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    Assets Liabilities and Owner's Equity: Stafford Press Condensed Balance Sheet (Revised To Reflect Move)

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    Vivek Dasgupta
    Stafford Press has total assets of $1,296,080 consisting of current assets of $374,434, land of $175,185, buildings of $561,000 and equipment of $185,464. Total liabilities are $585,223 including current liabilities of $160,223 and long-term liabilities of $425,000. Owner's equity totals $710,857 comprising common stock of $400,000 and retained earnings of $310,857.

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    Assets Liabilities and Owner's Equity: Stafford Press Condensed Balance Sheet (Revised To Reflect Move)

    Uploaded by

    Vivek Dasgupta
    17 views1 page
    Stafford Press has total assets of $1,296,080 consisting of current assets of $374,434, land of $175,185, buildings of $561,000 and equipment of $185,464. Total liabilities are $585,223 including current liabilities of $160,223 and long-term liabilities of $425,000. Owner's equity totals $710,857 comprising common stock of $400,000 and retained earnings of $310,857.

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    Accounts

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    BS-stafford

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    Stafford Press has total assets of $1,296,080 consisting of current assets of $374,434, land of $175,185, buildings of $561,000 and equipment of $185,464. Total liabilities are $585,223 including current liabilities of $160,223 and long-term liabilities of $425,000. Owner's equity totals $710,857 comprising common stock of $400,000 and retained earnings of $310,857.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Download as docx, pdf, or txt
    17 views1 page

    Assets Liabilities and Owner's Equity: Stafford Press Condensed Balance Sheet (Revised To Reflect Move)

    Uploaded by

    Vivek Dasgupta
    Stafford Press has total assets of $1,296,080 consisting of current assets of $374,434, land of $175,185, buildings of $561,000 and equipment of $185,464. Total liabilities are $585,223 including current liabilities of $160,223 and long-term liabilities of $425,000. Owner's equity totals $710,857 comprising common stock of $400,000 and retained earnings of $310,857.

    Copyright:

    © All Rights Reserved
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    of 1

    STAFFORD PRESS

    Condensed Balance Sheet


    (Revised to Reflect Move)
    Assets Liabilities and Owner’s Equity
    Current assets: Current liabilities.........................................................
    $ 160,223
    Cash.........................................................................................................................................................................
    $ Long-term liabilities....................................................
    425,000
    122,644
    Other current assets.................................................................................................................................................
    251,79 Common stock.............................................................
    400,000
    0
    Total current Assets.............................................................................................................................................
    Retained earnings........................................................
    310,857
    Plant and equipment:..................................................................................................................................................
    Land........................................................................................................................................................................
    175,185
    Buildings ................................................................................................................................................................
    $561,000
    Less accumulated.................................................................................................................................................
    Depreciation......................................................................................................................................................
    0 561,000

    Equipment..................................................................................................................................................................
    185464
    _________
    Total liabilities and
    Total assets.................................................................................................................................................................
    $1,296,08 owners’ equity..........................................................
    $1,296,080
    0

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