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borteleto borteleto
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6 years ago
Prepare a balance sheet using the information given below. Make sure to identify current assets, net fixed assets, total assets, current liabilities, long-term debt, total equity, and total liabilities and equity.

Gross fixed assets$40,000
Cash$18,000
Other assets$5,000
Accumulated depreciation$30,000
Common stock$43,000
Short-term notes payable$12,000
Accounts payable$35,000
Inventories$122,000
Retained earnings$100,000
Accounts receivable$60,000
Long-term notes payable$10,000
Long-term bonds payable$15,000
Sales$300,000
Cost of goods sold$150,000
Depreciation expense$3,000
Textbook 
Foundations of Finance

Foundations of Finance


Edition: 9th
Authors:
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DeanaRayDeanaRay
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6 years ago
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borteleto Author
wrote...
#2
6 years ago
Ready for finals now Monkey
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#3
6 years ago
Good luck my friend!
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