Prepare a balance sheet for Alaskan Peach Corporation as of December 31, 2022, based on the following information: cash = $199,000; patents and copyrights = $853,000; accounts payable = $290,000; accounts receivable = $259,000; tangible net fixed assets = $5,160,000; inventory = $544,000; notes payable = $183,000; accumulated retained earnings = $4,646,000; long-term debt = $1,190,000. Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Cash Accounts receivable Inventory Current assets Intangible net fixed assets Tangible net fixed assets Total assets Accounts payable Notes payable Balance Sheet Assets Current liabilities Long-term debt Liabilities Total liabilities Accumulated retained earnings Common stock Total liabilities & owners' equity $ 199,000 259,000 544,000

Prepare a balance sheet for Alaskan Peach Corporation as of December 31, 2022, based on the following information: cash = $199,000; patents and copyrights = $853,000; accounts payable = $290,000; accounts receivable = $259,000; tangible net fixed assets = $5,160,000; inventory = $544,000; notes payable = $183,000; accumulated retained earnings = $4,646,000; long-term debt = $1,190,000. Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Cash Accounts receivable Inventory Current assets Intangible net fixed assets Tangible net fixed assets Total assets Accounts payable Notes payable Balance Sheet Assets Current liabilities Long-term debt Liabilities Total liabilities Accumulated retained earnings Common stock Total liabilities & owners' equity $ 199,000 259,000 544,000

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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vv. Subject Finance
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Subject: acounting
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Am. 359.
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