Reference no: EM132644974
Question - From the Disney financial records provided below, construct the company's balance sheet:
1. Machine and Equipment $450,000.
2. Inventories are $253,125.
3. Cash in the coffer (cash box) $26,000 and cash in the bank $100,000.
4. Account receivable in the amount of $270,000.
5. Employees need to be paid next week in the amount of $40,000, and an outstanding food bill is due next week in the amount of $57,200.
6. Short-term borrowing $60,300.
7. Due to the outstanding loan, accumulated interests are $68,400.
8. Net income leftover from last year that will be re-invested in the company in the amount of $288,225. [This is an accumulated leftover income as well.]
9. A small outstanding business administration loan in the amount of $135,000.
10. The company has shareholders with a capital amount of $450,000.
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