Solution-Construct the statement of financial position

Construct the statement of financial position

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Reference no: EM133073577

You are given the following information from the 2020 financial statements for The Stopperside Wardrobe Co.

	2020
Sales	$8,085
Accounts receivable	??
Depreciation	1,085
Current assets	20,447
Cost of goods sold	1,942
Other expenses	515
Interest	579
Cash	5,000
Notes payable	600
Long-term debt	15,435
Net fixed assets	33,291
Accounts payable	4,025
Inventory	9,555
Owners' Equity	??
Dividend	1,011

Construct the statement of financial position for The Stopperside Wardrobe Co. for end of year 2020.

Reference no: EM133073577

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Construct the statement of financial position

Reference no: EM133073577

Reference no: EM133073577

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