Reference no: EM132463258
Question 1: Using the following (scrambled) accounts a balance sheet for B company, Incorporated (a retail company) for the year ending December 31, 2003 (assume that these are the only balance sheet accounts):
Accounts payable 39,000
Advertisement expenses 14,000
Accumulated depreciation 51,000
Additional paid-in capital 86,000
Cash 23,000
Common stock ($0.20 par) 45,000
Gross fixed assets 486,000
Inventories 54,000
Long term debt 210,000
Net accounts receivable 38,000
Net fixed assets 435,000
Retained earnings 138,000
Short-term bank loan (notes payable) 18,000
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