The Table Shows Financial Data for Purrfect Pets,Inc -Refer to the Above Table

question 92

Essay

The table shows financial data for Purrfect Pets,Inc.as of June 30,2018.
$$\begin{array} { | l | r | } \hline \text { Reverues } & \$ 279,400 \\\hline \text { Accourts Receivable } & 419,200 \\\hline \text { Retained Earnings } & 117,900 \\\hline \text { Irventories } & 58,400 \\\hline \text { Other Assets } & 69,400 \\\hline \text { Accourts Payable } & 349,200 \\\hline \text { Property, Plart, and Equiprnent } & 118,500 \\\hline \text { Cash } & 732,600 \\\hline \text { Contributed Capital } & 662,100 \\\hline \text { Notes Payable } & 268,900 \\\hline \text { Rent expense } & 56,900 \\\hline \text { Interest expense } & 4,500\\\hline\end{array}$$
-Refer to the above table.Prepare a balance sheet using this data.

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Definitions:

Domestic Consumers

Residents of a country who purchase goods and services for personal use within that same country.

Exporter

A person, company, or country that sells goods and services to another country.

Tariff

A charge levied by the government on goods that are brought into or sent out of the country.

North American Free Trade Agreement

The North American Free Trade Agreement (NAFTA) was an agreement among the United States, Canada, and Mexico designed to remove tariff barriers between the three countries.