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Jamukha Corporation prepares annual financial statements. The balance sheet at December 31, 2016, is presented...

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Accounting

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Jamukha Corporation prepares annual financial statements. The balance sheet at December 31, 2016, is presented below. Jamukha Corporation Balance Sheet December 31, 2016 Assets Liabilities and Stockholders' Equity Cash Accounts receivable Allowance for doubtful accounts Inventory Prepaid insurance Equipment 16,700 31,000 Accounts payable Common stock ($1 par) Paid-in capital in excess of par-Common 43,900 10,000 (350) stock 90,000 51,050 44,000 Retained earnings 3,600 8 210,000 A/D - Equipment (110,000) 194,950 194,950 Jamukha Corporation prepares annual financial statements. The balance sheet at December 31, 2016, is presented below. Jamukha Corporation Balance Sheet December 31, 2016 Assets Liabilities and Stockholders' Equity Cash Accounts receivable Allowance for doubtful accounts Inventory Prepaid insurance Equipment 16,700 31,000 Accounts payable Common stock ($1 par) Paid-in capital in excess of par-Common 43,900 10,000 (350) stock 90,000 51,050 44,000 Retained earnings 3,600 8 210,000 A/D - Equipment (110,000) 194,950 194,950

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