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    nellyspio's Avatar
    nellyspio Posts: 2, Reputation: 1
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    #1

    Dec 7, 2010, 06:32 AM
    I need help I've been doing this balance sheet over and over and i can't balance the
    ] Prepare a 2009 balance sheet for Bertinelli Corp. based on the following information: cash = $195,000; patents and copy-rights = $780,000; accounts payable = $405,000; accounts receivable = $137,000; tangible net fixed assets = $2,800,000; inventory = $264,000; notes payable = $160,000; accumulated retained earnings = $1,934,000; long-term debt = $1,195,300.
    Just Looking's Avatar
    Just Looking Posts: 1,610, Reputation: 480
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    #2

    Dec 7, 2010, 08:34 AM

    Something is wrong here. The numbers won't balance with just this info. Did they say anything about net income? How did you get these numbers?
    nellyspio's Avatar
    nellyspio Posts: 2, Reputation: 1
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    #3

    Dec 7, 2010, 08:48 AM

    Exactly the teacher, just gave us this question, with no explanation, I don't get either it is in my book .
    Just Looking's Avatar
    Just Looking Posts: 1,610, Reputation: 480
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    #4

    Dec 7, 2010, 08:50 AM

    Well, if that's all you have to go on, I'd have to assume the difference is the current year's net income.
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