Compute for the Statement of Financial Position for 2X20 and 2X21 Jerry Corporationthe account balances of Jerry Corporation for 2X20 and 2X21.12/31/2X20 12/31/2X21P2,674,0002,060,000Accumulated depreciationP2,019,0001,809,000Accounts payableAccounts receivableCash2,487,0001,303,0004,998,0005,807,0007,790,0008,393,0001,374,0002,688,0001,162,0004,998,0006,029,000Common stockInventory8,200,000Long-term debtProperty, plant, and equipmentRetained earnings9,200,0001,147,000

The financial position of a company can be shown through the balances of assets, liabilities and…

the account balances of Jerry Corporation for 2X20 and 2X21. 12/31/2X20 12/31/2X21 P2,019,000 1,809,000 2,487,000 1,303,000 4,998,000 5,807,000 7,790,000 8,393,000 Accumulated depreciation Accounts payable P2,674,000 2,060,000 2,688,000 1,162,000 4,998,000 6,029,000 8,200,000 9,200,000 Accounts receivable Cash Common stock Inventory Long term debt Property, plant, and equipment Retained earnings 1,374,000 1,147,000

the account balances of Jerry Corporation for 2X20 and 2X21. 12/31/2X20 12/31/2X21 P2,019,000 1,809,000 2,487,000 1,303,000 4,998,000 5,807,000 7,790,000 8,393,000 Accumulated depreciation Accounts payable P2,674,000 2,060,000 2,688,000 1,162,000 4,998,000 6,029,000 8,200,000 9,200,000 Accounts receivable Cash Common stock Inventory Long term debt Property, plant, and equipment Retained earnings 1,374,000 1,147,000

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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