uop acc 290 new,uop acc 290 new,uop acc 290 new complete course,uop a ACC 290 Final Exam NEW | Page 11

Balance Sheet
December 31, 2014
Cash
$84,000
Accounts payable
$110,000
Accounts receivable
80,000
wages payable
20,000
Inventory
140,000
180,000
Salaries and
Mortgage payable
Prepaid insurance
60,000
liabilities $310,000
Stock Investments
Land
Buildings
Total
170,000
190,000
$226,000
Common stock
$240,000
Less: Accumulated depreciation
(40,000)
186,000
Retained earnings
500,000
Trademarks
140,000
equity $740,000
Total assets
$1,050,000
liabilities and stockholders' equity
$516,000
Total stockholders'
Total
$1,050,000