Following Is an Alphabetical List of the Assets,liabilities,and Stock Owners

question 85

Essay

Following is an alphabetical list of the assets,liabilities,and stock owners' equity accounts of Apex Marketing Solutions.Prepare a balance sheet dated December 31,20X9.


$\begin{array}{l}\begin{array} { l } \text { Accounts payable } \\\text { Account receivable } \\\text { Capital stock } \\\text { Cash } \\\text { Inventory } \\\text { Notes payable } \\\text { laid-in cepital in excess of par }\end{array}\begin{array} { l } \$ 2,000 \\31,400 \\25,500 \\18,000 \\9,600 \\14,900 \\16,600\end{array}\end{array}$

---

Definitions:

Short-Run Supply Curve

A graphical depiction showing the relationship between the price of a good and the quantity supplied over a short period, wherein some inputs are fixed.

Long-Run Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity supplied over a long period, accounting for adjustments in all factors of production.

Short-Run Supply Curve

A graphical representation showing the relationship between the price of a good and the amount that producers are willing to supply, over a short period.

Output

The quantity of goods or services produced by a firm, industry, or economy in a given time period.