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Unformatted text preview: 32,000.00 Total Current Liabilites 323,200.00 Long Term Debt Bonds Payable (Note 2) 400,000.00 Total Liabilites 723,200.00 Stockholders' Equity Common Stock 500,000.00 Authorized, 600,000 shares of $1 par value: Issued and outstanding 500,000 shares Premiums of Common Stock 45,000.00 545,000.00 Retained Earnings 138,000.00 Total Stockholders Equity 683,000.00 Total Liabilities and Stockholders Equity 1,406,200.00 Note 1 The notes payable represent bank oans that are secured by long-term investments carri Note 2 The bonds payable bear interest at 8% due January 1, 2018. 130,300.00 ied at 120,000. These bank loans are due in 2008....
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This note was uploaded on 09/14/2010 for the course ACC 429 taught by Professor Whitehurst during the Spring '10 term at Chattanooga State.
- Spring '10
- Balance Sheet