ezt Chapter 9-Homework -MC & Probs Accounts receivable Accounts payable Cash Com
ID: 2593229 • Letter: E
Question
ezt Chapter 9-Homework -MC & Probs Accounts receivable Accounts payable Cash Common stock Land Long-term notes payable $42,790 7.250 16,300 40,500 29,980 24,400 31,425 48,345 inventory Retained eamings ALPHA Co. Classifled Balance Sheet As of December 31, 2016 Current assets Total current assets Property, plant and equipment Total property, plant and equipment Total assets Liabilities and Stockholders Equity Current liabilities Long-term liabilities Total liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders equityExplanation / Answer
Prepare classified balance sheet :
Current assets Cash 16300 Account receivable 42790 Merchandise inventory 31425 Total current assets 90515 Property, Plant and equipment Land 29980 Total property, plant and equipment 29980 Total Assets 120495 Liabilities and stockholder's equity Current liabilities Account payable 7250 Long term liabilities Long term notes payable 24400 Total Liabilities 31650 Stockholder's equity Common stock 40500 Retained earnings 48345 Total stockholder's equity 88845 Total liabilities and stockholder's equity 120495Related Questions
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