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SI7600 Accounts Receivable, Notes Receivable 553,000 566,000 Total Current Assets Equipment Prepaid Espen 53000 Total Other A
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Answer #1
Balance Sheet as on Dec 31, 2018:
Assets: Amount $
Current Assets:
Cash 137000
Accounts Receivable, net 80000
Prepaid Expenses 27000
Accrued interest 3000
Inventories 240000 487000
Investments:
Notes receivables 50000
Long term investments 66000 116000
PPE:
Land 200000
Equipment, net 320000
Patent 22000 542000
Total Assets 1145000
Liabilities & Shareholders' Equity: Amount $
Current Liabilities:
Accounts Payable 125000
Salaries Payable 32000
Notes Payable 20000
Interest Payable 20000 197000
Long term Liabilities:
Notes Payable 80000
Bonds Payable 300000 380000
Shareholders' Equity:
Common Stock, Authorised:100000 shares
Issued and Outstanding: 60000 shares 500000
Retained Earnings 68000
Total Shareholders' Equity 568000
Total Liabilities & Shareholders' Equity 1145000
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