BalanceSheet 2

BalanceSheet 2 - Mortgage $840 Land 650 Other long-term...

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Balance Sheet For Year Ending December 31, 2010 (all numbers in $000) ASSETS LIABILITIES Current Assets Current Liabilities Cash $51 Accounts payable $237 Accounts receivable 340 Short-term notes 23 (less doubtful accounts) (129) Current portion of long-term notes 14 Inventory 175 Interest payable 5 Temporary investment 12 Taxes payable 10 Prepaid expenses 2 Accrued payroll 13 Total Current Assets $451 Total Current Liabilities $302 Fixed Assets Long-term Liabilities Long-term investments $40
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Unformatted text preview: Mortgage $840 Land 650 Other long-term liabilities 425 Buildings 841 Total Long-term Liabilities $1,265 (less accumulated depreciation) (132) Plant & equipment 560 (less accumulated depreciation) (331) Shareholders' Equity Furniture & fixtures 57 Capital stock $300 (less accumulated depreciation) (41) Retained earnings 228 Total Net Fixed Assets $1,644 Total Shareholders' Equity $528 TOTAL ASSETS $2,095 TOTAL LIABILITIES & EQUITY $2,095...
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This note was uploaded on 06/22/2011 for the course ACCT 201 taught by Professor Tracyedmond during the Spring '10 term at Park.

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