Question

Prepare a balance sheet for Alaskan Peach Corp. as of December 31, 2019, based on the following information: cash = $210,000; patents and copyrights + $864,000, accounts payable - $279,000; accounts receivable = $270,000; tangible net fixed assets = $5,270,000. inventory = $555,000; notes payable = $172,000; accumulated retained earnings = $4,756,000: long-term debt = $1,080,000. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Balance Sheet Assets Current assets de idea Total assets

Answer 1

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Cash Balance sheel Assets. BI 10,000 | Accounts Meceivable 9970,000 Joventory +555,000 Current Assets 1035,000 Tangible net fixed Assets $ 5,62 70,000 Intangible net fixed Assets (Patent & Copyright & 864,000 - Total Assets $ 7.169,000 $279.000 $172,000 | Accounts fayable | Notes Payable Current Liabilities $ 451.000 $ 1080, oro Common stock long term Debt Total Liabilities Common stock 11531, OTO $88.9. ooo Accumulated chelained Earnings Total Liabilities & owner's equity $4756000 27,169,000