OZ enterprise sol

OZ enterprise sol - ======== Current liabilities Accounts...

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Solution for Oz Enterprise: > Current assets: Cash $16,000 Accounts receivable 24,000 Inventory 50,000 Prepaid insurance 10,000 Total current assets $100,000 Long-term assets: Land 100,000 Buildings 150,000 Equipment 50,000 Total assets $400,000
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Unformatted text preview: ======== Current liabilities: Accounts payable $40,000 Long-term liabilities: Mortgage payable 125,000 Total liabilities $165,000 Stock 50,000 Retained earnings 185,000 Total equity $235,000 Total liabilities & equity $400,000 ========...
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