Untitled document (4)

.docx
GOLDEN CORPORATION Comparative Balance Sheets December 31 Current Year Prior Year Assets Cash $ 175,00 0 $ 119,1 00 Accounts receivable 99,500 82,00 0 Inventory 617,50 0 537,0 00 Total current assets 892,00 0 738,1 00 Equipment 364,60 0 310,0 00 Accum. depreciation—Equipment (163,5 00 ) (109, 500 ) Total assets $ 1,093, 100 $ 938,6 00 Liabilities and Equity Accounts payable $ 109,00 0 $ 82,00 0 Income taxes payable 39,000 30,60 0 Total current liabilities 148,00 0 112,6 00 Equity Common stock, $2 par value 605,20 0 579,0 00 Paid-in capital in excess of par value, common stock 215,80 0 176,5 00 Retained earnings 124,10 0 70,50 0 Total liabilities and equity $ 1,093, 100 $ 938,6 00
Page1of 1
Uploaded by ProfessorGiraffe3396 on coursehero.com