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20shearcorr
03.09.2019 •
Business
Prepare a balance sheet for alaskan strawberry corp. as of december 31, 2016, based on the following information: cash = $197,000 patents and copyrights = $863,000 accounts payable = $288,000 accounts receivable = $265,000 tangible net fixed assets = $5,150,000 inventory = $563,000 notes payable = $194,000 accumulated retained earnings = $4,586,000 long-term debt = $1,590,000 you will complete this in a spreadsheet either using microsoft excel or google sheets. submit your spreadsheet here.
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Ответ:
See file attached
Explanation:
The Balance Sheet`s components for Alaskan Strawberry Corp. are recorded and order like this:
ASSETS:
-Cash
-Accounts receivable
-Inventory
-Tangible net fixed assets
-Patents and copyrights
LIABILITIES:
-Accounts payable
-Notes payable
-Long-term debt
OWNER`S EQUITY
-Common Stock
-Accumulated retained earnings
Accounting Equation Formula
Assets = Liabilities + Owner's Equity
Taking into account the following:
Owner's Equity = Common Stock + Accumulated retained earnings
The formula is completed as follows
Asset = Liabilities + Common Stock + Accumulated retained earnings
Then:
Common Stock = Asset – Liabilities - Accumulated retained earnings
In numbers:
Common Stock = 7,038,000 – 2,072,000 – 4,586,000
Common Stock = 380,000
Ответ:
its either design or i'm just plain out stupid
Explanation: