Prepare a Balance Sheet using the following information: Gross fixed assets $40,000 Cash $18,000 Other...
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Accounting
Prepare a Balance Sheet using the following information:
Gross fixed assets $40,000
Cash $18,000
Other cash $ 5,000
Accumulated Depreciation $ 30,000
Common Stock $ 43,000
Short-term notes payable $ 12,000
Accounts Payable $35,000
Inventories $122,000
Retained earnings $100,000
Accounts receivable $60,000
long-term notes payable $10,000
long-term bonds payable $15,000
Sales $300,000
Cost of goods sold $150,000
Depreciation expnse $3000
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