Question

Normal 1 No Spac... Heading Heading 2 Title Select Font Paragraph ceep using your Office applications without interruption, please renew by September 24, 2020 Styles Remind Me Later Buy 12) Craigco extracted the following information from their books for the year ended Sept. 30, 2020: Accumulated Amortization Cash LT Note Payable Property Plant and Equipment Accounts Payable Accounts Receivable Inventory $ $ $ $ $ $ $ 375,000.00 85,000.00 75,000.00 1,250,000.00 25,000.00 85,000.00 75,000.00 Focus United States o e

Answer 1

on $ 85,000 3,75,000 Balance sheet of Coraigco Sept 30, 2020 Liabilities $ Assets Cash Accumulated Amoctization LT Notes Payable 75,000 Property Plant and equipment 125,000 Accounts Payable 25,000 Inventory Accounts Receivable Bonds Payable Marketable Securities 45,000 Shares Outstanding IT Investments 75,000 Poreference shares Outstanding Retained Earnings 75,000 60,000 150.000 750000 Common 100,000 115,000 1,590,000 1.590,000 Ulote:- Accounts Receivable 85,000 - 25,000 Allowance for Bad debts 60,000

Hence the solution...