Arrange in order ASSETS, LIABILITIES, AND Stockholders\' equity: accumulated dep

Question

Arrange in order ASSETS, LIABILITIES, AND Stockholders' equity: accumulated depreciation($300,000), cash($10,000), retained earning($96,000),A/R($48,000), bonds payable($136,000), plant and equip.($680,000), A/P($35,000), allowance for bad debts($6,000), common stock, $50 par, 1,000 shares outstanding($100,000), inventory($66,000), preferred stock, $50 par, 1,000 shares outstanding($50,000), marketable securties($20,000), investments($20,000), notes payable($33,000), captial paid in excess of par common stock,($88,000)

Explanation / Answer

ASSETS Current Asset cash($10,000) A/R($48,000) marketable securities($20,000) investments($20,000) inventory($66,000) Total current Asset (164,000) Non-current Asset plant and equip.($680,000) Less: accumulated depreciation($300,000) Total non-current asset (380,000) Total Asset (544,000) LIABILITIES & EQUITIES Liabilities bonds payable($136,000) A/P($35,000) notes payable($33,000) allowance for bad debts($6,000) Total Liabilities (210,000) Equities common stock, $50 par, 1,000 shares outstanding($100,000) preferred stock, $50 par, 1,000 shares outstanding($50,000) capital paid in excess of par common stock,($88,000) retained earning($96,000) Total Equities (334,000) Total Liabilities & Equities (544,000) Hope that helps! :)

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