Make a balance sheet forthe following:Accounts receivable- 47,000Accounts Payable- 50,000Prepaid expenses- 1,000Accrued Liabilities- 12,000Net Sales- 698,000Cost of Goods Sold- 520,000Cash- 46,000Fixed assets-715,000Income taxes payable- 3,000Accumulated depreciation- 103,000Investment in stocks- 115,000Gain on sales of investments- 12,000Bobds payable-non current- 295,000Operating expenses- 150,000Common stock, P5 par- 276,00Additional paid-in capital- 189,000Retained Earnings- 140,000Net income before tax- 23,000Inventory- 144,000

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Answered: counts receivable- 47,000 counts…

counts receivable- 47,000 counts Payable- 50,000 paid expenses- 1,000 crued Liabilities- 12,000 t Sales- 698,000 st of Goods Sold- 520,000 sh- 46,000 ed assets-715,000 ome taxes pavable- 3.000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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