andt, Financial &Managerial Accounting, 2e Estem Announcements (1 Unread) Practi

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andt, Financial &Managerial Accounting, 2e Estem Announcements (1 Unread) Practice Brief Exercise 2 In alphabetical order below are balance sheet items for Ellerby Company at December 31, 2017. Accounts payable Accounts receivable Cash Common stock $82,000 71,000 43,500 32,500 Prepare a balance sheet. (List Current Assets in order of liquidity.) ELLERBY COMPANY Balanoe Sheet Assets Liabilities and Stockholders' Equity SHOW LIST OF ACCOUNTS By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy se lus.com/edugen/shared/assignment/test/aglist.uni?id=asnmt 1 8893095N 103D0 here to search

Explanation / Answer

ELLEBERY COMPANY BALANCE SHEET AS ON DECEMBER 31,2017 Cash 43500 Account receivable 71000 Total Assets 114500 LIABILITIES AND STOCKHOLDER'S EQUITY Current liabilities Account payable 82000 Stockholder's equity common Stock 32500 Total liabilities and stockholder's equity 114500

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