Cash |
$ 35,000 |
Accounts |
|||
payable |
$ 65,000 |
||||
Accounts receivable |
50,000 |
Salaries and wages |
|||
payable |
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‘ |
||
equity |
$ 370,000 |
||||
Trademarks |
70,000 |
Total liabilities |
|||
and Total assets |
$ 535,000 |
stockholders‘ |
|||
equity |
$ 535 |
||||