jenaholic
Aug 24, 2010, 10:59 AM
I need to prepare a balance sheet with the following information:
Accounts payable 5,745
Capital stock 694
Cash 3793
Cost of goods sold 27,165
Income tax expense 752
Inventories 4,028
Investments 318
Goodwill and other intangibles assets 1,000
Other assets 945
Other liabilities 1,624
Other revenue (net) 130
Property, plant, equipment 2,938
Receivables 548
Sales 35,934
Selling, general expenses 6,770
I need to know which items go under which categories (assets, liabilities, equity)... been stuck on this problem for two days
Accounts payable 5,745
Capital stock 694
Cash 3793
Cost of goods sold 27,165
Income tax expense 752
Inventories 4,028
Investments 318
Goodwill and other intangibles assets 1,000
Other assets 945
Other liabilities 1,624
Other revenue (net) 130
Property, plant, equipment 2,938
Receivables 548
Sales 35,934
Selling, general expenses 6,770
I need to know which items go under which categories (assets, liabilities, equity)... been stuck on this problem for two days