![Exercise 3-1 (Algo) Balance sheet; missing elements [LO3-2, 3-3, 3-8] The following December 31, 2021, fiscal year-end accoun](http://img.homeworklib.com/questions/53ac2a90-792a-11ea-8e43-95e58e4e931f.png?x-oss-process=image/resize,w_560)
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| Accounts payable | 55000 |
| Salaries payable | 16000 |
| Accrued interest | 1000 |
| Total current liabilities | 72000 |
| Current ratio = Total current assets / Total current liabilities | |
| 1.7 = Total current assets / 72000 | |
| Total current assets = 1.7 * 72000 | 122400 |
| 2. | |
| Total current assets | 122400 |
| (-) Cash and cash equivalents | 6600 |
| (-) Accounts receivable (net) | 36000 |
| (-) Inventory | 76000 |
| Short-term investments | 3800 |
| 3. | |
| Total current assets | 122400 |
| (+) Property, plant, and equipment (net) | 200000 |
| Total assets | 322400 |
| Total assets | 322400 |
| (-) Total current liabilities | 72000 |
| (-) Long term notes payable Notes payable | 46000 |
| (-) Paid-in capital | 180000 |
| Retained earnings | 24400 |
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Exercise 3-1 (Algo) Balance sheet; missing elements [LO3-2, 3-3, 3-8] The following December 31, 2021, fiscal...
Ny VOIN Exercise 3-1 (Algo) Balance sheet; missing elements [LO3-2, 3-3, 3-8) The following December 31,...
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homework A Saved Help Save Exercise 3-1 (Algo) Balance sheet; missing elements (LO3-2, 3-3, 3-8] The...
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The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation...
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1 The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge...
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The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation:...
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homework A Saved Help Save Exercise 3-1 (Algo) Balance sheet; missing elements (LO3-2, 3-3, 3-8] The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation: Cash and cash equivalents Accounts receivable (net) Inventory Property, plant, and equipment (net) Accounts payable Salaries payable Paid-in capital $ 6,000 30,000 70,000 178,000 49,000 21,000 150,000 The only asset not listed is short-term investments. The only liabilities not listed are $40,000 notes payable due in two years and...
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The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation: Cash and cash equivalents Accounts receivable (net) Inventory Property, plant, and equipment (net) Accounts payable Salaries payable Paid-in capital $ 5,600 26,000 66,000 150,000 45,000 17,000 130,000 The only asset not listed is short-term investments. The only liabilities not listed are $36,000 notes payable due in two years and related accrued interest of $1,000 due in four months. The current ratio at year-end is...
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