17. Complete the following balance sheet. Cash $30,000 Accounts Receivable $2,000 Inventory $5,000 Fixed Assets $20,000 Total Assets Accounts Payable $6,000 Short-term debt $5,000 Long-term debt $4,000 Stockholders' equity $42,000 Total liabilities and equity
17. Complete the following balance sheet. Cash $30,000 Accounts Receivable $2,000 Inventory $5,000 Fixed Assets $20,000 Total Assets Accounts Payable $6,000 Short-term debt $5,000 Long-term debt $4,000 Stockholders' equity $42,000 Total liabilities and equity
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![17. Complete the following balance sheet.
Cash $30,000
Accounts Receivable $2,000
Inventory $5,000
Fixed Assets $20,000
Total Assets Accounts
Payable S6,000
Short-term debt $5,000
Long-term debt $4,000
Stockholders' equity $42,000
Total liabilities and equity](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F01fb319d-f364-4590-ab45-48289dbd6af0%2F77dad088-4e9a-45d3-9210-36a49221d8fc%2Ftpz191n_processed.jpeg&w=3840&q=75)
Transcribed Image Text:17. Complete the following balance sheet.
Cash $30,000
Accounts Receivable $2,000
Inventory $5,000
Fixed Assets $20,000
Total Assets Accounts
Payable S6,000
Short-term debt $5,000
Long-term debt $4,000
Stockholders' equity $42,000
Total liabilities and equity
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