Lettuce Corp Balance Sheet As at December 31, 2019 Current Assets Liabilities Cash $ 15,000...
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Lettuce Corp Balance Sheet As at December 31, 2019 Current Assets Liabilities Cash $ 15,000 Accounts payable $ 26,000 Accounts receivable 19,000 Notes payable 20,000 Inventory 35,000 Term Loan payable (Due 2015) 50,000 Prepaid expenses 12,000 Capital Assets Shareholders' Equity Plant and equipment 250,000 Common stock 75,000 Less: Accum. amortization 50,000 Retained earnings 110,000 Net plant and equipment 200,000 Total shareholders' equity 185,000 Total liabilities and Total assets $281,000 shareholders' equity $281,000
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