accounts receivable Less: bad debt reserve Plant and equipment Less; Accumulated Depreciation Total Assets |
22,500 6,000 |
6,500 22,500
16,500
17500 |
|
43,100 25,600 |
||
| 63,000 | ||
