Prepare a balance sheet for Alaskan Peach Corporation as of December 31, 2022, based on the following information: cash = $207,000; patents and copyrights = $861,000; accounts payable = $282,000; accounts receivable $267,000; tangible net fixed assets $5,240,000; inventory = $552,000; notes payable $175,000; accumulated retained earnings $4,726,000; long-term debt- $1,110,000. Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Balance Sheet Assets Current assets Total assets Liabilities Current liabilities Prev 8 of 10 Next
Prepare a balance sheet for Alaskan Peach Corporation as of December 31, 2022, based on the following information: cash = $207,000; patents and copyrights = $861,000; accounts payable = $282,000; accounts receivable $267,000; tangible net fixed assets $5,240,000; inventory = $552,000; notes payable $175,000; accumulated retained earnings $4,726,000; long-term debt- $1,110,000. Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Balance Sheet Assets Current assets Total assets Liabilities Current liabilities Prev 8 of 10 Next
Prepare a balance sheet for Alaskan Peach Corporation as of December 31, 2022, based on the following information: cash = $207,000; patents and copyrights = $861,000; accounts payable = $282,000; accounts receivable $267,000; tangible net fixed assets $5,240,000; inventory = $552,000; notes payable $175,000; accumulated retained earnings $4,726,000; long-term debt- $1,110,000. Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Balance Sheet Assets Current assets Total assets Liabilities Current liabilities Prev 8 of 10 Next
Transcribed Image Text:Prepare a balance sheet for Alaskan Peach Corporation as of December 31, 2022, based on the following information: cash =
$207,000; patents and copyrights = $861,000; accounts payable = $282,000; accounts receivable $267,000; tangible net fixed
assets $5,240,000; inventory = $552,000; notes payable $175,000; accumulated retained earnings $4,726,000; long-term debt-
$1,110,000.
Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.
Balance Sheet
Assets
Current assets
Total assets
Liabilities
Current liabilities
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Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.
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