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    Catherine Manufacturing Balance Sheet As of December 31, 2015 Assets Current Assets

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    Nica Cabradilla
    Catherine Manufacturing's balance sheet for the year ending December 31, 2015 shows total current assets of $3,580,000 including cash of $2,000,000, accounts receivable of $280,000, inventories of $900,000, and other current assets. Total assets are $4,680,000 including property and equipment of $1,100,000. Total liabilities are $1,000,000 comprising current liabilities of $400,000 and long-term debt of $600,000. Owner's equity is $3,680,000.

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    Catherine Manufacturing Balance Sheet As of December 31, 2015 Assets Current Assets

    Uploaded by

    Nica Cabradilla
    320 views2 pages
    Catherine Manufacturing's balance sheet for the year ending December 31, 2015 shows total current assets of $3,580,000 including cash of $2,000,000, accounts receivable of $280,000, inventories of $900,000, and other current assets. Total assets are $4,680,000 including property and equipment of $1,100,000. Total liabilities are $1,000,000 comprising current liabilities of $400,000 and long-term debt of $600,000. Owner's equity is $3,680,000.

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    CASE 3

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    Catherine Manufacturing's balance sheet for the year ending December 31, 2015 shows total current assets of $3,580,000 including cash of $2,000,000, accounts receivable of $280,000, inventories of $900,000, and other current assets. Total assets are $4,680,000 including property and equipment of $1,100,000. Total liabilities are $1,000,000 comprising current liabilities of $400,000 and long-term debt of $600,000. Owner's equity is $3,680,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    320 views2 pages

    Catherine Manufacturing Balance Sheet As of December 31, 2015 Assets Current Assets

    Uploaded by

    Nica Cabradilla
    Catherine Manufacturing's balance sheet for the year ending December 31, 2015 shows total current assets of $3,580,000 including cash of $2,000,000, accounts receivable of $280,000, inventories of $900,000, and other current assets. Total assets are $4,680,000 including property and equipment of $1,100,000. Total liabilities are $1,000,000 comprising current liabilities of $400,000 and long-term debt of $600,000. Owner's equity is $3,680,000.

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    Below are the accounts of Catherine Manufacturing for the year ended Dec 31, 2015

    ACCOUNTS PAYABLE - 200,000 Catherine Manu


    ACCOUNTS RECEIVABLE - 280,000 Balance Sh
    CAPITAL - 3,680,000 As of December
    CASH - 2,000,000 Assets
    INVENTORIES - 900,000 Current Assets
    LONG-TERM DEBT - 600,000 Cash
    NOTES PAYABLE - 200,000 Accounts Receivables
    NOTES RECEIVABLE - 200,000 Notes Receivables
    PROPERTY AND EQUIPMENT - 1,100,000 Inventories
    SUPPLIES AND OTHER PRE-PAYMENTS - 200,000 Supplies and Other Pre-payments
    Total Current Assets
    Non-Current Assets
    Property and Equipment
    TOTAL ASSETS
    QUESTIONS:
    1.3,580,000
    2, 1,100,000
    3. 400,000
    4. 600,000
    5. 4,680,000
    6. 8.95
    Catherine Manufacturing
    Balance Sheet
    As of December 31, 2015
    Liabilities
    Current Liabilities
    2,000,000.00 Notes Payable 200,000.00
    280,000.00 Accounts Payable 200,000.00
    200,000.00 Tota CL 400,000.00
    900,000.00 Non-Current Liabilities
    200,000.00 Long Term Debt 600,000.00
    3,580,000.00 TOTAL LIABILITIES 1,000,000.00

    1,100,000.00 Owner's Equity 3,680,000.00


    4,680,000.00 Total Liabilities and OE 4,680,000.00

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