Take me to the text The balance sheet and income statement for Mary Hotels are presented below. Mary Hotels Balance Sheet As at December 31 2020 2019 T Assets Current Assets Cash $127,680 $77,700 Accounts Receivable $46,100 $30,600 Inventory $75,800 $46,300 Total Current Assets $249,580 $154,600 Land $96,000 $105,000 0 Equipment $94,000 $132,000 Accumulated Depreciation $-52,000 $-64,000 Total Assets Liabilities and Equity Liabilities Current Liabilities $387,580 $327,600
Take me to the text The balance sheet and income statement for Mary Hotels are presented below. Mary Hotels Balance Sheet As at December 31 2020 2019 T Assets Current Assets Cash $127,680 $77,700 Accounts Receivable $46,100 $30,600 Inventory $75,800 $46,300 Total Current Assets $249,580 $154,600 Land $96,000 $105,000 0 Equipment $94,000 $132,000 Accumulated Depreciation $-52,000 $-64,000 Total Assets Liabilities and Equity Liabilities Current Liabilities $387,580 $327,600
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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The balance sheet and income statement for Mary Hotels are presented below.
Mary Hotels
Balance Sheet
As at December 31
2020
2019
T
Assets
Current Assets
Cash
$127,680 $77,700
Accounts Receivable
$46,100 $30,600
Inventory
$75,800 $46,300
Total Current Assets
$249,580 $154,600
Land
$96,000 $105,000
0
Equipment
$94,000 $132,000
Accumulated Depreciation $-52,000 $-64,000
Total Assets
Liabilities and Equity
Liabilities
Current Liabilities
$387,580 $327,600"
Transcribed Image Text:Take me to the text
The balance sheet and income statement for Mary Hotels are presented below.
Mary Hotels
Balance Sheet
As at December 31
2020
2019
T
Assets
Current Assets
Cash
$127,680 $77,700
Accounts Receivable
$46,100 $30,600
Inventory
$75,800 $46,300
Total Current Assets
$249,580 $154,600
Land
$96,000 $105,000
0
Equipment
$94,000 $132,000
Accumulated Depreciation $-52,000 $-64,000
Total Assets
Liabilities and Equity
Liabilities
Current Liabilities
$387,580 $327,600
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