Complete the Following Balance Sheet by Entering the Appropriate Amounts

Question

Examlex · Accepted Answer

The Answer is A. $40,000. ($90,000 Total Assets (F) - $35,000 Book Value of Building - $15,000 Cash)
B. $25,000. ($60,000 Building - $35,000 Book Value)
C. $90,000. (Must equal to F.)
D. $2,000. ($25,000 Current liabilities - $11,000 Accounts Payable - $12,000 Notes payable)
E. $40,000. ($25,000 Common stock + $15,000 Retained earnings)
F. $90,000. ($50,000 Total Liabilities + $40,000 Total Stockholders' Equity)

Complete the Following Balance Sheet by Entering the Appropriate Amounts

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