question archive Given the following information, construct the firm’s balance sheet: Cash and cash equivalents…………………………………………………………
Given the following information, construct the firm’s balance sheet: Cash and cash equivalents…………………………………………………………
Subject:AccountingPrice: Bought3
Given the following information, construct the firm’s balance sheet:
Cash and cash equivalents…………………………………………………………..............…..$ 300,000
Accumulated depreciation on plant and equipment……………………………………..800,000
Plant and equipment…………………………………………………………………...................$,800,000
Accrued wages…………………………………………………………………………........................400,000
Long- term debt 4,200,000 inventory…………………………………………………..........6,400,000
Accounts receivable …………………………………………………………………….................4,100,000
Preferred stock………………………………………………………………………….…...................500,000
Retained earnings………………………………………………………………………..................7,700,000
Land……………………………………………………………………………………..........................1,000,000
Accounts payable………………………………………………………………………..................2,100,000
Taxes due………………………….......................……………………………………………………..100,000
Common stock $ 10 par common
Shares outstanding……………………………….................………………………………………150,000
Current portion of long- term debt……………………….......…………………………....$ 300,000
