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(solution) USE THE FOLLOWING INFORMATION TO FILL IN THE BALANCE SHEET BELOW


USE THE FOLLOWING INFORMATION TO FILL IN THE BALANCE SHEET BELOW

TO ANSWER QUESTIONS 31 through 34

Note: Of total sales, 60 percent are on credit and the remainder are cash sales. Assume a 360-day year. All data in the table above, unless otherwise stated, is for the year 2015.

Hodun, Inc.

Balance Sheet for the Year Ending December 31, 2015

Cash __________ Notes payable __________

Accounts receivable __________ Accounts payable __________

Inventory __________ Accruals __________

Net fixed assets __________ Long-term debt __________

Total assets __________ Common stock ($2 par value) __________

Capital surplus __________

Retained earnings __________

Total liab. & equity __________

31. Cash = ____________.

32. Long-term debt = ____________.

33. Total assets =____________.

34. Capital surplus = __________.

 


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