Brothers - 1,500 1,500 Total Assets $124,538 $118,732...

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Brothers' Quintet, Inc. Balance Sheet As of December 31, 20X1 and 20X0 20X1 20X0 Increase (Decrease) ASSETS Current Assets Cash $ 16,950 $ 6,330 $10,620 Accounts Receivable 18,567 19,230 (663) Inventory 12,309 12,202 107 Prepaid Expenses 712 570 142 Total Assets 48,538 38,332 10,206 Property, Plant and Equipment Land 10,500 10,500 0 Building 50,000 50,000 0 Equipment 35,000 30,000 5,000 Less: Accumulated deprecitation, equipment (10,000) (5,000) (5,000) Accumulated depreciation, equipment (11,000) (6,600) (4,400) Total property, plant and equipment 74,500 78,900 (4,400)
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20X1 20X0 Increase (Decrease) Other assets
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Unformatted text preview: 1,500 1,500 Total Assets $124,538 $118,732 $5,806 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Accounts payable $ 15,730 $ 16,649 $ (919) Wages payable 9,995 9,675 320 Accrued expenses 2,390 3,685 (1,295) Total current liabilities 28,115 30,009 (1,894) Long-term debt 15,000 23,000 (8,000) Stockholders' Equity Common stock 30,000 20,000 10,000 Retained earnings 51,423 45,723 5,700 Total stockholders' equity 81,423 65,723 15,700 Total liabilities and stockholders'equity $124,538 $118,732 $5,806...
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Brothers - 1,500 1,500 Total Assets $124,538 $118,732...

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