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Q1) Peabody & Peabody Balance Sheet December 31, 2006 ($000)

Assets Liabilities & Stockholders' Equity
Cash $400 Accounts payable $1,400
Marketable securities 200 Accruals 400
Accounts receivable 1,200 Other Current Liabilities 80
Inventories 1,800 Total current Liabilities $1,880
Total current Assets $3,600 Long term Debt $2,000
Net fixed assets $4,000 Common equity $3,720
Total assets $7,600 Total Liabilities &stockholders' equity $7,600

A. Create a pro forma balance sheet dated December 31, 2008.

B. Describe the financing changes suggested by statement prepared in part A.

Accounting Basics, Accounting

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  • Reference No.:- M919657

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