Objective construct a balance sheetat december 31 2014, Ask an Expert

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Objective : Construct a balance sheet.

At December 31, 2014, Washington Products has cash of $21,000, receivables of $17,600, and inventory of $79,000. The company's equipment totals $185,000. Washington owes accounts payable of $25,000 and long-term notes payable of $169,000. Common stock is $30,500.

Prepare Washington's balance sheet at December 31, 2014, complete with its proper heading. Use the accounting equation to compute retained earnings.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92066849

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