Cash |
$ |
35,000 |
Accounts payable |
|
$ 65,000 Accounts receivable |
50,000 |
Salaries and wages pa |
||
yable |
10,000 |
|||
Inventory |
70,000 |
Mortgage payable |
||
90,000 Prepaid insurance |
40,000 |
Total liabilities |
||
$ 165,000 Stock investments |
80,000 |
|||
Land |
95,000 |
|||
Buildings |
$ 100,000 |
Common stock |
||
$ 120,000 | ||||
Less : Accumulated |
Retained earnings |
|||
250,000 depreciation |
( 30,000 ) |
85,000 |
Total stockholders ‘ e |
|
quity |
$ 370,000 |
|||
Trademarks |
70,000 |
Total liabilities an |
||
d Total assets |
$ 535,000 |
stockholders ‘ equ |
||
ity |
$ 535 |
|||