Desi Company, a merchandising firm, reports the following da…
Questions
Desi Cоmpаny, а merchаndising firm, repоrts the fоllowing data as of January 31: Stockholders' equity $5,700 Property, plant, and equipment 10,000 Inventory 3,500 Accounts receivable 1,200 Other current liabilities 600 Accounts payable 800 Long-term notes payable 8,000 Cash 400 Prepare a classified balance sheet for Desi Company as of January 31. DESI COMPANY Balance Sheet January 31 Assets Liabilities & Stockholders' Equity Current Assets: Current Liabilities: Cash [cash] Accounts payable [acctspay] Accounts receivable [acctsrec] Other current liabilities [otherliab] Inventory [inventory] Total Current Assets [totalcurasset] Total Current Liabilities [totalcurliab] Noncurrent Assets: Noncurrent Liabilities: Property, plant & equipment [ppe] Long-term notes payable [ltnotepay] Total Noncurrent Assets [totalnoncurasset] Total Noncurrent Liabilities [totalnoncurrliab] Stockholders' equity [equity] Total Assets [totalassets] Total Liabilities & Stockholders’ Equity [totalliabandse]
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