Accounting HW - Liabilities and Stockholders’ Equity...

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Susan Stalte ACC 201: 7:20 – 10:00 Pg. 45, 1-6 Green Bay Corporation Income Statement For the Month Ended July 31, 2010 Revenues: Cash 7,730 Fishing revenue 21,300 Passenger service revenue 12,560 Total revenues $60,090 Expenses: Boats: $80,000 Rent expense 4,000 Salary and wage expense 18,230 Total expenses 102,230 Net Income (42,140) Green Bay Corporation Balance Sheet For the Month Ended July 31, 2010 Assets
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Unformatted text preview: Liabilities and Stockholders’ Equity Accounts Receivable $18,500 Notes Payable $60,000 Cash 7,730 Capital Stock 40,000 Dividends 5,400 Total assets $26,230 Total liabilities and $ 105,400 Stockholders’ equity In order to fully assess Green Bay’s long-term viability, you would need to know when the notes payable is due as well as the interest rate....
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