Prepare a pro forma balance sheet dated december 31 2008., Ask an Expert

Accounting

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. Prepare a pro forma balance sheet dated December 31, 2008.

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

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9169914

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