Old_Guy
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« Reply #1 on: July 22, 2011, 05:22:49 PM » |
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XYZ Corporation Balance Sheet December 31, 2010
Assets Cash..........................$15,480 Accounts Receivable.....28,450 Inventory.....................147,830 Fixed Assets..............192,160
Total Assets $383,920
Liabilities Accounts Payable......$23,720 Dividends Payable.... ..10,000 ST Notes Payable..... .90,000 LT Mortgage Payable .36,800
Total Liabilities 160,520
Stockholders' Equity Preferred Stock....... ...50,000 Common Stock...........75,000 Retained Earnings.......98,400 Total SE 223,400
Total Liab and SE $383,920
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