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

(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 = __________.