IThe following information applies to the questions displayed below] The management of Zigby Manufacturing prepared...
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IThe following information applies to the questions displayed below] The management of Zigby Manufacturing prepared the following estimated balance sheet for March, 2015: ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2015 Assets Cash Accounts receivable Raw materials inventory Finished goods inventory $ 58,000 484.640 91.290 393,304 Total current assets Equipment, gross Accumulated depreciation 1027.234 636,000 (168.000) Equipment, net 468,000 Total assets $1495.234 Liabilities and Equity Accounts payable Short-term notes payable 206.390 30.000 Total current liablities Long-term note payable $ 236.390 525.000 Total liabilities Common stock Retained earnings 761.390 353.000 380.844 Total stockholderd equity 733.844 Total liabilities and equity $ 1495.234
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