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Use your knowledge of the balance sheets to fill in the missing amounts: Assets: Cash...

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Accounting

Use your knowledge of the balance sheets to fill in the missing amounts: Assets: Cash 10,000 Accounts Receivable 100,000 Inventory ------- Total current assets 220,000 Gross Plant and equip 500,000 Less: accumulated depreciation ------- Net plant and equipment 375,000 Total Assets -------- Liabilities: Accounts payable 12,000 Notes Payable 50,000 Total current liabilities ------- Long term debt ------- Total Liabilities 190,000 Common stock (1 dollar per 100k shares) -------- Paid in capital --------- Retained earnings 150,000 Total stockholders equity --------- total liabilities and equity

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