Please solve this balance sheet question . Prepare a balance sheet reflecting the figures...
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Accounting
Please solve this balance sheet question .
Prepare a balance sheet reflecting the figures below and comment on its current ratio and debt ratio as financial control. Long term note payable $85000 Account receivable $179225 Accrued wages/salaries payable $38150 Land $59150 Mortgage $127150 Prepaid expenses $8450 Notes payable $83920 Accumulated depreciation on furniture $1000 Buildings $74650 Allowance for doubtful accounts $6000 Accrued taxes payable $50820 Accrued interest payable $42380 Furniture and fixtures $10295 Equipments$22375 Inventory $455455 Account payable $152580 Accumulated depreciation on buildings $7050 Cash $49855 Accumulated Share capital $267655 depreciation on equipments $1250 Goodwill $3500
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