hibsgal
Apr 6, 2008, 02:17 PM
Hey guys I really need help!
I have this
Current assets as of Dec 31:
Cash: $6,000
Accounts Receivable: $36,000
Inventory $9,800
Building and Equipment, net: $110,885
Accounts Payable: $32,550
Capital Stock: $100,000
Retained Earnings: $30,135
So, beginning inventory for January would be $9,800, but what about Feb and March? Does it change?
I have this
Current assets as of Dec 31:
Cash: $6,000
Accounts Receivable: $36,000
Inventory $9,800
Building and Equipment, net: $110,885
Accounts Payable: $32,550
Capital Stock: $100,000
Retained Earnings: $30,135
So, beginning inventory for January would be $9,800, but what about Feb and March? Does it change?