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Presented here are the financial statements of Vaughn Company. VAUGHN COMPANY Comparative Balance Sheets December 31 Assets 2022 2021 Cash $36,400 $20,600 Accounts receivable 33,000 18,700 Inventory 29,700 20,000 Property, plant, and equipment 59,800 77,000 Accumulated depreciation (29,700) (23,500) Total $129,200 $112,800 Liabilities and Stockholders' Equity Accounts payable $29,000 $ 16,200 Income taxes payable 7,500 8,300 Bonds payable 27,400 33,000 Common stock 18,600 14,300 Retained earnings 46,700 41,000 Total $129,200 $112,800

Presented here are the financial statements of Vaughn Company. VAUGHN COMPANY Comparative Balance Sheets December 31 Assets 2022 2021 Cash $36,400 $20,600 Accounts receivable 33,000 18,700 Inventory 29,700 20,000 Property, plant, and equipment 59,800 77,000 Accumulated depreciation (29,700) (23,500) Total $129,200 $112,800 Liabilities and Stockholders' Equity Accounts payable $29,000 $ 16,200 Income taxes payable 7,500 8,300 Bonds payable 27,400 33,000 Common stock 18,600 14,300 Retained earnings 46,700 41,000 Total $129,200 $112,800

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Presented here are the financial statements of Vaughn Company. VAUGHN COMPANY Comparative Balance Sheets December 31 Assets 2022 2021 Cash $36,400 $20,600 Accounts receivable 33,000 18,700 Inventory 29,700 20,000 Property, plant, and equipment 59,800 77,000 Accumulated depreciation (29,700) (23,500) Total $129,200 $112,800 Liabilities and Stockholders' Equity Accounts payable $29,000 $ 16,200 Income taxes payable 7,500 8,300 Bonds payable 27,400 33,000 Common stock 18,600 14,300 Retained earnings 46,700 41,000 Total $129,200 $112,800
Transcribed Image Text:Presented here are the financial statements of Vaughn Company. VAUGHN COMPANY Comparative Balance Sheets December 31 Assets 2022 2021 Cash $36,400 $20,600 Accounts receivable 33,000 18,700 Inventory 29,700 20,000 Property, plant, and equipment 59,800 77,000 Accumulated depreciation (29,700) (23,500) Total $129,200 $112,800 Liabilities and Stockholders' Equity Accounts payable $29,000 $ 16,200 Income taxes payable 7,500 8,300 Bonds payable 27,400 33,000 Common stock 18,600 14,300 Retained earnings 46,700 41,000 Total $129,200 $112,800
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