Balance Sheet - 2,950 Note Payable 5,000------------Total...

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Austin Co. Balance Sheet December 31, 2007 (In Thousands of Dollars) Assets Cash $ 19,600 Accounts Receivable 7,000 Supplies 600 Pre-paid Insurance 450 Equipment 12,000 Other Assets 5,100 ----------- Total Assets $ 44,750 ==═==== Liabilities and Stockholder’s Equity Accounts Payable $ 2,500 Accrued Expenses Payable 1,100 Income Tax Payable
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Unformatted text preview: 2,950 Note Payable 5,000------------Total Liabilities 11,550 Stockholders Equity Contributed Capital $ 16,000 Retained Earnings 10,300 Net Income 6,900-------------Total Stockholders Equity 33,200-------------Total Liabilities and Stockholders Equity $44,750 ========...
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This note was uploaded on 03/29/2008 for the course ACCT 201 taught by Professor Anothony during the Spring '07 term at Michigan State University.

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