Tuesday
March 31, 2015

Homework Help: Finance

Posted by Rose on Wednesday, March 6, 2013 at 9:27am.

P2. Use your knowledge of balance sheets to fill in the missing amounts:

Assets:
CASH - $10,000
ACCOUNTS RECEIVABLE - $100,000
INVENTORY - $------
TOTAL CURRENT ASSETS – $220,000

GROSS PLANT AND EQUIPMENT – $500,000
LESS: ACCUMULATED DEPRECIATION -$ ------
NET PLANT AND EQUIPMENT – $375,000
TOTAL ASSETS - $------

Liabilities:
ACCOUNTS PAYABLE - $12,000
NOTES PAYABLE - $50,000
TOTAL CURRENT LIABILITIES - $------
LONG-TERM DEBT - $------
TOTAL LIABILITIES - $190,000

COMMON STOCK ($1 per 100,000 shares) -$ ------
PAID-IN CAPITAL - $------
RETAINED EARNINGS - $150,000
TOTAL STOCKHOLDERS’ EQUITY - $------
TOTAL LIABILITIES AND EQUITY - $------

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Finance - Use your knowledge of balance sheets and common-size statements to ...
FINANCE - Below is a list of account balances for Currie Hospital as of ...
Acc - The comparative statements of Dillon Company are presented below. Analysis...
Finance - Trying to figure out how to do problems like these. So confused! 1. ...
Accounting - Help with Crosby Corporation? Can you please help me. I am ...
financial management - Using the following information, prepare a balance sheet ...
finance 200 - · Complete using the financial statement below to calculate the 13...
Finance 200 - How do I set this up? How do I do this? I'm not undestanding what ...
Business - Using the financial statements for the Goodyear Calendar Company, ...
business - Using the financial statements for the Goodyear Calendar Company, ...

Members