Prepare a balance sheet for Alaskan Strawbermy Corp. as or December 31, 2016, ba

Question

Prepare a balance sheet for Alaskan Strawbermy Corp. as or December 31, 2016, based on the tollowing Information: cash S200,000; patents and copyrights $854,000; accounts paryable $289,000; accounts recevable S260,000; tangible ne xed assets $5,170,000; Invenory 5545,000 notes payable 182,000; accumulared retained earnings-$4,656,000 ong term debt 51,180,000. (Do not round Intermediate calculations and round your answers to the nearest whole number, e.g.. 32.) st wnole num berae do.net assets- your nes Sheel (Click to select) (Click to select) (Click to select) Click to salact Currant ass (Click to select) Current liabiities Total liabiities (Click to select) (Click to select) (Click to select) Click to salact Total sgets Total liabiities& owners equty

Explanation / Answer

Cash . 200000 . Accounts payable 289000

Accounts receivable. 260000. Notes payable . 182000

Inventory . 545000

Current liabilities . 471000

Current assets . 1005000 . Long term debts .1180000

Patents and copyright. 854000

Fixed assets. 5170000. Total liabilities 1651000

Net profit . 722000  

Retained 4656000

earnings

  

Total assets . 7029000 Total liabilities 7029000

and owners equity

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