Cash Accounts receivable (net) Inventories Prepaid expenses Equipment.. Accumulated depreciation-equipment Total assets Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Mortgage note payable.. Common stock, $10 par... Paid-in capital in excess of par-common stock Retained earnings.... otal liabilities and stockholders' equity... 260,000 520,000 15,000 1,130,000 (235,000) $1,785,000 $ 100,000 0 500,000 400,000 785,000 $1,785,000 10,000 280,000 450,000 5,000 800,000 (190,000) $1,455,000 $ 75,000 500,000 200,000 100,000 580,000 $1,455,000

Cash Accounts receivable (net) Inventories Prepaid expenses Equipment.. Accumulated depreciation-equipment Total assets Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Mortgage note payable.. Common stock, $10 par... Paid-in capital in excess of par-common stock Retained earnings.... otal liabilities and stockholders' equity... 260,000 520,000 15,000 1,130,000 (235,000) $1,785,000 $ 100,000 0 500,000 400,000 785,000 $1,785,000 10,000 280,000 450,000 5,000 800,000 (190,000) $1,455,000 $ 75,000 500,000 200,000 100,000 580,000 $1,455,000

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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